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 | Partnering to boost finance
in African SIDS
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Dear Sample-First-Name Sample-Last-Name, |
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Small Island Developing States (SIDS) face major challenges in restoring their rapidly degrading lands and eroding coastal areas that result from intensive agriculture and climate change. The most likely impact of global warming when factoring in thermal expansion due to warming waters, is a total sea level rise of 1-2 metres by 2100 and sea-level rise will not stop there. Rising oceans will contaminate both surface and underground fresh water supplies, worsening the world's existing fresh-water shortage. Coastal farmland will be wiped out, triggering massive displacements of men, women and children.
Recognizing the islands’ intrinsic vulnerabilities that often go hand in hand with high levels of poverty and underdeveloped individual and institutional capacities, the UNCCD has made curbing land degradation in SIDS and least developed countries (LDCs) an explicit priority in its 10-Year Strategy. “Knowledge exchange and capacity enhancement hold the key to providing increased, sustained access to financial resources in SIDS to restore degraded lands and meet the broader development challenges posed by climate change” said Mr Christian Mersmann, the GM’s Managing Director. |
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In response to the 10-Year Strategy priority, the GM recently conducted a workshop on Designing Integrated Financing Strategies (DIFS) in Seychelles, attended by Madagascar, Seychelles, Comoros and Mauritius at which the countries requested the Indian Ocean Commission’s (COI) and the GM’s support in capturing funding opportunities to restore degraded lands. This constitutes a sub-regional financing platform as called for by the Convention.
The key areas of the proposal currently being developed by the COI and the GM will explore funding opportunities through capacity-building, training, networking and pilot activities involving environmental institutions in Africa, Caribbean and Pacific (ACP) countries, boosting financial resource mobilization in SLM through knowledge exchange and inter-regional dialogue across the Africa region. All these activities will fall under the GM’s scope|acp project, funded by the European Commission (EC).
Subregional financing platforms on resource mobilization are fundamental in promoting partnerships and exchanging knowledge on SLM financing. They also present the most promising framework for these countries to effectively mobilize resources by synergizing capacities and building economies of scale.
Best regards,
The Global Mechanism Team
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