Posts Tagged LDCF

LDC press release: Quebec has delivered historic, innovative climate finance pledge

Paris, 5 December: Today the Chair of the Least Developed Countries (LDCs) Group welcomed a pledge from the Quebec government of $ CAD 6 million to the Least Developed Countries Fund (LDCF).

The historic and innovative pledge, made by Philippe Couillard, Premier of Quebec, in the presence of Michaëlle Jean, Secretary General of the Francophonie and Vice President Al Gore, has set a new tone for cooperation and innovative climate financing.

Chair of the LDC Group, Mr Giza Gaspar-Martins of Angola said: “This announcement from the Premier of Quebec represents the first significant contribution by a sub-national government to a multilateral climate fund. Changing economic realities provide an opportunity for expanding the donor base, allowing non-state actors, such as the Government of Quebec, to show strong leadership and initiative.”

The pledge will be channelled into the only dedicated climate fund channelling money to adaptation projects for the world’s poorest nations.

The LDCF has an immediate purpose of helping the LDCs urgently adapt to immediate climate change impacts that are happening now – a process known as National Adaptation Programmes of Action (NAPAs).

There are urgent adaptation needs that need to be met and so far this has not been forthcoming, with the NAPAs only securing one fifth of their funding to date through the LDCF. The LDCs welcome this show of climate solidarity from Quebec.

Giza added: “This contribution also raises an opportunity to encourage the role of innovative sources of finance arising from other share of the proceeds. For example the Quebec regional carbon trading scheme, which was a source of revenue for adaptation finance in this case. It shows that this model can work, which is heartening news for the world’s most vulnerable countries.”

For further interviews please contact: ldcchairangola@gmail.com

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Press release: Climate finance pledges clear backlog but urgent adaptation funds needed for 2020 and beyond

Paris, 30 November: The Least Developed Countries (LDC) Group today welcomed funds from donor countries totalling US $248 million, 1 into the only dedicated climate fund channelling money to adaptation projects for the world’s poorest nations.

At a side event at the Paris climate summit2 hosted by the Global Environment Facility (GEF), the body tasked with overseeing the management of the Least Developed Country Fund (LDCF), donor countries pledged desperately needed cash for the long-standing empty fund, which had 35 projects backed up in the pipeline, waiting for about US $255 million worth of resources to be made available.

The amount pledged – while an encouraging step forward in the negotiations – barely covers the outstanding urgent projects.

Leonel Silva, Secretary of State for the Angolan Treasury said: “We acknowledge and express gratitude to the donor community for keeping the LDCF alive, but we hope the new climate agreement will ensure all nations have the same implementation capacity by mobilising all capable donor countries to pledge funds.”

The LDCF has an immediate purpose of helping the LDCs urgently adapt to immediate climate change impacts that are happening now – a process known as National Adaptation Programmes of Action (NAPAs). 3

The Secretary continued: “We recognise the role of bilateral channels for delivering climate finance but our preference is for multilateral channels – that way we stand a better chance of leaving no-one behind,”

There are urgent adaptation needs that need to be met and so far this has not been forthcoming, with the NAPAs only securing one fifth of their funding to date through the LDCF.

Chair of the Least Developed Countries (LDCs) Group, Mr Giza Gaspar-Martins of Angola said: “There are outstanding questions around how the LDCs will finance the emergency climate adaption work between now and 2020, as well as securing the next phase of action currently under discussion at COP21, which covers the period from 2020-30.”

The Paris summit gives countries a much-needed opportunity to address an apparent lack of coherence within the international system to provide finance, particularly when for adaptation projects. Currently the Green Climate Fund (GCF) has resources but no projects, while the LDCF – as demonstrated today – has urgent projects but little financial capacity to support them.

-ENDS-

For interviews please contact: ldcchairangola@gmail.com

NOTES TO EDITORS:

  1. http://www.state.gov/r/pa/prs/ps/2015/11/250132.htm
  2. https://www.thegef.org/gef/node/11534
  3. http://unfccc.int/national_reports/napa/items/2719.php

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New LDC papers on finance and technology

Two new LDC papers on issues related to the UN climate change negotiations are now online for COP 21:

  • LDC perspectives on the future of the Least Developed Countries Fund [Download the PDF]
  • Technology development and transfer, the Least Developed Countries  and the future of the climate regime: Considerations for the post-2020 international response to climate change [Download the PDF]

For all papers in the series visit the LDC paper series page.

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Press release: LDCs concerned by serious funding shortfall and adequacy of global goal

Bonn, 11 June 2015: The UN climate change negotiations in Bonn are ending today, and the Least Developed Countries (LDCs) group remain concerned over the serious funding gap for vital and urgent climate-adaptation projects for the world’s most vulnerable communities. They also express disappointment for a lack of commitment to a more ambitious temperature goal in the context of a new, legally-binding agreement to be adopted in Paris this December.

Last week, the 18th Meeting of the Least Developed Countries Fund (LDCF) Council closed without any new pledges – the first time this has happened since the fund’s inception in 2001.

The Fund remains empty while there is an increasing number of bankable projects ready to be implemented. To date, there are 29 projects approved projects for which the Fund does not have necessary resources.

The LDCF, established to assist the LDCs in implementing their National Adaptation Programs of Action (NAPAs), plays a vital climate finance role as the sole instrument for LDCs. As it stands, the 48 countries hardest hit by climate change and least capable to cope with its effects, face the most challenges in accessing climate finance.

The Chair of the LDC Group at UN climate change negotiations, Mr. Giza Gaspar-Martins of Angola said: Read the rest of this entry »

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LDC Chair’s statement at 46th GEF/LDCF Council Meeting

46th Global Environment Facility/Least Developed Countries Fund Council Meeting

Statement by the Chair of the Least Developed Countries Group 

25-27 May 2014, Cancún, Mexico

Madam Chairperson and Chief Executive Officer,
Council members,
Representatives of GEF Implementing Agencies,
Ladies and gentlemen,

I have the honour to speak on behalf of the Least Developed Countries Group (LDC Group) representing 48 countries that are the most vulnerable to the adverse effects of climate change.

I would like to begin by thanking the CEO and Council members of GEF for their continued dedication to the functioning of the Least Developed Countries Fund (LDCF). As the fund is dedicated to addressing the special needs of the LDCs under the UN Climate Change Convention, the Fund’s smooth operation is of particular importance to the LDCs.

Madam Chairperson, in November 2013, the LDC Group congratulated Equatorial Guinea on submission of its National Adaptation Programme of Action (NAPA). Equatorial Guinea’s submission concludes the NAPA preparation process for all LDC Parties except South Sudan, the newest addition to the LDC category. The LDCs are greatly encouraged by the progress of its members in identifying the urgent and immediate adaptation needs of our vulnerable communities. We now look to GEF to support the full implementation of our NAPAs through the LDCF. Read the rest of this entry »

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LDC group statement at the 37th SBI session

Statement by the Gambia on behalf of the Least Developed Countries Group

The thirty-seventh session of the Subsidiary Body for Implementation (SBI)

27 November 2012, Doha, Qatar

Mr. Chair,

The Gambia has the honour to speak on behalf of the Least Developed Countries (LDC) Group. We would like to express our sincere appreciation to the Government and the People of Qatar for hosting this negotiating session in Doha and for all the excellent arrangements.

Mr. Chair, this thirty-seventh session of the SBI is of paramount importance for the LDC group, as we expect it to conclude several LDCs matters with concrete proposals to be adopted by COP18. Read the rest of this entry »

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LDC group statement to LDCF/SCCF GEF Council Meeting

Statement by Mr. Pa Ousman Jarju the chair of the LDC Group

13th LDCF/SCCF GEF Council Meeting

15 November 2012, Washington, DC

Madam Chairperson

Council members

Representatives of GEF implementing Agencies

Distinguished ladies and gentlemen

It is a pleasure to deliver this opening statement on behalf of the LDC Group in this November gathering.

First of all, I would like to congratulate Dr. Naoko Ishii, the CEO and Chairperson of the GEF for her appointment to this important role. The LDC Group welcomes with enthusiasm your vision for the future of the GEF.

Also, let me express the LDCs’ sincere gratitude to you Council members, for your efforts in the governance of the LDCF: a fund dedicated to providing financial support to the LDCs for addressing the climate change adaptation challenge. Read the rest of this entry »

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