Countries Pledge Added Support to GEF Funds for Urgent Climate Adaptation

Announcing a total of $105.6 million in new funding, Denmark, Finland, Germany, Ireland, Slovenia, Sweden, Switzerland, and the Walloon Region of Belgium, stressed the need for even more support for the Global Environment Facility funds targeting the immediate climate adaptation needs of low-lying and low-income states. The GEF programming strategy for the next four years anticipates that the LDCF will provide between $1 billion and $1.3 billion for Least Developed Countries and that the SCCF will provide between $200 million to $400 million for Small Island Developing States and other climate-vulnerable developing states. Global Environment Facility (GEF) announced the allocation of 70.6 million USD to the Least Developed Countries Fund (LDCF) and 35.0 million USD to the Special Climate Change Fund (SCCF). Additional countries expressed their strong political support to the two funds, with several in the process of securing resources.