Monday, October 26, 2020

Commonwealth helps developing countries bank millions for climate action

Must Read

Government Urged to Be More Transparent With the Extractive Industry

MUHAMMED S. BAH (MS) The extractive industry in The Gambia has been operating for decades, but experts and anti-corruption advocates...

State Lawyer Says Yankuba Touray’s Claim of ‘Constitutional Immunity’ Invalid

By Yankuba Jallow / Nelson Manneh Lawyer Kimbeng T. Tah who appeared for the Attorney-General, on Wednesday 21st October 2020 said...

State House Driver in Land Case at Brikama Magistrate Court

By Louise Jobe The case involving Momodou Cham, a driver at the State House, was mentioned at the Brikama Magistrate...

19 September 2019 – For immediate release

A Commonwealth facility designed to assist smaller and more vulnerable countries tackle the damaging effects of climate change has helped them access USD 27 million of funding.

The figure marks a milestone for the Commonwealth Climate Finance Access Hub and is more than 35 times the original start-up investment of AUD 1 million from Australia. A further almost half billion USD has been applied for and is in the pipeline for climate action projects across the Commonwealth.

Secretary-General Patricia Scotland has described the initiative, which is currently managing 50 projects in 10 Commonwealth developing countries, as a “lifeline for the small and vulnerable”.

She said: “There is a relentless assault from climate change on countries in every region of our Commonwealth. Again and again media headlines have been dominated with strong adjectives such as “apocalyptic”, “record-breaking”, “monstrous” and “life-changing” when describing the cyclones and hurricanes, sea-level rises, and scorching droughts which are claiming lives and livelihoods, destroying homes and diverting countries from their development pathways.

- Advertisement -

“Today, in the wake of Hurricane Dorian, the death toll is rising in The Bahamas, where thousands are homeless and parts of the islands are demolished. This is why the Commonwealth has been working tirelessly since 1989 on critical solutions such as the Commonwealth Climate Finance Access Hub.”

Hosted by the Government of Mauritius, the Hub was created following the findings and recommendations of a 2013 Commonwealth Expert Group on accessing climate finance. In 2015 leaders endorsed the initiative in their joint statement.

“We had a situation where, despite the set-up of multi-billion dollar funds for climate action, countries seemed unable to meet the onerous conditions required to access financing for climate change projects,” the Secretary-General added.

“The Hub pays for top international climate finance specialists to join government departments and help them navigate the red-tape and make successful applications for projects to mitigate and adapt to the effects of climate change.”

The Commonwealth has received numerous enquiries from non-member states about the Hub and is exploring how it can extend the scope of its services.

Latest News

Government Urged to Be More Transparent With the Extractive Industry

MUHAMMED S. BAH (MS) The extractive industry in The Gambia has been operating for decades, but experts and anti-corruption advocates...
- Advertisement -

State Lawyer Says Yankuba Touray’s Claim of ‘Constitutional Immunity’ Invalid

By Yankuba Jallow / Nelson Manneh Lawyer Kimbeng T. Tah who appeared for the Attorney-General, on Wednesday 21st October 2020 said Yankuba Touray’s claimed ‘constitutional immunity’...

State House Driver in Land Case at Brikama Magistrate Court

By Louise Jobe The case involving Momodou Cham, a driver at the State House, was mentioned at the Brikama Magistrate Court on Thursday 22nd October...

How Do We Redress Loss Of Life?

20 Million people in the city of Lagos in Nigeria could not exercise their freedom of movement yesterday because of a lock down. This...

What Will The By Elections In Ker Jarga Ward And Niamina West Reveal?

QUESTION OF THE DAY The National Assembly seat in Niamina West was occupied by the GDC. The Council Seat for Ker Jarga Ward was also...
- Advertisement -

People Also Read This