LDC Portal - International Support Measures for Least Developed Countries - Climate financing

UNCTAD: Launch of the Least Developed Countries Report 2024: Leveraging Carbon Markets for Development

MTAVARES1 — Mon, 04 Nov 2024 14:00:00 +0000

4 November 2024.

Information here: Launch of the Least Developed Countries Report 2024 | UNCTAD

tags:

UNCTAD

Climate change

Climate financing

Carbon markets

From the GEF: GEF Council approves $700M+ for vast environmental needs

MTAVARES1 — Thu, 20 Jun 2024 18:30:00 +0000

20 June 2024: "Focusing on climate change adaption, Council members approved a record $203 million from the LDCF for initiatives across 20 Least Developed Countries, including joint financing with the GEF Trust Fund for the Great Green Wall. The LDCF support will propel efforts to enhance resilience to flooding and drought in Laos and Cambodia; to develop climate-resilient transport infrastructure in Sao Tome and Principe; to support youth- and women-led green enterprises in Chad; to improve food security in Sierra Leone; and to address other urgent needs."

Press release here.

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From the GEF: In good news for adaptation, donors boost support to LDCF and SCCF

MTAVARES1 — Mon, 04 Dec 2023 14:00:00 +0000

4 December 2023.

In a sign of positive momentum for climate change financing, eight donor governments announced new commitments to the Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) and signaled their political support for the unique roles these funds play in addressing climate resilience needs.

Belgium, Canada, France, Germany, Norway, Spain, Sweden, and the United Kingdom announced new pledges totaling $174.2 million for the LDCF and SCCF, which are hosted by the Global Environment Facility. The commitments made at COP28 in Dubai were significantly higher than the amount pledged to the LDCF and SCCF during COP27 in Sharm El-Sheikh last year.

Please see the donor governments’ joint statement for amounts pledged by country.

Full press release here.

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From the GEF: LDCF and SCCF provide new targeted support for vulnerable states

MTAVARES1 — Thu, 29 Jun 2023 19:00:00 +0000

29 June 2023.

The Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) will deploy $63 million in urgent funding for countries on the frontlines of climate change following a meeting of the Global Environment Facility-managed funds in Brazil.

In its 34th meeting, the LDCF/SCCF Council approved six projects to boost climate resilience in countries including Bhutan, Cabo Verde, Comoros, Djibouti, and Zambia, in line with the funds’ strategy to target the unique adaptation needs of Least Developed Countries and vulnerable island nations.

for more information, see the news item here.

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From the GEF: Countries pledge added support to GEF funds for urgent climate adaptation - Least Developed Countries Fund, Special Climate Change Fund target climate-vulnerable states

MTAVARES1 — Tue, 15 Nov 2022 14:00:00 +0000

15 November 2022.

"In an important injection of support to countries facing the worst effects of climate change, eight donor governments pledged new funding for the Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) during the COP27 climate summit and several others backed the funds’ ambitious goals for meeting the most urgent adaptation needs." Full press release here.

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EU cooperation with LDCs/La coopération de l´UE avec les PMA

MTAVARES1 — Wed, 25 May 2022 19:00:00 +0000

Wednesday, 25 May 2022 - 3:00pm

Information here.

On 25 May 2022 from 1500-1630 CEST, ECDPM is organising a virtual panel discussion on a renewed partnership with LDCs : ‘EU cooperation with LDCs’. ECDPM’s Alexei Jones and San Bilal are participating in this event.

Panelists:

– H.E. Teneng Mba Jaiteh, Ambassador of the Gambia to the EU

– Luc Chevaillier, adjoint au sous-directeur du développement, secrétaire des affaires étrangères

– Laura Senett, Policy Specialist, 51�Թ� Capital Development Fund

– Tiina Satuli, Counsellor, Delegation of the EU to the 51�Թ�

– Philippe Latriche, adviser SDGs and Inequalities, European Commission, DG INTPA

– Izabella Toth, Director Institutional Fundraising and Donor Relations at Cordaid

English and French interpretation will be provided for this event.

ECDPM is collaborating with the French presidency of the Council on some of their main priorities for development cooperation. One of their priorities is EU cooperation with LDCs, for which Council Conclusions are foreseen to be adopted at the FAC DEV on 20 May.

In that context, we have recently published a paper with some recommendations for a renewed EU partnership with LDCs. In this paper, we argue that there is a need for a more tailored approach to EU development cooperation and development finance that better addresses the specific needs and overlapping vulnerabilities of LDCs, and that these tailored policies should be accompanied by measures, notably in trade, climate and food security. We believe enhancing policy coherence for development is an essential principle for a renewed cooperation and partnership with LDCs.

The event will be an opportunity to share views and recommendations for the EU and Team Europe on how to strengthen the cooperation with LDCs.

S’inscrire à la la réunion

Le 25 mai 2022, de 15h00 à 16h30 CEST, l’ECDPM organise une table ronde virtuelle sur la “Coopération de l’UE avec les Pays Moins Avancés”. Alexei Jones et San Bilal de l’ECDPM participent à cet événement.

Intervenants:

– H.E. Teneng Mba Jaiteh, Ambassadrice du Gambia auprès de l’UE

– Luc Chevaillier, adjoint au sous-directeur du développement, secrétaire des affaires étrangères

– Laura Senett, Le Fonds d’équipement des Nations Unies

– Tiina Satuli, Delegation de l’UE auprès les Nations Unies

– Philippe Latriche, Conseiller ODD et Inégalités, Commission Européene, DG INTPA

– Izabella Toth, Directrice de la collecte de fonds institutionnelle et des relations avec les donateurs chez Cordaid

Une interprétation anglais-français sera proposée pour cet évènement.

L’ECDPM collabore avec la présidence française du Conseil de l’UE sur certaines de leurs principales priorités en matière de coopération au développement. L’une d’entre elles concerne un partenariat renouvelé avec les PMA, au sujet dequel des conclusions du Conseil devraient être adoptées par les ministres du développement le 20 mai.

Dans ce contexte, nous avons récemment publié un document contenant des recommandations pour un partenariat renouvelé de l’UE avec les PMA. Dans ce document, nous soutenons qu’il est nécessaire d’adopter une approche plus adaptée de la coopération au développement et du financement du développement de l’UE qui réponde mieux aux besoins spécifiques et aux vulnérabilités multiples des PMA, et que ces politiques adaptées devraient être accompagnées de mesures, notamment dans le domaine du commerce, le climat et la sécurité alimentaire. Nous pensons que le renforcement de la cohérence des politiques pour le développement est un principe essentiel pour une coopération et un partenariat renouvelés avec les PMA.

L’événement sera l’occasion de partager des points de vue et des recommandations pour l’UE et Team Europe sur la manière de renforcer la coopération avec les PMA.

tags:

Development cooperation

European Union

Doha Programme of Action (DPOA)

CBAM: revenues to support LDCs in decarbonisation

MTAVARES1 — Wed, 18 May 2022 01:23:00 +0000

17 May 2022. Today the European Parliament's Committee on Environment, Public Health and Food Safety adopted the report on the regulation establishing a Carbon Border Adjustment Mechanism (CBAM). CBAM is seen as a way of preventing "carbon leakage" - that is, the movement of carbon-emitting industries to other countries - as Europe transitions to a lower-carbon economy.

Earlier in the process, an exemption for LDCs had been discussed. This was not included in the report. Instead, the press release states, Members of the European Parliament (MEPs) want the EU to provide financial support to the efforts of LDCs in decarbonising their manufacturing industries, This support must be "at least equivalent in financial value to the revenues generated by the sale of CBAM certificates" (read the EU Parliament's press release and other materials here).

The report is scheduled for a vote at the plenary session on June 6-9. After that, Parliament will start negotiations with member states.

Panel event: The impact of CBAM on poorer countries - Oxfam EU

MTAVARES1 — Tue, 10 May 2022 09:00:00 +0000

Recording: Panel event: The impact of CBAM on poorer countries - YouTube

Panel on the impact of CBAM on poorer countries Tickets, Tue 10 May 2022 at 11:00 | Eventbrite

"The Carbon Border Adjustment Mechanism (CBAM) proposed by the European Commission means companies exporting into the EU must buy a carbon permit reflecting the amount of CO2 emissions in their exported goods. The current proposal must be negotiated between the European Parliament and the Council. Oxfam is concerned about the negative impact that CBAM can have on the poorest countries, if specific measures (such as exemption and additional funds for climate finance), are not put in place. Our speakers Mohammed Chahim, European Parliament Rapporteur for the Carbon Border Adjustment Mechanism File; Tim Gore, Head of the Climate and Circular Economy Programme at Institute for European Environmental Policies; Dimas Sinoia, Research and Project lead at CDD (Centro para Democracia e Desenvolvimento) Mozambique; and Parvin Ngala, Regional Director Horn East and Central Africa at Oxfam International discuss some of the implications of the CBAM on poorer countries and recommendations to the EU."

tags:

Climate change

Climate financing

Trade

Carbon Border Adjustment Mechanism - CBAM

UNCDF events on finance in LDCs at the FFD Forum

MTAVARES1 — Fri, 22 Apr 2022 20:00:00 +0000

During the 2022 ECOSOC Forum on Financing for Development, UNCDF and partners will be holding side-events on Green and Climate Resilience Bonds in LDCs, Guarantee Mechanisms as Catalysts of LDC Structural Transformation and Blended finance in LDCs. More information here and in our events page.

Photo UNCDF/John Rae

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