Funds for climate change
The European Union will release an additional €4million to address climate change in the Maldives, bringing the organization’s overall contribution to €38million over the past four years. With the grant of €6.5 million to the Climate Change Trust Fund in 2009, the EU became the first body to give funds to the scheme intended to assist the Maldives to become carbon neutral by 2020. In a recent report titled ‘Turn Down The Heat’, the World Bank has reasserted the urgent need for concerted efforts to support the Maldives in adapting to climate change, due to a projected sea level rise of 115 centimeters by 2090.
The new EU funds will go towards replicating previous projects with a particular focus on the country’s two southernmost atolls – Addu and Fuvahmulah – which will also receive capacity-building assistance for local government structures.