Germany supports developing countries in climate change adaptation #COP23

UN Climate Change Conference #COP23 begins

Bonn: The German government opened the UN Climate Change Conference in Bonn
by announcing an additional 100 million euros to support developing
countries in climate change adaptation. The Federal Environment Ministry
has pledged 50 million euros to the Adaptation Fund and the Federal
Ministry for Economic Cooperation and Development is contributing another
50 million euros to the Least Developed Countries Fund which provides
targeted support in climate change adaptation to the poorest countries.

Federal Environment Minister Barbara Hendricks commented: “With this
pledge of support we are sending a clear signal that Germany stands in
solidarity with those people and countries particularly affected by
climate change. I hope that this pledge will lend good momentum and
inspire a constructive atmosphere for the negotiations. Having contributed
a total of 240 million euros to date, Germany is now the largest donor to
the Adaptation Fund. Our objective is to make the fund an integral part of
the financial architecture of the Paris Agreement.”

Federal Development Minister Dr Gerd Müller stated: “Droughts, cyclones,
floods - developing countries have contributed the least to the problem of
climate change, but they are carrying the heaviest burden. Ongoing global
warming is jeopardising development achievements and is becoming a matter
of survival for these people. With this contribution we are providing
targeted support for the poorest of the poor.”

Together with the 1.5 degree target, financial support and simplified
access to multilateral adaptation finance instruments are the most
important demands being made in negotiations by Fiji, the small island
states and the least developed countries group (LDC).

The Adaptation Fund finances, among others, measures for coastal protection
and switching to new cultivation methods in agriculture and is managed
equally by donor and recipient countries. The fund has launched 67
projects in 63 countries to date with funding of approximately 450 million
US dollars. It is financed by levies on projects on the international
carbon market. Due to the low prices on the carbon market however, these
revenues are considerably lower than expected. In spite of growing needs
and recognised good work by the fund, it is underfinanced and relies on
voluntary contributions such as those made by Germany. The 10th
anniversary of the Adaptation Fund will be celebrated on 16 November in
Bonn in the Old Town Hall.

For more information on the Adaptation Fund please visit
www.adaptation-fund.org

The Least Developed Countries Fund (LDC Fund) finances measures for
adaptation to climate change in the least developed countries which are
particularly vulnerable to the impacts of climate change. The projects
include adaptation measures in the areas of agriculture, development of
climate information systems, coastal zone and disaster risk management,
and health and cultivation of natural resources. For instance, the rural
population in Sierra Leone is being supported in its efforts to deal with
climate risks such as floods. In Nepal, local authorities are being
strengthened in order to adapt agricultural and forestry plans to climate
change and its risks. With a total contribution of 265 million euros,
Germany is the largest donor. The fund has launched 195 projects in 49
countries to date with a funding of around 1.15 billion US dollars.
Approximately two thirds of the funding has been invested in projects in
Africa and a further 30 percent in projects in the Asia-Pacific region.

For more information on the LDC Fund please visit
https://www.thegef.org/topics/least-developed-countries-fund-ldcf
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