The 28th Session of the UN Climate Change Conference (COP 28) in the UAE

The UNFCCC, established in 1992, provides a legal framework for international cooperation to combat climate change. The COP, or Conference of Parties, brings together states, regional organizations, and non-state actors to address climate change. The 28th meeting of the COP, COP28 UAE, aims to keep Earth’s temperature increase below 1.5C. The global stock take emphasizes reducing emissions by 22 giga tons before 2030 to archive this ambition. The COP is responsible for the Paris Agreement, a legally binding international treaty on climate change.

Four key areas are a focus of COP28’s Action Agenda:

  1. Fast-tracking a just and orderly transition
  2. Fixing climate finance
  3. Focusing on nature, lives and livelihoods
  4. Fostering inclusivity for all

COP28 Africa Agenda

The  COP27 of the UNFCCC that took place in November 2022 in Sharm El Sheikh, the focus of the Presidency, developing countries, including those of Africa, was based on enhancing the implementation of the UNFCCC and the Paris Agreement. However, recalling from the results of COP27 for Africa; here are some results but not limited to:  a fundamental discovery in the loss and damage ,where the COP came to a consensus on new funding arrangements in order to support developing countries in addressing loss and damage, including by establishing a loss and damage fund. The fund is expected to provide financial support to developing countries that are vulnerable to the impacts of climate change. COP27 also discovered the importance of Parties to push for reforms to make multilateral development banks (MDBs) align their lending and investment portfolios with the goals of the Paris Agreement.

During his speech at COP 28, King Letsie III indicated that he had released a position paper titled “From Commitment to Action – Integrating Nutrition Financing in the Climate Change Framework.” This paper emphasizes on the importance of incorporating nutrition financing into the climate change framework in order to address the worldwide impact of climate change on essential food systems. The report emphasizes the link between climate change and nutrition, proposing for the strategic use of climate finance to support sustainable, healthy, and equitable food systems. Importantly, the report indicates a shift towards sustainable, climate-resilient, and healthful diets in order to reduce health and climate-change costs while strengthening food security.

Share:

More Posts

Send Us A Message

let’s talk

Lesotho Climate Change Unit

The Lesotho Meteorological Services (LMS) is the national meteorological agency of the Kingdom of Lesotho. 

Contact Info

Lesotho Meteorological Services
Options Building 2nd Floor | Pioneer Road | Maseru 100

+266 22324376

© 2024 Lesotho Meteorological Services. All Rights Reserved.

Like the Adaptation Fund, the Climate Investment Funds constitutes a climate funding stream that many African countries are not able to access. CIF is an enabler of pioneering climate-smart planning and climate action in low and middle-income economies, many of which are the least prepared yet the most prone to the challenges of climate change. CIF responds to the worldwide climate crisis with large-scale, low-cost, and long-term financial solutions to support countries achieve their climate objectives. In Lesotho, there is only a single project with finance from the fund. The project, entitled “Lesotho Renewable Energy and Energy Access Project”, is geared towards funding renewable energy investments. The fund is accessed through the Ministry of Finance and Development Planning in Lesotho. (The Climate Investment Funds (CIF)).

The Special Climate Change Fund is also being governed by GEF and Lesotho has not accessed funds as the fund is dry majority of the time. Lesotho as an LDC competes with other developing countries to access the funds. (Special Climate Change Fund – SCCF | GEF)

The LDCF, which is governed by GEF, is a vital source of climate funds in the context of Lesotho. It constitutes the most significant finance stream in Lesotho, having funded national projects to the tune of over US$ 36 million as of 2022. Indeed, it is second in significance to the GEF Trust Fund only in terms of the number of nationally funded projects (8 national projects compared to 15 for GEF). Regarding sectoral distribution and focus of LDCF, the data suggests that LDCF resources are geared towards water resources management, enhancing the resilience of agricultural production and food systems, and climate information services and capacity building. (Least Developed Countries Fund – LDCF | GEF)

The Adaptation Fund is one of the least accessed climate funds and Lesotho just accessed funds (count of US$ 10 million) through Word Food Programme as the accredited entity. The project, entitled “Improving adaptive capacity of vulnerable and food-insecure populations in Lesotho”, is being implemented and pertains to agriculture and food security. It is accessed through LMS and Accredited Entity (AF | Adaptation Fund)