By Spencer Fields
It’s really quite simple. For the Least Developed Countries (LDCs), “funding is paramount,” to use the succinct summary provided by Pa Ousman Jarju, the Gambian chair of the LDC Group.
The Least Developed Countries have already written their National Adaptation Programmes of Action (NAPAs), comprehensive reports on their projects focused on adaptation to and mitigation of climate change.
They have already prioritized the projects in order to address first those that require urgent and immediate attention. There even already exists a funding mechanism – the UN-created and Global Environment Facility-managed LDC Fund (LDCF) – to provide them with the financial resources they need to implement the projects.
As Jarju pointed out this week at the UN climate talks in Durban, South Africa, all they need now is cash.
Seems straightforward, right? Continue reading