375 million euros to be granted to developing countries to address climate change impacts
hace 10 year
Countries such as the European Union and Germany, as well as other initiatives, announced at COP21 their commitment to the vulnerable populations of Latin American countries, through the financing of programs aimed at reducing losses caused by extreme weather events, including "El Niño".
These important announcements were made as part of the Lima-Paris Action Agenda adopted at COP20, which seeks to make visible the climate commitments of cities, companies and civil society organizations, during the so-called “Day of Resilience” that took place last Wednesday at COP21.
That is why, while negotiations on adaptation continue, the “Lima Paris Action Agenda” shows concrete examples of progress towards a more climate resilient society.
Financing in the face of “El Niño”. The European Union will mobilize 125 million euros for countries affected by the “El Niño” phenomenon. This funding will cover emergency actions in affected countries in Africa and Latin America and the Caribbean, and will enable the development of early warning mechanisms for climate events, provide economic insurance for the risks faced, as well as build or adapt resilient infrastructure.
Access to insurance in 5 years. 150 million to the G7 InsuResilience initiative, with which 400 million vulnerable people will benefit from access to insurance against climate events over the next five years. Coverage will be provided in the most vulnerable societies in Africa, Latin America and the Caribbean.
Financing disaster prevention. On the other hand, some US$100 million per year by 2020 would be mobilized by the Climate Risk and Early Warning Systems (CREW) initiative to implement early warning systems.
This would make it possible to prevent climate disasters and take measures to save thousands of lives in more than 50 “least developed” countries and small island states. However, France's development minister, Annick Girandin, reminded that while CREW is about saving lives, prevention is always the least costly solution.
A lot of effort pending. A representative of UN Secretary General Ban Ki Moon said on his behalf that “while we welcome these initiatives, we need to do more, scale up our actions and join our individual forces.
The spokesperson mentioned that “It is in that spirit that the UN's Anticipate, Absorb, Reshape (A2R) initiative was created to include everyone in our resilience efforts. Thus, this collaborative platform will seek to anticipate disasters, absorb damage, and reshape development to reduce climate risks.“
What does resilience mean?
Resilience is the ability of populations and ecosystems to adapt to the impacts of climate change. Resilient societies and economies suffer less and recover faster from floods, droughts and other climate events.
Millions of people around the world are impacted each year by external weather events such as droughts, floods, heat waves, which cause changes in their livelihoods, according to the United Nations Framework Convention on Climate Change.
In addition, “One out of every three dollars invested in development has been lost in the last 30 years as a result of this type of recurring climate crisis, a loss that currently represents $3.8 trillion,” said a representative of the Rockefeller Foundation.
Source: ConexiónCOP
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