BAKU, Azerbaijan (PAMACC News) - The Fund for responding to Loss and Damage is now ready to accept contributions after the signing of key documents. The Fund will serve as a lifeline by providing critical and urgent support for those impacted by the devastating consequences of climate change. With this important milestone reached, the Fund is now expected to start financing projects in 2025. 
A ceremony at COP29 in Baku celebrated the signing of the Trustee Agreement and the Secretariat Hosting Agreement between the Board of the Fund for responding to Loss and Damage and the World Bank, as well as the Host Country Agreement between the Fund Board and the Fund Board’s host country, the Republic of the Philippines. The Presidency is working with all countries that have pledged money to complete their contribution agreements as soon as possible. 
At the November 12 event, Sweden pledged 200M kr (approximately $19M) to the Fund, subject to government approval. This significant contribution brings the total pledged funding to more than $720M. The COP29 Presidency thanked Sweden for answering the call to action and continues to urge further pledges to the Fund to better meet the needs of communities on the frontlines of climate change. 
Loss and damage has been a key priority in the COP29 Presidency’s plan to enhance ambition and enable action. The Presidency has pushed for progress across all parts of the loss and damage landscape throughout the year. 
Today’s vital win for climate vulnerable communities is the result of years of work across borders and organizations. Parties made significant progress at COP27 in Egypt and COP28 in the UAE by establishing and providing for the operationalization of the Fund. This year, the COP29 Presidency has worked intensively with the Fund Board and the World Bank, alongside donor countries, to complete the preparations for today’s breakthrough. This includes hosting the third meeting of the Fund Board in Azerbaijan in September, where significant progress was made to operationalize the Fund, laying the groundwork for disbursing the much-needed financial support starting in 2025. The selection of Ibrahima Cheikh Diong as the Fund’s Executive Director further enhanced the institutionalization of the Fund. 
These developments will build momentum as Parties work to reach a balanced package of outcomes at COP29. 
“This progress will allow us to finally turn pledges into real support. That means that funding will be able to flow in 2025. We should reflect on what this breakthrough will mean for real people. It means houses being rebuilt, people being resettled, and lives and livelihoods saved,” said COP29 President Mukhtar Babayev. “But our work is not done. Now, the Fund needs to identify projects to get support flowing. All countries that have pledged money must complete their contribution agreements. And we need more pledges so we can meet the urgent needs of climate change victims.” 
“Today demonstrated again the power of global solidarity in advancing climate action. We must keep the momentum to ensure that the Fund reaches countries in need with urgency,” said Ibrahima Cheikh Diong, Executive Director of the Fund for responding to Loss and Damage. “We look forward to a fruitful COP29 that will propel our work even further,” he concluded. 
World Bank Group President Ajay Banga said, “The Loss and Damage Fund is crucial because it provides financial support to vulnerable countries facing the most severe impacts of climate change. The World Bank is proud to have done its part, with an urgency that meets the moment.” 
Today’s event was attended by COP29 President Mukhtar Babayev, UN Climate Change Executive Secretary Simon Stiell, Executive Director of the Fund for responding to Loss and Damage Ibrahima Cheikh Diong, Senior Managing Director of the World Bank Axel van Trotsenburg, Vice President of Development Finance of the World Bank Akihiko Nishio, and representatives of Parties and of the COP27 and COP28 Presidencies. COP29 Lead Negotiator Yalchin Rafiyev delivered concluding remarks. 
BAKU, Azerbaijan (PAMACC News) - The Fund for responding to Loss and Damage is now ready to accept contributions after the signing of key documents. The Fund will serve as a lifeline by providing critical and urgent support for those impacted by the devastating consequences of climate change. With this important milestone reached, the Fund is now expected to start financing projects in 2025. 
A ceremony at COP29 in Baku celebrated the signing of the Trustee Agreement and the Secretariat Hosting Agreement between the Board of the Fund for responding to Loss and Damage and the World Bank, as well as the Host Country Agreement between the Fund Board and the Fund Board’s host country, the Republic of the Philippines. The Presidency is working with all countries that have pledged money to complete their contribution agreements as soon as possible. 
At the November 12 event, Sweden pledged 200M kr (approximately $19M) to the Fund, subject to government approval. This significant contribution brings the total pledged funding to more than $720M. The COP29 Presidency thanked Sweden for answering the call to action and continues to urge further pledges to the Fund to better meet the needs of communities on the frontlines of climate change. 
Loss and damage has been a key priority in the COP29 Presidency’s plan to enhance ambition and enable action. The Presidency has pushed for progress across all parts of the loss and damage landscape throughout the year. 
Today’s vital win for climate vulnerable communities is the result of years of work across borders and organizations. Parties made significant progress at COP27 in Egypt and COP28 in the UAE by establishing and providing for the operationalization of the Fund. This year, the COP29 Presidency has worked intensively with the Fund Board and the World Bank, alongside donor countries, to complete the preparations for today’s breakthrough. This includes hosting the third meeting of the Fund Board in Azerbaijan in September, where significant progress was made to operationalize the Fund, laying the groundwork for disbursing the much-needed financial support starting in 2025. The selection of Ibrahima Cheikh Diong as the Fund’s Executive Director further enhanced the institutionalization of the Fund. 
These developments will build momentum as Parties work to reach a balanced package of outcomes at COP29. 
“This progress will allow us to finally turn pledges into real support. That means that funding will be able to flow in 2025. We should reflect on what this breakthrough will mean for real people. It means houses being rebuilt, people being resettled, and lives and livelihoods saved,” said COP29 President Mukhtar Babayev. “But our work is not done. Now, the Fund needs to identify projects to get support flowing. All countries that have pledged money must complete their contribution agreements. And we need more pledges so we can meet the urgent needs of climate change victims.” 
“Today demonstrated again the power of global solidarity in advancing climate action. We must keep the momentum to ensure that the Fund reaches countries in need with urgency,” said Ibrahima Cheikh Diong, Executive Director of the Fund for responding to Loss and Damage. “We look forward to a fruitful COP29 that will propel our work even further,” he concluded. 
World Bank Group President Ajay Banga said, “The Loss and Damage Fund is crucial because it provides financial support to vulnerable countries facing the most severe impacts of climate change. The World Bank is proud to have done its part, with an urgency that meets the moment.” 
Today’s event was attended by COP29 President Mukhtar Babayev, UN Climate Change Executive Secretary Simon Stiell, Executive Director of the Fund for responding to Loss and Damage Ibrahima Cheikh Diong, Senior Managing Director of the World Bank Axel van Trotsenburg, Vice President of Development Finance of the World Bank Akihiko Nishio, and representatives of Parties and of the COP27 and COP28 Presidencies. COP29 Lead Negotiator Yalchin Rafiyev delivered concluding remarks. 

NAIROBI, Kenya (PAMACC News) - Kenya is one of the African countries that are keen on implementation of the Nationally Determined Contributions (NDC) with a hope of reducing the greenhouse gas emission by 32% come the year 2030 compared to the business-as-usual scenario

The NDCs are the climate action plans and commitments by individual countries under the Paris Agreement on climate change. The main aim is to reduce greenhouse gas emissions from the atmosphere, while adapting to the impacts of the changing climatic conditions.

In Kenya, the NDC is extremely important because the country’s economy is deeply intertwined with climate-sensitive sectors such as agriculture, tourism, and energy. Prolonged droughts, erratic rainfall, and rising temperatures have significantly affected crop production, food security, and livelihoods, particularly among the rural population.

“In this country, climate change is estimated to cost between 3% to 5% of GDP annually – this really hampers us and makes it difficult for the country to take the opportunity to give its citizens the services they require,” said Michael Okumu of the Ministry of Environment and Forestry Climate Change Directorate during a workshop a UNDP in Nairobi.

So far, Kenya has developed several policies that will be instrumental in implementation of the NDC. The National Climate Change Action Plan (NCCAP) III 2023 – 2027 for example, is the third five-year plan that presents the detailed priority actions that Kenya will embark on to address climate change in the medium-term planning period and contribute to the achievement of our NDC under the Paris Agreement.

According to President William Ruto, the government of Kenya is keen to continue implementing the Climate Change Act (No. 11 of 2016), which provides the framework for compliance with the Paris Agreement, and Kenya’s (2020) updated NDC.

“The Climate Change Act is central to our climate actions at both the national and county government levels,” said President Ruto in a statement. “It is important to note the progress made by county governments in the last five years in the enactment of county-level climate legislation that establishes Climate Change Funds and ward climate change committees, and provides for allocation of a minimum percentage of development budgets to finance locally-led climate actions,” he said.

The National Adaptation Plans (NAP) is another policy instrument that seeks to identify medium- and long-term adaptation needs, informed by the latest climate science.

Kenya’s NAP process objectives are to highlight the importance of adaptation and resilience building actions in development, and to integrate climate change adaptation into national and county level development planning and budgeting processes.

The process is also used to enhance the resilience of public and private sector investment in the national transformation, economic and social and pillars of Vision 2030 to climate shocks, to enhance synergies between adaptation and mitigation actions in order to attain a low carbon climate resilient economy, and as well to enhance resilience of vulnerable populations to climate shocks through adaptation and disaster risk reduction strategies.

According to the UNDP, countries can utilize the NAP process and its outcomes to update and improve the adaptation elements of the NDC, which is a central part of the Paris Agreement.

Through Kenya’s NDC document which was submitted to the UN on 28th December 2020, the country seeks to abate greenhouse gas emissions by 32% by 2030.

The country also aims to ensure an enhanced resilience to climate change towards the attainment of Vision 2030 by mainstreaming climate change adaptation into the Medium-Term Plans (MTPs) and County Integrated Development Plans (CIDPs) and implementing adaptation actions.

Kenya is committed to enhancing its adaptation ambition by committing to bridging the implementation gaps which include enhance uptake of adaptation technology especially among women, youth and other vulnerable groups, while incorporating scientific and indigenous knowledge, as well as strengthening tools for adaptation monitoring, evaluation and learning at the national and county levels, including non-state actors.

The country also seeks to enhance generation, packaging and widespread uptake and use of climate information in decision making and planning across sectors and county level with robust early warning systems, and through exploring innovative livelihood strategies for enhancing climate resilience of local communities through financing of locally-led climate change actions.

However, according to Hillary Korir, of the National Treasury, Kenya, NDC is ambitious and will require significant amounts of funding.  So far, the country does not have a dedicated budget for climate change.

He noted that there was lack of unified approach for tracking & reporting of climate finance flows, and that there was need for capacity to originate and design innovate climate change related proposals.

NAIROBI, Kenya (PAMACC News) - Kenya is one of the African countries that are keen on implementation of the Nationally Determined Contributions (NDC) with a hope of reducing the greenhouse gas emission by 32% come the year 2030 compared to the business-as-usual scenario

The NDCs are the climate action plans and commitments by individual countries under the Paris Agreement on climate change. The main aim is to reduce greenhouse gas emissions from the atmosphere, while adapting to the impacts of the changing climatic conditions.

In Kenya, the NDC is extremely important because the country’s economy is deeply intertwined with climate-sensitive sectors such as agriculture, tourism, and energy. Prolonged droughts, erratic rainfall, and rising temperatures have significantly affected crop production, food security, and livelihoods, particularly among the rural population.

“In this country, climate change is estimated to cost between 3% to 5% of GDP annually – this really hampers us and makes it difficult for the country to take the opportunity to give its citizens the services they require,” said Michael Okumu of the Ministry of Environment and Forestry Climate Change Directorate during a workshop a UNDP in Nairobi.

So far, Kenya has developed several policies that will be instrumental in implementation of the NDC. The National Climate Change Action Plan (NCCAP) III 2023 – 2027 for example, is the third five-year plan that presents the detailed priority actions that Kenya will embark on to address climate change in the medium-term planning period and contribute to the achievement of our NDC under the Paris Agreement.

According to President William Ruto, the government of Kenya is keen to continue implementing the Climate Change Act (No. 11 of 2016), which provides the framework for compliance with the Paris Agreement, and Kenya’s (2020) updated NDC.

“The Climate Change Act is central to our climate actions at both the national and county government levels,” said President Ruto in a statement. “It is important to note the progress made by county governments in the last five years in the enactment of county-level climate legislation that establishes Climate Change Funds and ward climate change committees, and provides for allocation of a minimum percentage of development budgets to finance locally-led climate actions,” he said.

The National Adaptation Plans (NAP) is another policy instrument that seeks to identify medium- and long-term adaptation needs, informed by the latest climate science.

Kenya’s NAP process objectives are to highlight the importance of adaptation and resilience building actions in development, and to integrate climate change adaptation into national and county level development planning and budgeting processes.

The process is also used to enhance the resilience of public and private sector investment in the national transformation, economic and social and pillars of Vision 2030 to climate shocks, to enhance synergies between adaptation and mitigation actions in order to attain a low carbon climate resilient economy, and as well to enhance resilience of vulnerable populations to climate shocks through adaptation and disaster risk reduction strategies.

According to the UNDP, countries can utilize the NAP process and its outcomes to update and improve the adaptation elements of the NDC, which is a central part of the Paris Agreement.

Through Kenya’s NDC document which was submitted to the UN on 28th December 2020, the country seeks to abate greenhouse gas emissions by 32% by 2030.

The country also aims to ensure an enhanced resilience to climate change towards the attainment of Vision 2030 by mainstreaming climate change adaptation into the Medium-Term Plans (MTPs) and County Integrated Development Plans (CIDPs) and implementing adaptation actions.

Kenya is committed to enhancing its adaptation ambition by committing to bridging the implementation gaps which include enhance uptake of adaptation technology especially among women, youth and other vulnerable groups, while incorporating scientific and indigenous knowledge, as well as strengthening tools for adaptation monitoring, evaluation and learning at the national and county levels, including non-state actors.

The country also seeks to enhance generation, packaging and widespread uptake and use of climate information in decision making and planning across sectors and county level with robust early warning systems, and through exploring innovative livelihood strategies for enhancing climate resilience of local communities through financing of locally-led climate change actions.

However, according to Hillary Korir, of the National Treasury, Kenya, NDC is ambitious and will require significant amounts of funding.  So far, the country does not have a dedicated budget for climate change.

He noted that there was lack of unified approach for tracking & reporting of climate finance flows, and that there was need for capacity to originate and design innovate climate change related proposals.

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