A Commonwealth facility designed to assist smaller and more vulnerable countries tackle the damaging effects of climate change has helped them access USD 27 million of funding.
The figure marks a milestone for the Commonwealth Climate Finance Access Hub and is more than 35 times the original start-up investment of AUD 1 million from Australia. A further almost half billion USD has been applied for and is in the pipeline for climate action projects across the Commonwealth.
Secretary-General Patricia Scotland has described the initiative, which is currently managing 50 projects in 10 Commonwealth developing countries, as a “lifeline for the small and vulnerable”.
She said: “There is a relentless assault from climate change on countries in every region of our Commonwealth. Again and again media headlines have been dominated with strong adjectives such as “apocalyptic”, “record-breaking”, “monstrous” and “life-changing” when describing the cyclones and hurricanes, sea-level rises, and scorching droughts which are claiming lives and livelihoods, destroying homes and diverting countries from their development pathways.”
Hosted by the government of Mauritius, the Hub was created following the findings and recommendations of a 2013 Commonwealth Expert Group on accessing climate finance. In 2015 leaders endorsed the initiative in their joint statement.
