Tag Archives: Climate adaptation fund

Climate financing across the globe has hit record high to about $650 billion in the last two years, but UN climate chief Christiana Figureres says it is not enough to meet the growing financial needs to tackle global warming. A new financial assessment report presented to at the UN Climate Change Conference in Lima, Peru puts the lower range of global ...

Africa’s readiness to receive and deploy funds towards projects aimed at increasing the continent’s climate resilience capacity has been confirmed. Speaking at the fourth edition of the Climate Change Development in Africa (CCDA-IV) conference in Marrakech, Morocco, Dr Abdalla Hamdok, the Deputy Executive Secretary of the Economic Commission for Africa (ECA), declared that Africa is indeed ready for the Green ...

The Global Environment Facility (GEF) will support developing countries with over $3 billion for financing actions to mitigate and adapt to climate change over the next four years. The newly completed Sixth Replenishment of the GEF Trust Fund, together with expected funding from its climate adaptation funds, will enable the GEF to make $3 billion available for climate finance in ...

Over the past decade, countries across Africa have shown increasing interest in comprehensive development plans that set ambitious social and economic development objectives. These plans move beyond the narrow objective of poverty reduction to encompass the wider objectives of accelerating growth, creating employment, and providing safe water, sanitation, health care and education within a framework of sustainable development. Moving forward, ...

Nigeria and several other Africa countries facing the climate change challenge will benefit from a $6.4 billion fund to tackle the global menace, according to the African Development Bank (AfDB), which is providing the financing. Anthony Nyong of the AfDB, who made the disclosure on Monday in Doha, Qatar, stated that the money would support low-carbon and climate-resilient development in ...