April 20, 2024


We Digest News to tell the Truth

Rwanda hosts the 3rd East Africa Climate Finance Director Level Meeting

Kigali, Rwanda – February 20, 2024. Climate change continues to be a challenge globally and therefore several of the East African countries will convene in Kigali for the 3rd East Africa Climate Finance Director Level Meeting (EACFDLM) to discuss strategies for climate financing for the region. Organized by the Ministry of Finance, Planning, and Economic Development (MoFPED) Uganda, in partnership with the Global Green Growth Institute (GGGI), and funded by the Foreign, Commonwealth and Development Office (FCDO), this meeting will bring together delegates from Rwanda, Burundi, Democratic Republic of Congo, Kenya, Tanzania, South Sudan, Uganda, and Somalia and regional partners like East African Community (EAC) secretariat, the African Development Bank (AFDB), East African Development Bank (EADB), and the African Union (AU), among others.

The primary objective of the meeting will be to facilitate discussions among the East African countries and regional partners to report on the progress made since the 2nd meeting that was held in September last year and share actions that provide a comparative advantage in positioning the regional partners for enhanced access to climate finance that supports effective climate action.

The East African Community (EAC) developed a comprehensive ten-year Climate Finance Access and Mobilization Strategy (2022/23–2031/32) to address the necessity of climate finance amid escalating climate change challenges and the imperative to create a sustainable environment. This strategy underscores the proactive approach of the EAC in tackling climate change by ensuring accessible and mobilized finance for climate-related initiatives.

Moreover, the EAC partner states have reinforced their climate commitments by revising their Nationally Determined Contributions (NDCs) submitted to the United Nations Framework Convention on Climate Change (UNFCC). To achieve these ambitious targets, the region necessitates enhanced access to climate finance, domestically and internationally, while emphasizing innovative financing mechanisms.

Objectives of the Meeting:

The 3rd EACFDLM aims to focus on,

  1. Sharing updates since COP amongst member states and regional partners and how the region can benefit from it.
  2. Communicating progress updates on country commitments made by member states.

Expected Outcomes:

Anticipated outcomes from the meeting include.

  1. An enhanced understanding of access to climate finance at both national and regional levels.
  2. Updates on progress made by member states since the last meeting.
  3. Formulation of agreed commitments towards regional programming and access to climate finance (that will be documented in a ‘Communique’).

The two-day meeting will take place in Kigali, Rwanda 20th and 21st of February 2024, providing a constructive platform for delegates to convene and deliberate on access to climate finance within the region.

About the Global Green Growth Institute (GGGI)

The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 48 Member States and over 22 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 40 countries. GGGI’s work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement.

Print Friendly, PDF & Email

Leave a Reply

TOPAFRICANEWS.COM © All rights reserved.