BY HEADS OF STATES at COP22
We, Heads of State, Government, and Delegations, gathered in Marrakech, on African soil, for the High-Level Segment of the 22nd Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the 12th Session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol, and the 1st Session of the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement, at the gracious invitation of His Majesty the King of Morocco, Mohammed VI, issue this proclamation to signal a shift towards a new era of implementation and action on climate and sustainable development.
Our climate is warming at an alarming and unprecedented rate and we have an urgent duty to respond.
We welcome the Paris Agreement, adopted under the Convention, its rapid entry into force, with its ambitious goals, its inclusive nature and its reflection of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, and we affirm our commitment to its full implementation.
Indeed, this year, we have seen extraordinary momentum on climate change worldwide, and in many multilateral fora. This momentum is irreversible – it is being driven not only by governments, but by science, business and global action of all types at all levels.
Our task now is to rapidly build on that momentum, together, moving forward purposefully to reduce greenhouse gas emissions and to foster adaptation efforts, thereby benefiting and supporting the 2030 Agenda for Sustainable Development and its Sustainable Development Goals.
We call for the highest political commitment to combat climate change, as a matter of urgent priority.
We call for strong solidarity with those countries most vulnerable to the impacts of climate change, and underscore the need to support efforts aimed to enhance their adaptive capacity, strengthen resilience and reduce vulnerability.
We call for all Parties to strengthen and support efforts to eradicate poverty, ensure food security and to take stringent action to deal with climate change challenges in agriculture.
We call for urgently raising ambition and strengthening cooperation amongst ourselves to close the gap between current emissions trajectories and the pathway needed to meet the long-term temperature goals of the Paris Agreement.
We call for an increase in the volume, flow and access to finance for climate projects, alongside improved capacity and technology, including from developed to developing countries.
We the Developed Country Parties reaffirm our USD $100 billion mobilization goal.
We, unanimously, call for further climate action and support, well in advance of 2020, taking into account the specific needs and special circumstances of developing countries, the least developed countries and those particularly vulnerable to the adverse impacts of climate change.
We who are Parties to the Kyoto Protocol encourage the ratification of the Doha Amendment.
We, collectively, call on all non-state actors to join us for immediate and ambitious action and mobilization, building on their important achievements, noting the many initiatives and the Marrakech Partnership for Global Climate Action itself, launched in Marrakech.
The transition in our economies required to meet the objectives of the Paris Agreement provides a substantial positive opportunity for increased prosperity and sustainable development.
The Marrakech Conference marks an important inflection point in our commitment to bring together the whole international community to tackle one of the greatest challenges of our time.
As we now turn towards implementation and action, we reiterate our resolve to inspire solidarity, hope and opportunity for current and future generations.
BY HEADS OF STATES at COP22
We, Heads of State, Government, and Delegations, gathered in Marrakech, on African soil, for the High-Level Segment of the 22nd Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the 12th Session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol, and the 1st Session of the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement, at the gracious invitation of His Majesty the King of Morocco, Mohammed VI, issue this proclamation to signal a shift towards a new era of implementation and action on climate and sustainable development.
Our climate is warming at an alarming and unprecedented rate and we have an urgent duty to respond.
We welcome the Paris Agreement, adopted under the Convention, its rapid entry into force, with its ambitious goals, its inclusive nature and its reflection of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, and we affirm our commitment to its full implementation.
Indeed, this year, we have seen extraordinary momentum on climate change worldwide, and in many multilateral fora. This momentum is irreversible – it is being driven not only by governments, but by science, business and global action of all types at all levels.
Our task now is to rapidly build on that momentum, together, moving forward purposefully to reduce greenhouse gas emissions and to foster adaptation efforts, thereby benefiting and supporting the 2030 Agenda for Sustainable Development and its Sustainable Development Goals.
We call for the highest political commitment to combat climate change, as a matter of urgent priority.
We call for strong solidarity with those countries most vulnerable to the impacts of climate change, and underscore the need to support efforts aimed to enhance their adaptive capacity, strengthen resilience and reduce vulnerability.
We call for all Parties to strengthen and support efforts to eradicate poverty, ensure food security and to take stringent action to deal with climate change challenges in agriculture.
We call for urgently raising ambition and strengthening cooperation amongst ourselves to close the gap between current emissions trajectories and the pathway needed to meet the long-term temperature goals of the Paris Agreement.
We call for an increase in the volume, flow and access to finance for climate projects, alongside improved capacity and technology, including from developed to developing countries.
We the Developed Country Parties reaffirm our USD $100 billion mobilization goal.
We, unanimously, call for further climate action and support, well in advance of 2020, taking into account the specific needs and special circumstances of developing countries, the least developed countries and those particularly vulnerable to the adverse impacts of climate change.
We who are Parties to the Kyoto Protocol encourage the ratification of the Doha Amendment.
We, collectively, call on all non-state actors to join us for immediate and ambitious action and mobilization, building on their important achievements, noting the many initiatives and the Marrakech Partnership for Global Climate Action itself, launched in Marrakech.
The transition in our economies required to meet the objectives of the Paris Agreement provides a substantial positive opportunity for increased prosperity and sustainable development.
The Marrakech Conference marks an important inflection point in our commitment to bring together the whole international community to tackle one of the greatest challenges of our time.
As we now turn towards implementation and action, we reiterate our resolve to inspire solidarity, hope and opportunity for current and future generations.
BY HEADS OF STATES at COP22
We, Heads of State, Government, and Delegations, gathered in Marrakech, on African soil, for the High-Level Segment of the 22nd Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the 12th Session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol, and the 1st Session of the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement, at the gracious invitation of His Majesty the King of Morocco, Mohammed VI, issue this proclamation to signal a shift towards a new era of implementation and action on climate and sustainable development.
Our climate is warming at an alarming and unprecedented rate and we have an urgent duty to respond.
We welcome the Paris Agreement, adopted under the Convention, its rapid entry into force, with its ambitious goals, its inclusive nature and its reflection of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, and we affirm our commitment to its full implementation.
Indeed, this year, we have seen extraordinary momentum on climate change worldwide, and in many multilateral fora. This momentum is irreversible – it is being driven not only by governments, but by science, business and global action of all types at all levels.
Our task now is to rapidly build on that momentum, together, moving forward purposefully to reduce greenhouse gas emissions and to foster adaptation efforts, thereby benefiting and supporting the 2030 Agenda for Sustainable Development and its Sustainable Development Goals.
We call for the highest political commitment to combat climate change, as a matter of urgent priority.
We call for strong solidarity with those countries most vulnerable to the impacts of climate change, and underscore the need to support efforts aimed to enhance their adaptive capacity, strengthen resilience and reduce vulnerability.
We call for all Parties to strengthen and support efforts to eradicate poverty, ensure food security and to take stringent action to deal with climate change challenges in agriculture.
We call for urgently raising ambition and strengthening cooperation amongst ourselves to close the gap between current emissions trajectories and the pathway needed to meet the long-term temperature goals of the Paris Agreement.
We call for an increase in the volume, flow and access to finance for climate projects, alongside improved capacity and technology, including from developed to developing countries.
We the Developed Country Parties reaffirm our USD $100 billion mobilization goal.
We, unanimously, call for further climate action and support, well in advance of 2020, taking into account the specific needs and special circumstances of developing countries, the least developed countries and those particularly vulnerable to the adverse impacts of climate change.
We who are Parties to the Kyoto Protocol encourage the ratification of the Doha Amendment.
We, collectively, call on all non-state actors to join us for immediate and ambitious action and mobilization, building on their important achievements, noting the many initiatives and the Marrakech Partnership for Global Climate Action itself, launched in Marrakech.
The transition in our economies required to meet the objectives of the Paris Agreement provides a substantial positive opportunity for increased prosperity and sustainable development.
The Marrakech Conference marks an important inflection point in our commitment to bring together the whole international community to tackle one of the greatest challenges of our time.
As we now turn towards implementation and action, we reiterate our resolve to inspire solidarity, hope and opportunity for current and future generations.
MARRAKECH, Morocco (PAMACC News) - The World Bank and Ithmar Capital have announced the creation of the Green Growth Infrastructure Facility, the first green fund dedicated to Africa.
The World Bank Group and Ithmar Capital, have entered into a memorandum of understanding relating to the setting up of a Green Growth Infrastructure Facility for Africa ("GGIF Africa") which primary objective is to catalyse the transition in Africa to a green economy.
The two institutions will be supporting resource efficient, low carbon, inclusive growth within the ecological limits of the planet, clean energy and improved energy access, low carbon transportation and logistics including ICT and efficient utilisation of water resources.
GGIF AFRICA's intermediate objective is to catalyse and leverage private capital flows for investment in efficient, sustainable, low carbon intensity infrastructure in Africa.
World Bank President Dr Jim Yong Kim said climate change is the most significant environmental, economic and social challenges of our time. It poses a substantive threat to the well-being and standard of living today, and for future generations. The COP 22 is mobilising stronger and more ambitious climate action by all Parties and non-Party stakeholders," Kim said.
WB's Climate Change Action Plan focus is on the total resources mobilised and catalysed not only on its own account lending, and adjust internal processes and incentives accordingly.
"Africa has become a "strategic priority for Morocco''. Relying on its growing economy and European proximity, the Kingdom is working towards becoming a competitive African hub.
Morocco is today a key economic and strategic partner for most African economies, as is evidenced by the exponential rise in direct investments in high-value added sectors such as banking, insurance, telecommunications, energy agriculture and social housing," said King Mohammed VI.
He added that as the world mobilises to fight climate change and transition to a green economy, it is clear that available public capital would fall far short of the amount needed to avoid a major rise in temperatures.
"In this context, GGIF Africa would mobilize capital from the private sector, through public-private partnerships ("PPP") structures at GGIF Africa and project's levels. Public financial contributions would be designed to maximize private investment. The main focus for the GGIF Africa would be deployment of private capital for commercially bankable PPPs, and de-risking marginally non-bankable projects to render them viable. Tools may include innovative mechanisms for project preparation and deal structuring, and strategic design of fund and project capital structures," he said.
The World Bank and Ithmar Capital intend to work in close partnership with a broad range of public and private investors, including regional development banks, global and regional institutional investors with the objective to increase private capital participation in green infrastructure investments and achieve resource efficient, low-carbon, low impact and resilient growth in Africa.
Dr Akinwumi Adesina, President of the Africa Development Bank (AfDB) said Africa's infrastructure agenda requires a regional approach as there are a large number of national economies under US$10 billion GDP (31), landlocked countries (15) and trans-boundary rivers (60 basins), and an uneven distribution of natural resources and population centers.
"There are major infrastructure access needs. For example, Africa needs 7,000 MW of new power generation capacity each year, but has been installing only 1,000 MW in recent years.
Less than five percent of agricultural land is irrigated, less than 10 per cent of hydropower potential has been tapped, and only 58 per cent of Africans have access to a clean water source," Adesina said.
