New update – September 2012

New update – September 2012

The Climate Funds Update data is now current as of September 2012. Highlights from this update include:

$160 million has been pledged and deposited to the Global Climate Change Alliance (GCCA), since September 2011, an increase of nearly 70%. This increase comes mainly from EC budget and from the EC Fast Start Finance. The GCCA is a European Commission-led initiative that provides technical and financial support to help developing countries integrate climate change into development.

CFU data displays a substantial increase in adaptation finance over the last three months.

The Least Developed Country Fund (LCDF) has approved 23 new projects. The new projects support adaptation to climate change in Sub-Saharan Africa, Asia and the Pacific. $33 million has been allocated to eight early warning system projects across Sub-Saharan Africa that will help rural communities plan for droughts and floods.

The Pilot Program for Climate Resilience (PPCR) has approved 14 new adaptation projects of approximately $90 million. The largest project ($30 million), funded mainly through concessional loan, is the Coastal Climate Resilient Infrastructure Project in Bangladesh, to be implemented through the Asian Development Bank.

Please contact the Climate Funds Update team with any questions or for further information.