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Green Climate Fund

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Green climate fund to boost climate action programs in Somalia to the tune of 100 million USD

The United Nations-backed Green Climate Fund (GCF), believed to be the world’s largest multilateral climate fund, has committed 100 million U.S. dollars for a climate action investment program in Somalia over the next year. The funds, announced Tuesday in Mogadishu, the capital of Somalia, during a visit by Mafalda Duarte, GCF executive director who led the first-ever GCF delegation to Somalia, will help bolster the country’s climate resilience efforts, according to a statement issued in the Somali capital Tuesday evening. Duarte said Somalia is the second most vulnerable country to climate change in the world, despite contributing only 0.03 percent of total global greenhouse gas emissions, the statement said. “The interlinked impact of climate change and lack of security has had a devastating effect on people, causing some 43,000 excess deaths in 2022 due to drought, displacing more than 6 million people, pushing Somalis away from their homes into overcrowded towns and cities,” Duarte was quoted as saying in the statement. Recurrent drought and regular flooding lead to failed crops, loss of livestock and chronic food insecurity problems in Somalia, she said. “GCF is committed to working with the government of Somalia and its partners to better address the extreme vulnerability the country and its population face,” Duarte said. Duarte said the GCF is ready to commit to a strategy of investments and readiness support of over 100 million dollars to Somalia by mid-2025, as well as a long-term commitment to empower Somalia to develop country-priority projects and subsequent investments. While in Somalia, Duarte met with President Hassan Sheikh Mohamud and other senior government officials, and launched an investment pipeline including a project that will provide affordable, reliable off-grid energy access to unelectrified populations in sub-Saharan Africa. The program prioritizes capital investment and technical support in Somalia, accelerating disbursements of over 3 million dollars for 2024-2025, with funding from the GCF and other funders, the statement said https://www.capitalfm.co.ke/business/2024/03/somalia-to-get-100-mln-usd-from-un-backed-green-climate-fund/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=somalia-to-get-100-mln-usd-from-un-backed-green-climate-fund

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  • mary Mwihaki

    3 w

    This is the best win such amount of money shows how committed the green climate fund members are promoting sustainable energy

    3
    • Saustine Lusanzu

      3 w

      Climate financing is what we need! We need more funds to mitigate the effects of climate change

      2
      • Ann Nyambura

        3 w

        Investing in climate resilience will be essential for Somalia to reduce these impacts and become more adaptable.

        2
        • George Kariuki

          4 w

          So proud to see the GCF stepping up to help! Let's keep supporting countries on the frontlines of climate change. This investment can make a real difference in people's lives.

          5
          • Rukia Ahmed Abdi

            4 w

            That is a good move by the Green Climate Fund. Somalia, faced with political instability, needs such funding and other support programs to keep it in with other nations in the fight against climate change

            6
          • Jane Wangui

            5 w

            This is quite commendable..some help in terms of funds could actually help in putting up better measures to help solve the environmental crisis.

            5
            • Munene Mugambi

              5 w

              We would absolutely love to see this project backed by the Green Climate Fund succeed in Somalia. As a country plagued by many issues, it is imperative to make this a turning point in their history. However, before the implementation of these programs, a solution has to be found on the insecurity challenge facing Somalia, It would be unwise to pour millions of dollars on projects in a country where they may be destroyed or used for the wrong reasons immediately after their completion. It is a responsibility upon us all to ensure the country's stability so as to include them fully in the green agenda.

              7
              • Esther Wanjiku

                4 w

                @munene_mugambi We hope to see Somalia come up with a robust climate plan.

                4
              • johnte ndeto

                5 w

                This support will likely contribute to building resilience, promoting sustainable development, and fostering a greener future for Somalia.

                7
                • Elizabeth Gathigia

                  5 w

                  This is great, it shows Green climate fund commitments in the fight against climate change

                  9
                  • Boniface Kuria

                    5 w

                    The Horn of Africa has always suffered the harshest consequences of climate change. Such investment will go a long way in alleviating the suffering due to climate change.

                    8
                    • Joseph Githinji

                      5 w

                      This is a great win for the environment and a great hoody to Somalia, Green Climate Fund deserves an applause for this major commitment to support climate action.

                      9
                      • Chris Ndungu

                        5 w

                        Allocating such amount of money, shows how committed the Green Climate Fund members are in promoting sustainable energy. Seeing such a prodigious milestone taking place in a country like Somalia is a thumps up effort.

                        16
                        • Esther Wanjiku

                          4 w

                          @chris_ndungu A heavy commitment to enhance Somalia's climate action plan and keep them up to speed with the rest of Africa.

                          2
                        • Rashid Kamau

                          5 w

                          In order to succeed in boosting climate resilience and reducing greenhouse gas emissions,We need all hands on deck.

                          9
                          • walter lungayi

                            5 w

                            The allocation of $100 million by the Green Climate Fund for climate action programs in Somalia signifies a significant step towards addressing climate change impacts and promoting sustainable development in the region.

                            14
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