Wednesday, July 25, 2012

African nations to step up access to climate change financing

Capital Eritrea: A workshop is scheduled in Nairobi,Kenya, from 23-27 July 2012, aimed at boosting the capacity of 11 African countries to access and mobilize financial resources associated with climate change. This will enhance the implementation of sustainable land management and climate change adaptation and mitigation for the Member States.

COMESA, EAC and SADC together with the Global Mechanism of the United Nations Convention to Combat Desertification have organised the five-day meeting which will highlight potential climate change related domestic and international funding sources for agriculture, energy, mining and other natural resources from the private sector and bilateral and multi lateral sources.

The second in a series of three, the workshop will focus on the opportunities and new directions presented by climate change financing mechanisms from domestic, innovative and multilateral funds such as the Adaptation Fund, Climate Investment Funds, Green Climate Fund, Least Developed Countries Fund (LDCF), Reducing Emissions from Deforestation and Forest Degradation (REDD+) Financing Mechanisms, Renewal Energy Funds and Special Climate Change Fund (SCCF). Additionally, the workshop will explore strategic options and engagement with the business sector.

Financing mechanisms and instruments can promote practises such as climate-smart agriculture, reforestation, sustainable forest management, improved water management, agro forestry and improved rangeland management....

Nairobi skyline, shot by Sam Stearman, Wikimedia Commons, under the Creative Commons Attribution-Share Alike 3.0 Unported license

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