The appeal launched by Andry Rajoelina, during his speech at the United Nations, concerning the Green Climate Fund seems to have borne fruit. The Secretary General of the United Nations, Antonio Guterres has instructed his team to accompany Madagascar in obtaining this funding as soon as possible, said the Presidency in a statement on the meeting between the two personalities. Antonio Guterres has also announced the opening of a permanent office of UNEP or the United Nations Environmental Protection Agency in Madagascar.
In his speech at the UN General Assembly, Andry Rajoelina pleaded for Madagascar and African countries, so that the commitments of the most polluting countries made at the COP 21 and confirmed at the COP26 are implemented. These commitments consist in the creation of a Green Climate Fund of 100 billion dollars per year.
The Green Climate Fund (GCF) is the financial mechanism of the United Nations Framework Convention on Climate Change. The Fund aims to limit or reduce greenhouse gas emissions in developing countries and to help vulnerable communities adapt to the impacts of climate change that are already being felt. It aims to make an ambitious contribution to the international community’s mitigation and adaptation goals, with the goal of keeping the average global temperature rise below 2°C. Over time, the GCF is expected to become the primary multilateral financial mechanism for supporting climate action in developing countries. Recipient countries will be required to designate national institutions to review and approve proposed projects. They will access the Green Climate Fund through accredited national implementing agencies. The Fund will also work with multilateral implementing agencies. A private sector financing facility that can provide funds directly to private companies will also need to be established. For now,
In 2020, Madagascar, Comoros, Seychelles, and Mauritius received a $38 million Green Climate Fund (GCF) grant to finance their adaptation to climate change. Non-governmental organizations engaged in natural solutions will have benefited from some of the funds.
Madagascar is one of the countries contributing the least to the climate crisis, yet it is the fourth most affected country, according to the Global Climate Risk Index 2020.
