climate change

Over half of a record $1.2 billion approved by the Green Climate Fund (GCF) for climate action will go to developing countries, including those in Africa, according to the climate fund.

The GCF – a critical element of the historic Paris Agreement – recently approved 13 new projects for mitigation and adaptation action, with $677 million earmarked to finance seven climate change projects in Africa.

Climate change has contributed to a jump in food insecurity, mosquito-borne disease and mass displacement in the past decade. Also, the rise in sea levels has led to unusual weather patterns such as Tropical Cyclone Idai, which hit Mozambique, Malawi and Zimbabwe in 2019.

Africa, it is understood, has been warming progressively since the start of the last century, and in the next five years, according to the UN World Meteorological Organisation (WMO), northern and southern Africa are likely to get drier and hotter, while the Sahel region gets wetter.

The GCF approved $9.5 million for enhancing community resilience and water security in the Upper Athi River Catchment Area of Kenya and $150 million for Desert to Power G5 Sahel Facility in Burkina Faso, Chad, Mali, Mauritania, and Niger.

In Tanzania, the GCF approved $100 million for the Tanzania Agriculture Climate Adaptation Technology Deployment Programme (TACATDP) and $35.5 million for Hydro-agricultural development with smart agriculture practices resilient to climate change in Niger.

According to a statement from the fund, Somalia, Kenya, Malawi, Sao Tome and Principe will benefit from a $157 million cooling facility to be undertaken by the World Bank.

Seychelles and Mozambique, the statement added, will also benefit from a $125 million for Global Fund for Coral Reefs Investment Window.

Similarly, Rwanda and South Africa will benefit from a $100 million fund for adaptation technologies.

‘GCF has accelerated the programming of climate finance in 2020–2021 to maintain climate ambition in the context of Covid-19. We are now allocating funds to new projects as soon as they are received, in response to increasing demand from developing countries’, the GCF Executive Director, Yannick Glemarec, stated.

‘The secretariat is also moving those funds more rapidly and efficiently to implement climate action on the ground, and our report to the board reflects the increases in the speed of project review and in project implementation that have allowed us to disburse over [two billion dollars] to date’.

Source: GCF

Photo source: CGIAR Research Program on Dryland Systems

LEAVE A REPLY

Please enter your comment!
Please enter your name here