- 07 December, 2016: The First Session of the Commonwealth Climate Finance Access Hub Steering Committee opened this morning at the Labourdonnais Hotel, Caudan Waterfront, Port Louis and was attended by the Ag. Minister of Foreign Affairs, Regional Integration and International Trade, Mr A. Gayan and other various eminent personalities including the Deputy Secretary-General of the Commonwealth, Mr D. Maharaj and the High Commissioner of Australia in Mauritius, Ms. S. Coles.
On this occasion Minister Gayan appealed for greater flexibility to access funds and underlined that the Hub will particularly focus on gaps within wider international support on climate finance readiness and will assist targeted regions and countries.
The Commonwealth Climate Finance Access Hub is Commonwealth’s response to the critically important issue of climate change. Establishment of the Hub by The Commonwealth Heads of Government is based on the growing understanding that Small Island Developing States (SIDS), Least Developed Countries (LCDs) and other countries in Africa are amongst the most vulnerable to the impacts of climate change. Yet the flow of international climate finance to these countries to support their actions on climate change has been difficult to achieve in practice.
The objective of the Climate Finance Access Hub is to help unlock climate finance for urgent adaptation and mitigation actions in the most vulnerable states, by adding critical strategic capacity at the national and regional levels.
Services of The Hub will be designed under three main pillars:
1) Human and institutional capacity development
2) Technical mechanism
3) Knowledge management
These services will be demand driven based on requests received from member states. In rendering these services, the Hub will particularly focus on gaps within wider international support on climate finance readiness and through programmatic and capacity-embedding approaches will assist targeted regions and countries.
· National efforts focused on appropriate climate funds;
· Support brokered from international climate finance readiness initiatives;
· Existing climate readiness studies taken forward and embedded in national systems;
· Gaps in readiness support identified and addressed through expert advice;
· National and regional systems on climate finance strengthened in the longer term;
· A pipeline of projects advanced and considered by international climate finance mechanisms;
· Capacity of local counterparts enhanced through practical and on-job training by the regional and national advisers.
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