THE Commonwealth Secretariat has secured about US$33.9 million of funding for 23 climate action projects through its Climate Finance Access Hub.
This far, four climate finance advisers have been identified to help the Secretariat access funding to tackle climate change in Belize, Eswatini, Seychelles and Zambia.
Commonwealth Secretary-General Patricia Scotland pointed out that across the world, people are suffering from crippling climate impacts, whether through increasing global temperature, scorching droughts, extreme weather and sea-level rises, which cause untold loss, suffering and damage, particularly in small and vulnerable countries.
She added that although multi-billion-dollar climate funds are created, countries are often mired in red tape and the cumbersome conditions required to access these resources.
“The Commonwealth Climate Finance Access Hub is making impressive progress in unlocking much-needed resources for countries that would not otherwise have the capacity to develop successful applications for the pledged funds,” she said.
She said that the Commonwealth climate finance advisers for Belize, Eswatini and Zambia are co-financed by the NDC Partnership – a global coalition on climate action – as part of its Climate Action Enhancement Package (CAEP) programme.
Under this CAEP programme, the Hub will also assist Jamaica to assess the socio-economic consequences of climate change on its national budget and spending – supervised by the Hub’s national adviser in the country, Katherine Blackman.
The four advisers have joined respective government departments and are helping develop climate strategies and prepare grant applications for ‘climate finance’ – funds reserved to support developing countries in cutting emissions and adapting to climate change.
They will help countries translate their climate targets into practical action by building capacity, exchanging knowledge and skills, and setting up projects to tackle climate change.