Overview of Climate Change

The World’s Response to Climate Change

In 1979, the first World Climate Conference identified climate change as an urgent world problem and issued a declaration calling on governments to anticipate and guard against potential climate hazards. In 1992, the United Nations Framework Convention on Climate Change (UNFCCC) was formed with the aim to stabilize greenhouse gases (GHGs) in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. The Framework sets no binding limits on greenhouse gases and contains no enforcement mechanisms. Parties to the Convention have since met on an annual basis through the Conference of the Parties (COP) and take key decisions aimed at advancing effective implementation of the UNFCCC. 

In 1995, Parties to UNFCCC established the Kyoto Protocol (KP). KP set binding targets on developed country parties to reduce GHGs by at least 5% of their 1990 levels between 2008 – 2012 (the first commitment period). The KP entered into force in 1997. The second commitment period ran from 2013 – 2020 and was based on the Doha Amendment to the Protocol. 

In 2011, Parties adopted the Durban Platform for Enhanced Action (DP). Parties agreed to develop a protocol, another legal instrument or an agreed outcome with legal force under the Convention applicable to all Parties. The Paris Agreement (PA) was adopted by consensus in 2015 by all 196 Parties to the Convention with the aim of limiting global warming to less than 2 degree celcius and pursue efforts to limit the rise to degree Celsius. The PA entered into force on November 4, 2016. 

Other key decisions taken during COPs to further commitments by Parties include Bali Action Plan (2007), Copenhagen Accord (2009), Cancun Agreements (2010), Warsaw International Mechanism on Loss and Damage (2013), Warsaw Gender Action Plan (2013).

Summary of

Key Milestones

The GEF Trust Fund constitutes the most popular source of climate finance in Lesotho, having funded over 42 projects, including both national and global/regional initiatives. In terms of focus, GEF funded projects have been geared broadly towards tackling the drivers of environmental degradation. As such, the major focal areas of the fund disbursement in Lesotho have been biodiversity; land degradation; climate change policies, strategies and plans; organic pollution and water – all of which are more or less in line with the fund’s priority globally. Direct climate financing from Global Environment Fund (GEF) is accessible through the Department of Environment, which is a GEF focal point in the Ministry of Defence, National Security and Environment. (Home | GEF)

The Green Climate Fund has the potential to help countries like Lesotho meet their adaptation and mitigation finance needs. Currently, there is one cross-cutting GCF-funded project in Lesotho, among other three recipient countries – South Africa, Eswatini and Namibia. 

The project is geared towards addressing critical market barriers in accelerating private sector climate investments. Lesotho has also accessed five (5) projects under the GCFs Readiness and Preparatory Support Programme. The process for accessing funding under the GCF begin from an assessment of the needs of Lesotho and includes extensive stakeholder engagement. The fund is accessed through the National Designated Authority (NDA) and the Accredited Entity (AE) (Lesotho | Green Climate Fund).

 

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)