Connect with us

Environment

New ADB Platform to Help Boost Financing for Climate Action

Newsroom

Published

on

The Asian Development Bank (ADB) has launched a new platform aimed at helping its developing member countries in Asia and the Pacific mobilize funding to meet their goals under the Paris Agreement.

The NDC Advance platform will help countries mobilize finance to implement Nationally Determined Contributions (NDCs) regarding greenhouse gas emissions that each country has voluntarily committed to under the Paris Agreement. NDCs also describe priority actions for countries to adapt to climate change.

The announcement was made at the 24th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24) in Katowice, Poland, which is aiming to finalize a rulebook for the Paris Agreement when it goes into effect on 1 January 2020.

The agreement aims to limit the increase in the global average temperature to below 2°C, while aiming for 1.5°C.

“Through their NDCs, our developing member countries have made ambitious commitments to respond to climate change,” said ADB Vice-President for Knowledge Management and Sustainable Development Mr. Bambang Susantono. “We need to ensure that countries are able to mobilize the needed financing to deliver on their commitments. NDC Advance will help countries devise investment plans to tap financing from a variety of sources and to implement priority projects effectively.”

NDC Advance is funded through a $4.55 million grant from ADB and will have three aims: providing technical assistance that helps countries better engage with potential sources of climate finance and to make use of innovative finance mechanisms; identifying and prioritizing climate projects; and supporting countries in tracking how projects deliver against their NDC goals.

The new initiative will help propel the climate actions ADB has committed to under its Strategy 2030 program.

ADB earlier this year committed to ensuring that 75% of its operations will support climate change mitigation and adaptation by 2030, while providing cumulative climate financing of $80 billion from its own sources between 2019 and 2030.

Continue Reading
Comments

Environment

China Receives GEF Grant for Green Freight Transport Development

Newsroom

Published

on

The World Bank’s Board of Executive Directors today approved a US$8.2 million grant from the Global Environment Facility (GEF) to support China’s efforts to improve efficiency and reduce carbon emissions from the freight sector, a major consumer of energy, with the highest growth rate of carbon dioxide (CO2) emissions among all sectors in China.

Freight transport accounted for over half of total transport CO2 emissions in 2013. As one of the most freight intensive economies in the world, for China to maintain healthy economic growth while fulfilling its commitment to global carbon reduction and environmental sustainability, developing a competitive, efficient and green freight transport system is a national strategic priority.

“This GEF project will contribute to China’s efforts in meeting or exceeding its Nationally Determined Contribution (NDC) under the Paris Agreement well before 2020. It aims to improve the efficiency of multimodal freight transport, so that long-distance freight will be shifted from roads to greener transport modes such as railways and waterways. It will also promote green urban logistics to reduce emissions,” said Tan Hua, World Bank Senior Transport Specialist and task team leader of the project.

The GEF Efficient and Green Freight Transport Project will seek to improve institutional capacity by focusing on two priority areas at the national level: promotion of multimodal freight transportation system, and optimization of urban freight distribution. The project will also pilot key policy, strategy and analytical tools at the local levels in two provinces (Guangdong and Hubei) and three municipalities (Yantai, Weifang and Xiamen). The project will engage key industry players in the formulation of sector policies at both national and local levels.

“This project will introduce and pilot innovations in the development of China’s first macro-logistics freight model, applying big data analytics to inform policy formulation, and piloting of public-private partnerships to facilitate better rural-urban freight distribution and accelerate rural economic development,” added Yang Yi, World Bank’s Operations Analyst and co-task team leader of the project.

Knowledge and experience gained from the project will be disseminated within China and in World Bank’s client countries through TransForm, a knowledge platform jointly developed by the Chinese Ministry of Transport and the World Bank to learn and spread China’s experience and good practices in transport development and transformation.

The GEF was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems. Since then, the GEF has provided over $17.9 billion in grants and mobilized an additional $93.2 billion in co-financing for more than 4500 projects in 170 countries.

Continue Reading

Environment

UN Environment joins campaign to green Kenya

Newsroom

Published

on

Building on the momentum of climate action from the just concluded Conference of Parties (COP24), UN Environment today joined the government of Kenya for the launch of ‘Greening Kenya Campaign’, which focuses on growing trees in schools, universities, education centers, farmlands and dryland.

The initiative is part of Kenya’s aim to plant 1.8 billion trees and achieve more than 10% forest cover in the country by 2022.

“Planting a tree is continuing a battle against the global challenge of climate change. We commend the initiative and vision behind it. With this campaign, Kenya lives up to the aspirations of its citizens to uphold a bond of unity between the forests and the people,” said Jorge Laguna-Celis UN Environment Director of Governance Affairs. “These actions, partnerships and joint coordination efforts of various ministries and national organs will definitely lead to reversing the adverse effects on our environment which we see manifested in drought, desertification and flooding among other consequences.”

The Kenyan government has stated that more than 200,000 acres of forest cover has been destroyed in recent years, and called for the enforcement of a moratorium on logging in public and community forests.

“This launch could not have come at a more opportune time. The effects of climate change are real and we have experienced it with the droughts witnessed in Kenya” said Keriako Tobiko, Kenya’s Cabinet Secretary for Environment. “We are doing this for ourselves, our country, our children and our children’s children.”

Some of the world’s foremost environmental assessments, including UN Environment’s Emissions Gap Report and Adaptation Gap Report have shown an increasing gap between countries’ ambitions and actions against the reality of climate change, as the world prepares for a future with increasing climate risks.

The Adaptation Gap Report cited that less than half of countries assessed provide integrated frameworks to address climate change adaptation in a holistic way, revealing that most address adaptation through development plans or sectoral policies alone, while a handful have been specifically designed to create financial instruments or to focus on disaster risk management.

Kenya’s cabinet secretary for Interior Dr. Fred Matiang’i and cabinet secretary for Public Service, Youth and Gender Affairs Prof. Margaret Kobia pledged to provide 50 million of the annual 500 million target tree seedlings and use their national mandates to mobilize their institutions into supporting the restoration efforts.

Approximately 12 million seedlings — both indigenous and exotic — are being grown at Kenya’s Ruiru Prison farm (where the launch was held) using the resources available to the institution. Similar nurseries have been set up in 27 other centres in all the regions and ecological zones across Kenya where 38 million more seedlings will be developed and distributed from.

UN Environment

Continue Reading

Environment

Green Economy in Nigeria gets a boost from India-UN Fund

Newsroom

Published

on

Jointly advancing environmental sustainability and poverty reduction is a challenge the government of Nigeria holds at heart. In pursuit of these interlinked objectives, the Ministry of the Environment and the Man and the Biosphere National Committee of Nigeria proposed a project titled “Biodiversity Businesses in Omo and Shere Hills: A Means to Poverty Reduction, Biodiversity Conservation and Sustainable Development.” This initiative, a unique example of triangular partnership between the Government of Nigeria, the Government of India and UNESCO – was recently approved in principle by the India-UN Development Partnership Fund Board to receive $1 million.

This is the first project the India-UN Fund is launching in Nigeria, and one of the first with UNESCO. We are excited to see how it can support people to lift themselves out of poverty in an environmentally sustainable way, and hope it can serve as an example for other countries looking to do the same. It is yet another example of the great commitment India has to further sustainable development through the solidarity-based model of South-South Cooperation” says Jorge Chediek, the Secretary-General’s Envoy on South-South Cooperation and Director of the UN Office for South-South Cooperation, UNOSSC.

The project will increase biodiversity-friendly livelihoods in these two regions of Nigeria. It will offer training to local communities, with a focus on women and youth, on simple nature-based business techniques such as apiculture (bees), snail rearing, eatable mushroom and other rare species harvesting. It will contribute supplies and simple equipment, incubate businesses by providing support on business plan development to accessing markets, and help locals develop business skills including bookkeeping and product marketing.

Omo Biosphere Reserve was designated a Biosphere Reserve by UNESCO in 1977. It comprises over 130,000 hectares and is home to over 5,000 people. Their major economic activities include timber exploitation, fuel wood harvesting, cultivation of arable crops, hunting and fishing. The Shere Hills forest comprises over 35,000 hectares of undulating hills on the Jos Plateau, Nigeria.  It has numerous high peaks, with the highest peak reaching a height of about 1,829 metres above sea level. Currently, both sites are under threat for losses in their biodiversity.  Participatory governance of the ecosystem; improved sustainable livelihoods for local people; and enhanced social, economic and cultural conditions are key to preserving biodiversity and ensuring environmental sustainability. This project and the support by India are, therefore, highly relevant and timely.

The project will be implemented by UNESCO in close collaboration with the Ministry of Environment of Nigeria, the Forestry Research Institute of Nigeria, and the Nigeria MAB National Committee.
Convinced that inter-sectoriality and holistic approaches to development are critical to advance on the SDGs, India is supporting the UN System across its various Agencies, Funds and Programmes. We are pleased to work with UNESCO, and we hope this project a harbinger of more to come.” – affirm H.E. Syed Akbaruddin, Permanent Representative of India to the United Nations in New York.

UNESCO’s expertise in promoting biodiversity-friendly jobs is highly relevant for populations living in rural and protected areas. We are very thankful to the Government of India for its support, which will enable us to expand our support incubating small businesses in bee-keeping, snail rearing, mushroom farming, carbon sequestration in biomass, watershed protection, bioprospecting and/or ecotourism in Nigeria.” commented Mr. Yao Ydo, Regional Director of UNESCO Multisectoral Regional Office Abuja.

The United Nations Office for South-South Cooperation (UNOSSC) is the Fund Manager and Secretariat of the Board of Directors of the India-UN Development Partnership Fund. It supports the work of the Fund through the overall project cycle. Launched in June 2017, it’s project portfolio encompasses 31 projects across Africa, Asia Pacific, Latin America and the Caribbean.

UNESCO

Continue Reading

Latest

South Asia4 mins ago

Pakistan Securing Its Maritime Interest and CPEC

The IOR is a major sea route that unites the Middle East, Africa, and East Asia with Europe and America....

Newsdesk2 hours ago

Making Globalization Work: Climate, Inclusiveness and International Governance Top Agenda of the WEF 2019

The World Economic Forum Annual Meeting 2019 will take place on 22-25 January in Davos-Klosters, Switzerland. The meeting brings together...

Americas4 hours ago

How Has the Purpose(s) of American Higher Education Changed Over Time, and Why?

Initially, universities and colleges have been founded on three central promises such as (a) teaching, (b) public services, and (c)...

Reports6 hours ago

Corporate tax remains a key revenue source, despite falling rates worldwide

Taxes paid by companies remain a key source of government revenues, especially in developing countries, despite the worldwide trend of...

Africa8 hours ago

The Endless Debate about Russia’s Policy in Africa

Early March 2018, Foreign Affairs Minister Sergey Lavrov said in an interview with Hommes d’Afrique magazine that “our African friends...

Science & Technology10 hours ago

Science and society: Mind the gap

International regulations are failing to keep up with the mind-boggling pace of new scientific discoveries and potential “cowboy” applications. As...

Newsdesk12 hours ago

Is Haiti better prepared for disasters, nine years on from the 2010 earthquake?

Half a capital city destroyed, 220,000 reported dead and 1 million residents displaced. This was the toll of the 2010...

Trending

Copyright © 2018 Modern Diplomacy