The Regional Pacific Nationally Determined Contribution (NDC) Hub and SPC's Climate Finance Unit (CFU) recently delivered a joint virtual training focused on 'Financing NDCs: Deep Diving into Climate Finance, Climate & Disaster Risk Financing'. Held on May 14th, the training was attended by 25 participants from across the Pacific region and addressed the critical need to enhance access to finance to support climate resilience in the Pacific Islands.
The training emphasized on aligning project objectives with the Sustainable Development Goals (SDGs), with a strong focus on SDG 13 - Climate Action, and the importance of inclusive stakeholder engagement across various sectors, including multilateral funds, donors, the private sector and civil society. This approach ensures that climate projects are effective, equitable and inclusive, reflecting the diverse needs and perspectives of all stakeholders involved. Key insights highlighted the necessity of environmental and social safeguards in project implementation and the support of multilateral funds like the Green Climate Fund (GCF) for regional climate adaptation and mitigation efforts.
Additionally, the training provided strategies for efficient project proposal development, focusing on robust project design principles, effective stakeholder engagement, and alignment with national priorities and existing policy frameworks.
This training has been immensely beneficial, equipping the Pacific Islands with the knowledge and tools to advance their Nationally Determined Contributions (NDCs), secure climate finance, and align their efforts with the Sustainable Development Goals (SDGs). By integrating these insights into project design and implementation, Pacific nations can strengthen their resilience to climate change.
For more information, visit Enhancing Pacific climate resilience: Insights from NDC Hub climate finance training | The Pacific Community (spc.int)
Photo credit: SPC
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