Donors pledge $413 million to help most vulnerable cope with climate crisis
Submitted by Jean-Jo on 13 November 2021 - 8:39pm
In a show of support for those most at risk from climate change, 12 donor governments have pledged $413 million in new funding for the Least Developed Countries Fund during the COP26 climate summit.
The LDCF, hosted by the Global Environment Facility, is the only dedicated source of climate resilience funds for the 46 Least Developed Countries, which have contributed the least to carbon emissions and face some of the highest risks from the effects of climate change.
The pledges from Belgium, the Belgian region of Walloon, Canada, Denmark, Estonia, France, Germany, Ireland, the Netherlands, Sweden, Switzerland, and the United States were announced in Glasgow, where signatories to the UN Framework Convention on Climate Change are discussing ways to close the climate finance gap and meet the commitments made in the Paris Agreement in 2015.