{"id":162368,"date":"2022-11-15T10:48:43","date_gmt":"2022-11-15T14:48:43","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=162368"},"modified":"2022-11-15T10:48:43","modified_gmt":"2022-11-15T14:48:43","slug":"countries-pledge-added-support-to-gef-funds-for-urgent-climate-adaptation","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/countries-pledge-added-support-to-gef-funds-for-urgent-climate-adaptation\/","title":{"rendered":"Countries pledge added support to GEF funds for urgent climate adaptation"},"content":{"rendered":"
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n an important injection of support to countries facing the worst effects of climate change, seven donor governments pledged new funding for the\u00a0Least Developed Countries Fund<\/a>\u00a0(LDCF) and\u00a0Special Climate Change Fund<\/a>\u00a0(SCCF) during the COP27 climate summit and several others backed the funds\u2019 ambitious goals for meeting the most urgent adaptation needs.<\/p>

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Announcing a total of $105.6 million in new funding, Denmark, Finland, Germany, Ireland, Slovenia, Sweden, Switzerland, and the Walloon Region of Belgium, stressed the need for even more support for the Global Environment Facility funds targeting the immediate climate adaptation needs of low-lying and low-income states.<\/p>\n

Additionally, countries including Belgium, Canada, France, and the United States, as well the European Commission, signaled political support for the two funds, and some expressed an intention to contribute further in the coming months. Several welcomed the SCCF\u2019s dedicated focus on Small Island Developing States as a key avenue of climate finance that is otherwise lacking.<\/p>

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Please see the donor governments\u2019\u00a0joint statement<\/a>\u00a0for amounts pledged by country.<\/strong><\/p>

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LDCF and SCCF recipient countries welcomed the new support and called on other countries to also step up their financing as soon as possible.<\/p>\n

\u201cSmall Island Developing States cannot afford to wait when it comes to building climate resilience and dealing with extremes. We are highly appreciative that the GEF\u2019s Special Climate Change Fund has a new funding window focused on supporting the unique adaptation needs of SIDS,\u201d said\u00a0Conrod C. Hunte<\/strong>\u00a0of the Mission of Antigua and Barbuda to the United Nations, who is Lead Negotiator of the Alliance of Small Island States (AOSIS). \u201cWe also welcome the strong political support from donors for the SCCF, but this needs to be translated into real funding commitments without delay.\u201d<\/p>

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The new pledges add to $413 million that\u00a012 donor countries pledged<\/a>\u00a0to the LDCF at COP26 in Glasgow last year. Delivering the promises of the Paris Climate Agreement, including providing adaptation finance for those who most need it, is a major topic of discussion at the COP27 summit in Egypt.<\/p>\n

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