Importance of Financing Climate Change Adaptation

Posted on 09 December 2011 by admin

Zukiswa Zimela spoke to MARCIA LEVAGGI, manager of the Adaptation Fund Board

DURBAN, South Africa, Dec 9 (IPS) - The issue of money is still a substantial part of the negotiations at 17thConference of Parties in Durban, South Africa. IPS spoke to Marcia Levaggi, manager of the Adaptation Fund Board, on the importance of ensuring that developing countries have the funds to deal with the effects of climate change.

Marcia Levaggi, manager of the Adaptation Fund Board. Credit: Zukiswa ZImela/IPS

 

The Adaptation Fund was established by the Parties to the Kyoto Protocol of the United Nations Framework Convention on Climate Change. Its aim is to finance adaptation projects and programmes in developing countries.

Q: Talks in the previous COP’s tended to focus on mitigation but now increasingly the conversation is about mitigation and adaptation. Why is it important that developed countries have finance for adaptation plans?

A: First of all adaptation is one of the most pressing needs of developing countries to adapt to climate change. There are things that won’t change. Already the climate globally has changed and that has created difficult conditions for developing countries. There are new conditions in agriculture, there are droughts and food security is threatened. So it is important to address those issues and help those countries.

Q: One of the things stalling establishment and implementation of the Green Climate Fund is the question of where the almost 100 billion dollars per year needed by developing countries will come from?

A: The money comes from the two percent levy on the shares of the Clean Development Mechanism (CDM). That is an innovative feature of the fund, because it’s a tax on international corporations. We have also received some contributions from developed countries, namely Spain, Sweden and Germany, but our main source remains from the proceeds of the CDM.

Q: Can you give me an example of some projects that have been funded by the Adaptation Fund.

A: The Adaptation Fund started funding projects last year in September and in one year of operation it has funded eleven projects some in Mauritius, Senegal and Eritrea. The project in Senegal is a project about coastal protection. In South Africa we are working the South African National Biodiversity Institute we have heard that they are getting ready to submit a proposal.

Q: The Adaptation Fund relies on agreements made in the Kyoto Protocol. Other countries like Canada, Russia and Japan have already said that they are not going to be signing on for a second commitment period. What will this mean for you in terms of finance?

A:  Well I don’t know, but the situation will not get better if there are no clear signals after this meeting. We really plead with international community to strive for an agreement in Durban to help those countries. (END)

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