Throughout COP27, the annual UN Local weather Convention held from November 7 to November 18, the U.S. Company for Worldwide Improvement (USAID) introduced a number of initiatives to advance progress to fight the local weather disaster. These bulletins complement the Company’s ongoing efforts to assist companion international locations all over the world transition to renewable power, preserve globally crucial ecosystems like tropical forests, and put together for local weather change impacts which might be already upon us. Negotiations at COP27 proceed amidst calls from the worldwide neighborhood for a renewed dedication to the objective of holding warming beneath 1.5 levels Celsius and elevated assist for international locations confronting the impacts of the local weather disaster.
USAID Accelerates Local weather Finance. On November 9, USAID introduced a collection of packages and targets to extend personal funding in local weather options and make progress on its COP26 dedication to mobilize $150 billion in local weather finance by 2030. These embrace a brand new Sustainable Banking Alliance to develop the capability of banks based mostly in USAID companion international locations to extend their local weather investments, a partnership with the Millennium Problem Company to develop our work in supporting using inexperienced finance mechanisms equivalent to inexperienced bonds throughout the globe, and the launch of the Local weather Finance Investor Community to facilitate quicker engagement with the personal sector to sort out local weather adaptation and mitigation. Read the full press release; watch Chief Climate Officer Gillian Caldwell’s remarks.
World Enlargement of Complete Motion for Local weather Change Initiative. On November 11, Administrator Energy introduced the enlargement of the Complete Motion for Local weather Change Initiative (CACCI) from Africa into a worldwide program. CACCI is a USAID mechanism to supply technical help to international locations in delivering on their local weather objectives underneath the Paris Settlement. USAID will work immediately with 21 companion international locations by native and regional establishments in Africa, Asia, Latin America, and the Caribbean, up from an preliminary 4 international locations in Africa when the initiative was launched at COP26. Read the full press release; watch Administrator Power’s remarks.
USAID Reaffirms Commitments to Investments in Local weather Good Meals Techniques. On November 11, Administrator Energy reaffirmed USAID’s dedication to the Agriculture Innovation Mission (AIM) for Local weather initiative, highlighting one other installment of $43 million according to AIM for Local weather aims. Administrator Energy additionally introduced two new AIM for Local weather Innovation Sprints to advance innovation in agriculture and new USAID partnerships that can enhance personal sector investments in climate-smart meals methods: a partnership with Bayer Crop Science and the Worldwide Rice Analysis Institute to enhance the standard of lifetime of smallholder rice farmers; and a partnership with Olam Meals Elements (ofi), Nestlé, Mars Wrigley, Costco Wholesale, Mondelēz Worldwide, and Blommer Chocolate Firm to assist smallholder cocoa farmers use extra climate-smart agricultural practices. Read the full press release; watch Administrator Power’s remarks.
USAID Launches Initiative to Scale back Methane Emissions. On November 11 on the AIM for Local weather occasion, Administrator Energy introduced that USAID and the State Division would launch a brand new program to mainstream and scale up USAID efforts to mitigate methane emissions. Methane emissions, together with emissions from the agricultural sector, are supercharging international warming and symbolize our greatest near-term alternative to gradual international warming. Read the full press release; watch Administrator Power’s remarks.
Launch of President’s Emergency Plan for Adaptation and Resilience (PREPARE) Name to Motion to the Personal Sector. On November 12, Administrator Energy introduced a worldwide Name to Motion for companies to make important new commitments to constructing local weather resilience in companion international locations. Commitments already made in assist of this Name to Motion embrace expansions of local weather info and early warning methods, introduction of latest monetary services, improvements for climate-smart meals methods, and paradigm-shifting insurance coverage options. Preliminary firms to hitch the Name to Motion embrace: Google, Gro Intelligence, Mastercard, Marsh McLennan, Meta, Microsoft, Pegasus Capital Advisors, PepsiCo., SAP, and WTW. Read the full press release; read the fact sheet; watch Administrator Power’s remarks.
U.S. Authorities Gives $15 Million to Launch Crimson Sea Initiative. On November 12, Administrator Energy introduced this main new initiative aimed toward conserving the Crimson Sea’s coastal ecosystem, whereas selling high-value, low-environmental influence ecotourism. USAID will construct on its preliminary $15 million contribution by collaborating with the United Nations World Fund for Coral Reefs (GFCR) to enlist further donors and traders from the general public, personal, and non-profit sectors to preserve the Crimson Sea’s coastal ecosystem for future generations. Read the full press release; watch Administrator Power’s remarks.
USAID Advances World Local weather Motion and Gender Equality. On November 14, USAID introduced packages to advance gender-responsive local weather motion. These embrace USAID dedicating $21.8 million to gender-responsive local weather motion from the Gender Fairness and Equality Motion (GEEA) Fund, surpassing its $14 million COP26 dedication; launching a brand new Local weather Gender Fairness Fund to leverage personal sector funding to scale local weather finance that advances gender-equitable local weather motion; and a $23 million preliminary funding in a brand new, nine-year program, Egyptian Pioneers, that goals to construct a extra inclusive and succesful Egyptian workforce whereas contributing to local weather objectives. Read the full press release; watch USAID/Egypt Deputy Mission Director Margaret Sancho’s remarks.
USAID Launches Grand Problem Exercise to Counter Corruption in Inexperienced Minerals Provide Chains. On November 15, USAID launched an open name for improvements that root out corruption in inexperienced mineral provide chains to meet the promise of an inclusive, sustainable, and simply clear power future. Read the full press release; watch Administrator Power’s remarks.
USAID Pronounces Progress on Assist for Indigenous Peoples, Conserving World Forests. On November 16, USAID introduced progress the Company has made in delivering on two main commitments: President Biden’s Plan to Preserve World Forests and a dedication to construct our partnership with Indigenous Peoples. This consists of new initiatives to preserve forests within the Amazon, Congo Basin, and Southeast Asia; in addition to progress towards the worldwide Forest Tenure Pledge to supply $1.7 billion to advance assist for IPLC tenure rights and their forest guardianship between 2021 and 2025. Read the full press release; watch remarks from Chief Climate Officer Gillian Caldwell on conserving forests and remarks from USAID/PPL Senior Policy Analyst Lauren Baker and USAID/DRC’s Nicodeme Tchamou on assist for Indigenous Peoples.
USAID Invests in Early Warning Techniques for Impending Local weather-Associated Disasters to Save Lives. On November 17, USAID introduced $33 million to supply communities vulnerable to climate-prone disasters – together with cyclones, droughts, and floods – with entry to efficient early warning methods. Read the full press release; watch USAID/BHA Assistant to the Administrator Sarah Charles’ remarks.
To be taught extra or watch USAID-hosted and Administrator Energy’s public occasions, go to usaid.gov/climate/cop27