The Canadian International Development Agency (CIDA) is making its most dramatic contribution toward fighting environmental degradation around the world through its Multilateral Programs Branch.
The Government of Canada has committed about $238 million to the Global Environment Facility (GEF) between 2010 and 2014, upping its contribution of $158.9 million over the previous four years by at least 50 percent. When that commitment was made in May 2010, the Canadian Coalition on Climate Change and Development gave its stamp of approval as representing Canada’s “fair share” of the world’s Copenhagen Climate Change Conference pledge to help developing countries reduce harmful atmospheric emissions and adapt to climate change.
“With increasing threats from climate change, pollution and shrinking biodiversity, GEF is helping developing countries to meet the world’s goals for development, climate protection and the conservation of natural resources,” says Bev Oda, Minister of International Cooperation. “This funding will enable countries to better adapt to the adverse effects of climate change and support Canada’s efforts to build the agricultural sector underlying the food-security needs in these countries.”
In most cases, GEF is supporting projects through grants and leveraging co-financing. However, many GEF projects include a range of components, such as investment, technical assistance, establishment of funds and risk management. Twenty-eight developing countries are being funded for climate-change initiatives, from the very large, such as Bangladesh, India and Indonesia, to small island states like the Maldives, whose very existence is threatened by rising ocean levels caused by climate change.
Fast-start financing will help developing countries not only implement projects for reduction and adaptation between now and 2012 but prepare for sustained implementation in the future. Fast-start finance is thus often referred to as enabling “readiness” for the post-2012 period. It will also provide lessons for finance over the longer term. Approximately US$30 billion has been committed by 21 donors for the 2010-14 period.
This piece describes ‘No Time to Recover’, a film created by Save the Children UK and CARE International. Users can click to view the video, which addresses Ethiopia’s Borana and Somalia pastoralist communities’ challenge to adapt to climate change.