30 July - 5 August 2012 - orsam
30 July - 5 August 2012 - orsam
30 July - 5 August 2012 - orsam
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African States Mull National Umbrella Funds to Deal With Climate Change<br />
nairoBi, Kenya — Countries in southern and eastern Africa are considering establishing national<br />
umbrella funds to support high-impact interventions that combat the effects of climate change.<br />
At a sub-regional workshop on climate finance held in Nairobi last week, government officials from<br />
the regions endorsed creation of national basket funds to help countries manage droughts, floods and<br />
habitat loss.<br />
The Nairobi climate finance forum was organized by the Common Market for East and Southern<br />
African States (COMESA) in partnership with bilateral donors, UN agencies, local private sector<br />
businesses and farmers‘ groups.<br />
Participants discussed the types of financing mechanisms countries in Sub-Saharan Africa will have<br />
to adopt to prevent social, economic and ecological disturbances.<br />
Climate change remains a huge threat to sustainable development in Africa, but most countries on the<br />
continent have limited financial and technical capacity to address the challenge.<br />
Ali Mohammed, permanent secretary at Kenya‘s Ministry of Environment and Mineral Resources,<br />
said southern and eastern Africa were the epicenters of climate change‘s devastating effects.<br />
―In 2011, several countries in the arid and semi-arid lands of Eastern Africa experienced some of the<br />
worst climate impacts in 60 years. Widespread drought resulted in food and water insecurity,<br />
conflicts and livelihood challenges,‖ he said.<br />
Mohammed said that the 2011 drought highlighted the need to apply ecosystem-based approaches to<br />
climate change adaptation, including sound management of trans-boundary waters.<br />
African countries should mobilize domestic and external finances for projects dealing with smart<br />
agriculture, reforestation and water management, he said.<br />
Kenya has adopted a national climate change strategy ―that stress[es] the need to finance<br />
interventions that would shield populations from severe droughts and floods,‖ he added.<br />
Sonnyboy Shongwe a COMESA climate specialist, urged African governments to partner with the<br />
private sector to establish innovative financing mechanisms.<br />
―There is a need to create an umbrella climate fund to help implement adaptation and mitigation<br />
projects in agriculture, water, energy and forestry,‖ Shongwe told OOSKAnews.<br />
Within these funds, both the government and the private sector would contribute resources to help<br />
combat climate change, he said.<br />
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