Zambia becomes the first country in Africa to host the GCF meeting which will run from Monday to Thursday.

The GCF is a fund within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) founded as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.

Hela Cheikhrouhou, GCF director said it is the first time that her organization is approving potentially concrete projects and programs which would invest in priority areas for action on climate change.

The funds, she said, will start to deliver on its real mandate which is to deliver action on the ground and help create a better future for developing countries.

“We are for the first time ever in the history of the Fund set to approve potentially concrete projects and programs which will invest in our priority areas for action on climate change, energy, land use management and water access among others,” she was quoted as saying by the paper.

“This marks a new page in the history of the Fund; we are starting to deliver on our mandate. That is delivering action on the ground to help create a better future for the developing nations in a carbon neutral and resilient future,” she added.

According to her, countries in sub-Saharan Africa were the most vulnerable to climate change, adding that three out of the eight potential projects were from region and that 80 percent of the investment will go to Least Development Countries, Small Island Developing State’s and other African countries.

She further expressed confidence that the outcome of the board meeting will signal to many countries in the world on how to submit projects to the Fund successfully.

About 300 delegates are expected to attend the GCF board meeting. Enditem

Source: Xinhua


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