The amount pledged is higher than those pledged last year during COP27 in Sharm El-Sheikh.
Eight donor governments have pledged
$174.2 million to the Least Developed Countries Fund
The Least Developed Countries Fund helps countries
like Uganda to address their short-, medium--, and long-term
resilience needs and reduce climate change vulnerability in priority sectors
The pledges were made by Belgium, Canada, France, Germany, Norway, Spain, Sweden, and the
United Kingdom at the ongoing Un Climate Change Conference in Dubai.
pledged is higher than those pledged last year during COP27
in Sharm El-Sheikh.
The Least Developed Countries Fund
and Special Climate Change Fund
(SCCF) are jointly
managed by the Global Environment Facility (GEF).
The LDCF is the only dedicated climate
adaptation fund for the urgent and immediate adaptation needs of Least
Developed Countries (LDCs). To date, the LDCF has approved approximately $1.8
billion in grants for projects, programs, and enabling activities for high-impact
Hussen, Minister of International
Development of Canada said “In these
times of accelerated climate risks and impacts worldwide, Canada is pleased to
support the GEF's Special Climate Change Fund to accelerate private finance in
adaptation, and address the adaptation needs of Small Island Developing
Several countries including Denmark,
Ireland, the Netherlands, Switzerland, and the United States further stressed
the importance of the targeted support the Least Developed Countries Fund.Least Developed Countries Fund
provides to the 46
Least Developed Countries while the Special Climate Change Fund supports projects
in Small Island Developing States, in addition to its focus on technology
transfer and private sector engagement for climate adaptation.
Every country in the world is
experiencing the impacts of climate change, and developing countries with
limited public resources face particular challenges from crises including
record temperatures, storms, floods, and droughts.
Countries eligible for LDCF and SCCF
funding welcomed the new commitments which can enable them to shore up their
investments to improve access to water, support resilient livelihoods, fortify
crops, protect ecosystems, and reduce strains on natural landscapes.
Ndoye, Minister of Environment and
Sustainable Development of the Republic of Senegal and Chair of the Least
Developed Countries (LDC) Group said the decision to increase financial support
to the LDCF and SCCF sends a positive signal for global solidarity.
“There is an abundance of ambition and
determination within our countries to counter the effects of a cascading
disaster for which we are least responsible. What has been lacking is the
necessary finance to turn urgent priorities and ideas into practice.” Said Ndoye
who is representing lowest income countries in UN climate negotiations.
Naomi Mata’afa, Prime Minister of Samoa and Chair
of the Alliance of Small Island States (AOSIS) said people living in vulnerable
small island countries need increased access to finance to deal with the
“Climate change is a moral issue for
us. One that represents an existential challenge for island nation residents
who face eviction from its effects with no prospect of return. Nobody should be
forced from their home because of humanity’s collective inability to work
within the boundaries of nature,” Mata’afa.
The SCCF has two funding windows –
one to finance technology transfer and private sector engagement for scaling up
innovative approaches to climate adaptation, and one to address the adaptation
needs of Small Island Developing States, as elaborated in the GEF’s recent climate adaptation strategy
The head of the Global Environment
Facility(GEF), Carlos Manuel Rodriguez
welcomed the climate adaptation funding describing it as a needed step as
countries look to work together to change business-as-usual and invest in a
greener, bluer, livable planet.
“We can only tackle climate change by working
together, and adaptation finance is an important piece of this.. The LDCF and
SCCF are critical pieces of this architecture and we are grateful for the
contributions and endorsements of our approach.” Said Carlos Manuel Rodriguez
The GEF partnership connects 186
member governments with civil society, Indigenous Peoples, and the private
sector, and works closely with other environmental financiers for efficiency
To date, the GEF has provided more
than $23 billion in grants and blended finance and mobilized another $129
billion in co-financing for more than 5,000 national and regional projects.
LDCF has financed 365 projects and programs with approximately $1.8 billion in