Climate Adaptation Finance Update: MDBs Approve Projects with Co-benefits

In Afghanistan, a US$71 million project financed by the LDCF, the Asian Development Bank (ADB), the World Bank, the UN Development Programme (UNDP) and the Afghan government, will focus on boosting the climate resilience of women and marginalized groups through measures in four areas: enhancing gender-sensitive disaster risk reduction at the community level; establishing community-based early warning systems; promoting climate-resilient agricultural practices and livelihoods; and working with government institutions at various levels on integrating climate change into planning. According to the UNDP, an estimated 80% of Afghanistan’s economic losses are caused by climate-induced disasters and extreme winters, and 75% of Afghans rely on agriculture for their livelihoods... The Global Environment Facility (GEF) wrote how a project in Liberia, supported by the UNDP and GEF-administered LDCF, which aimed to enhance the climate resilience of vulnerable coastal areas and communities, resulted in the construction of a 600-meter breakwater revetment that has reduced the vulnerability of thousands of families. The project will be replicated in another Liberian coastal community in 2018. [GEF Press Release]

Wednesday 10 January 2018