UN launches initiative to build climate resilience of world’s most vulnerable countries
Dec 1, NY: On the opening day of the United Nations climate change conference (COP21), dozens of announcements were made in Paris by Governments and leaders of the public and private sectors, all aiming to generate climate solutions and build a sustainable future.
A new initiative to build climate resilience in the world’s most vulnerable countries was launched by Secretary-General Ban Ki-moon and 13 agencies of the UN system.
“Three out of four humanitarian disasters are now climate-related,” Ban said at a High-level meeting on climate resilience at the Paris-Le Bourget site, COP21’s main venue.
According to the UN, the new initiative – called ‘Anticipate, Absorb, Reshape’ – will strengthen the ability of countries to anticipate hazards, absorb shocks, and reshape development to reduce climate risks.
It is expected to help address the needs of the nearly 634 million people, or a tenth of the global population who live in at-risk coastal areas just a few meters above existing sea levels, as well as those living in areas at risk of droughts and floods. The world is now experiencing a strong El Niño event, which could place as many as 4.7 million people at risk from drought in the Pacific alone.
Over the next five years, the Initiative is set to mobilize financing and knowledge; create and operationalize partnerships at scale, help coordinate activities to help reach tangible results, catalyze research, and develop new tools.
In addition, the World Bank announced it has been working with four European countries – Germany, Norway, Sweden, and Switzerland – to set up a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change.
The initiative, called the Transformative Carbon Asset Facility, will reportedly help developing countries implement their plans to cut emissions by working with them to create new classes of carbon assets associated with reduced greenhouse gas emission reductions, including those achieved through policy actions.
Twenty countries, all of them major economies, launched Mission Innovation, a landmark commitment to dramatically accelerate public and private global clean energy innovation, including doubling their current investments in the sector.
The Oslo Times