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Canada pledges $228.79m to advance climate action

IANS  |  Da Nang (Vietnam) 

In a major commitment to advance climate action in developing countries, has pledged $228.79 million towards the new investment cycle of the Facility (GEF).

announced Canada's pledge for the fiscal 2018-2019 through 2022-2023 to the seventh replenishment of the

A strong supporter of the and also its sixth-largest donor, reiterated its climate pledge at the Sixth Assembly here in Vietnam, the GEF secretariat said on Thursday.

Developing countries constantly face the destabilising effects of climate change, with women and children facing disproportionate challenges, the said in a statement.

Collaboration and partnerships between governments, global institutions, non-governmental and local organisations, as well as the private sector are key to moving forward on climate action.

is committed to these efforts to empower the most at-risk communities to better adapt and mitigate the harmful impacts of a changing climate, it said.

Canada, through the GEF, works with partners to and to support sustainable development, including poverty reduction and gender equality.

The GEF is the single-largest source of funding and a catalyst for action on the

It funds programmes that have brought sustainable land management, benefiting smallholder farmers; provides biodiversity protection and planning for productive terrains and water bodies; and have protected river and lake basins, groundwater basins and large marine ecosystems.

GEF told the opening session of its two-day on Wednesday that humans must transform their key and move to a circular economy to restore the ecosystems.

"Every day we are receiving wake-up calls from nature; massive loss of forests and lands, species being lost, pollution of air and water. And we are suffering from increasingly visible impacts of climate, coastal cities such as Da Nang are vulnerable, and so are small islands states."

The GEF was created in 1991 ago to help fight against these threats, she added.

Its assembly is the governing body of the GEF, a mechanism to provide grants for projects, and is composed of all 183 member countries.

Since the GEF was established, the initiatives it funded have reduced by 2,700 megatonnes and introduced more than 50 climate-friendly technologies, leading to energy efficiency, and sustainable urban transport.

The met two months after governments, in a demonstration of confidence, approved a $4.1 billion replenishment of its new four-year investment cycle, known as

(is in Da Nang for the Internews' Earth Journalism Network Biodiversity Fellowship Programme at the Sixth (GEF) Assembly. He can be reached at vishal.g@ians.in)

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 28 2018. 11:32 IST
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