|Sadc supports Namibia’s bid to host climate secretariat|
|Thursday, 14 June 2012 12:48|
The Southern African Development Community (Sadc) has endorsed a bid by Namibia to host the secretariat for the Green Climate Fund.
The fund, established in December 2011 at Durban, South Africa, during the 17th Conference of the Parties (COP17) to the United Nations Framework Convention on Climate Change (UNFCC), seeks to support climate change mitigation and adaptation actions in developing countries.
A total of six countries have expressed interest in hosting the fund. These are Mexico (North America), Republic of Korea (Asia), and Germany, Poland and Switzerland (all from Europe).
The decision on the host country is expected to be made later this year and presented for endorsement at the forthcoming climate change conference set for Doha, Qatar, in December. Currently, the provisional secretariat of the fund is in Bonn, Germany.
The leaders agreed to lobby the African Union to support Namibia and ensure that the African continent has a sole candidate.
Seychelles Foreign Affairs Minister Jean-Paul Adam has said Namibia was an ideal candidate for the fund as a number of middle-income small countries are often excluded from climate change funding that is allocated to traditional funding institutions because of their relatively high per capita gross domestic product.
This pro-active approach may include intensifying efforts to access the fund through jointly identifying projects that would be suitable for financing. Research has shown that most financiers tend to favour regional projects compared to individual country projects as joint projects have wider impact and promote regional integration.
The fund is expected to promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change.
The board of the Green Climate Fund consists of 24 members, with equal representation of developing and developed countries, and will be supported by an independent secretariat to administer the funds. The World Bank would serve as interim trustee for the first three years. The establishment of the Green Climate Fund was initiated at the 2010 climate change conference held in Cancun, Mexico. — sardc.net