Photo: Jeff J Mitchell / Getty Images
By: EFE
Friday, October 25
Twelve nations at COP26 commit to award $ 413 million to least developed countries
A group of twelve Western governments have pledged $ 413 millions of dollars to contribute to climate resilience through the Least Developed Countries Fund (LDCF, in English), was reported this Tuesday at the COP climate summit 26.
The governments of Canada, Denmark, Estonia, France, Germany, Ireland, Netherlands, Sweden, USA ., Switzerland, Belgium and the Belgian region of Wallonia contribute to this funding, which is managed by the Global Environment Facility (GEF).
According to a statement, the LDCF is the only source of funds for the climate resilience of the 46 least developed countries of the world.
Netherlands will raise by 25 additional million euros your current contribution to the fund of 55 millions; US will provide 26 million dollars, and Sweden has committed for this year 15 million dollars, although it will raise the figure by 2022, among other announcements.
“I am delighted with the great show of support for the LDCF, which stands out as a source of support for the world’s most vulnerable countries. Today’s commitments will make an immediate difference where the risks of climate change are greatest “, said the president of the GEF, Carlos Manuel Rodríguez.
For Rodríguez, we must increase those funds to “close the climate gap” and meet the Paris Agreement goal of increasing the resilience of all countries .
From 2001, the LDCF has allocated 1, 700 million dollars to projects to reduce climate vulnerability of more than 54 million people in the most disadvantaged countries , according to the note.
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