Qatar has agreed to finance climate change adaptation in most climate-vulnerable countries.
This includes least developed countries (LDCs) and small island developing states(SIDS).
The deal between the Qatar Fund for Development (QFFD) and the Adaptation Fund will focus on helping the most vulnerable countries adapt and build resilience to climate change and will be strongly aligned with climate change integration guidelines between both parties.
“The partnership with the Adaptation Fund will help address and combat climate change challenges specifically related to LDCs and SIDS [and other vulnerable developing countries]. Such a partnership will ensure concrete adaptation activities that reduce the adverse effects of climate change facing communities, countries, and sectors. We look forward to working together towards capacity building, for preventive measures, planning, preparedness and management of disasters relating to climate change.”Khalifa bin Jassim Al-Kuwari, Director General for the Qatar Fund for Development
The Adaptation Fund was created in 2001 and launched in 2007 under the United Nations Framework Convention on Climate Change (UNFCCC) and formally serves the Paris Climate Change Agreement.
To date it has committed about US$ 783 million for climate change adaptation and resilience projects and programmes, including 115 adaptation projects in the most vulnerable communities of developing countries around the world with over 9 million direct beneficiaries.