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Jakarta Post

Conference to examine financing options for climate change adaptations

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Tue, March 18, 2014   /  10:58 pm

An international conference in Nepal will examine ways to unlock financing that could help local communities in developing countries adapt to climate change.

The 8th International Conference on Community Based Adaptation (CBA8) is aimed at encouraging the private sector to invest in climate adaptation and ensure that public finance can reach the communities that need it most.

The meeting, which is set to take place in Kathmandu from April 24 to April 30, is organized by the International Institute for Environment and Development (IIED), the Bangladesh Centre for Advanced Studies and Clean Energy Nepal, which will present on behalf of the Climate Change Network Nepal. The Nepalese government will host the conference.

'€œAs the cost of adaptation rises, the need for finance to reach communities will grow more urgent,'€ IIED senior fellow Saleemul Huq said in a release made available to The Jakarta Post on Tuesday.

'€œGovernments must strive to ensure public money can filter down to poorer communities, and create incentives for the private sector to invest in community-based adaptation,'€ he went on.

The conference will gather policymakers, researchers and others to explore what funding is available and where, and assess how well it reaches those most vulnerable to the impacts of climate change. More than 300 participants will attend the conference.

As the final outcome, delegates will make a joint declaration that will aim to ensure global and national adaptation funds prioritize the most vulnerable communities.

Huq said CBA8 was an opportunity for practitioners to share lessons on how to tap financial resources to scale up climate adaptation efforts and to emphasize to funding agencies, policymakers and others how important it was for private investment to reach local communities.

"CBA8 is an opportunity for Nepal to share the exemplary work it has done in community based adaptation and learn from the experiences of participants from all over the world," Clean Energy Nepal program director Sunil Acharya said. (ebf)

 

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