Saturday 5th December 2015, 3:45 - 5:15
RIO PAVILION, Generations Climate
'The future is a beautiful, if challenging, partner. Your choice is whether you take the risk in having a first date or whether you are happy to accept a life of regret.'
Investing in Resilience
Responding to the Adaptation Needs of the Most Vulnerable
Monday, Nov. 30, 13:15 – 14:45
Observer Room 02, Blue Zone, Le Bourget
Paris, France (COP21 Side Event)
Opening of GEF Side Event on Adaptation at COP 21: Investing in Resilience: Responding to the Adaptation Needs of the Most Vulnerable
Investing in Resilience: Responding to the Adaptation Needs of the Most Vulnerable
Naoko Ishii, CEO & Chairperson, Global Environment Facility
Monday, November 30, 2015, Observer Room 02, Blue Zone, Le Bourget
Check Against Delivery
Excellencies, Honorable Ministers, dear friends and colleagues,
First, I would to thank our French hosts for welcoming us here in Paris; and for your resolve and leadership at this very trying time. On behalf of the Global Environment Facility, I would like to express condolences and solidarity with the people affected by the attacks on November 13.
COP21 is a huge opportunity to demonstrate political ambition and collective action on climate change. Today, we have already heard of much progress from many global leaders.
At this incredibly busy moment, the presence of so many Ministers and senior officials here (and arriving shortly) is testament to importance countries put on addressing adaptation. I want to thank Mary Robinson, the UN Secretary General’s Special Envoy for Climate Change for her tireless work on this issue
Given that we’re already locked into climate change trajectories for many years to come, increased investment in adaptation has to be at the core of the new climate agreement.
We know that many billions are required over the next few years to fill the gap in climate finance, but the money pledged today is vital to help some of the most vulnerable people on the planet cope with the immediate impacts of our rapidly warming world.
Vulnerable developing countries and communities around the world continue to demonstrate impressive leadership and ingenuity as they seek to cope with the effects of climate change. Over the past decade, we have witnessed some of the poorest and the most vulnerable countries go from a nascent understanding of impacts and vulnerability to an emerging shift towards climate-resilient development.
The GEF has played a pioneering role in supporting these efforts.
Since 2001, the GEF—through the LDCF and SCCF - has provided $1.3 billion in grant financing and mobilized $7 billion from other sources for 320 adaptation projects in 129 countries, including all Least Developed Countries and 33 Small Island Developing States. These projects are expected to directly reduce the vulnerability of 17 million people.
Additional funding for adaptation is now urgently needed to sustain the hard-earned momentum that the most vulnerable countries have achieved. The GEF Secretariat has a robust pipeline of 31 projects for financing from the LDCF; with grant requests amounting to $215 million. These projects can be approved as soon as additional funds are received.
On this first day of COP 21; let us send a signal of solidarity for the most vulnerable; and let us work together to invest in resilience.
Thank you very much.
Climate change affects every nation and every person. Droughts, violent storms, sea-level rise and other changes are destabilizing critical ecosystems, undermining economic activity and jeopardizing livelihoods across the globe. The climate is a vital Earth system, that if compromised will put everyone’s future prosperity and well-being at risk.
Urgent action is needed to drastically cut greenhouse gas emissions, invest in adaptation and build resilience to the growing impacts of our rapidly warming world.
Cities consume over two-thirds of global energy supply, and are responsible for 70% of greenhouse gas emissions. Cities are also uniquely vulnerable to climate change: 14 of the world’s 19 largest cities are located in port areas. Climate change adds to the urgency of sustainable urban planning and management, and to the an already broad set of challenges for many city governments revolving around providing jobs, services and housing to growing urban populations