PR93013

LONDON, Nov 12, 2021 /PRNewswire=KYODO JBN/ --

The NDC Partnership has today launched the Partnership Action Fund (PAF), with

at-launch commitments of $33 million that members will be able to access in

order quickly respond to a developing country’s needs. By pooling funds and

making them readily available, the PAF enables a wide range of Partnership

members to respond rapidly to country needs, with funding deployed to amplify

members’ impact.

The new funding comes as the members of the NDC Partnership

[https://ndcpartnership.org/] announced they are ready to mobilize hundreds of

millions of dollars to support the needs of developing countries to fast track

the implementation of their NDCs to tackle climate change through sustainable

development.

The Partnership brings together 197 members the NDC Partnership mobilizes 98

developing and 18 developed countries and 81 institutions. Members work

together to create and deliver on ambitious Nationally Determined Contributions

(NDCs) to achieve the Paris Agreement and the Sustainable Development Goals.

Commenting on the launch of the Partnership Action Fund, Minister Pearnel

Charles Jr, Jamaican Minister of Housing, Urban Renewal, Environment and

Climate Change – Co-Chair of the NDC Partnership:

“Now that the NDC ambitions of developing countries have been raised we must

mobilize funding and resources at speed and scale to turn words into action

through implementation. Through the membership of the NDC Partnership we have

already helped to mobilize over $1 billion to support developing countries in

developing and implementing their NDCs. But there naturally remain gaps in the

support that can be provided, and we must make sure that no country is left

behind. The Partnership Action Fund ensures that no stone is left unturned, and

countries can access the technical support that they need. I call on all our

members to be ambitious in your actions and align your programs with the needs

of the countries.”

Full announcement available here [

https://ndcpartnership.org/news/cop26-members-ndc-partnership-announce-partnership-action-fund-launch-commitments-33million].

About the NDC Partnership

The NDC Partnership brings together 196 Members, 115 countries - 97 developing

and 18 developed - and 81 institutional members countries, to create and

deliver on ambitious NDCs that help achieve the Paris Agreement and the

Sustainable Development Goals (SDGs). Governments identify their NDC

implementation priorities and the type of support that is needed to translate

them into actionable policies and programs. Based on these requests, the

membership offers a tailored package of expertise, technical assistance, and

funding.

This collaborative response provides developing countries with efficient access

to a wide range of resources to adapt to and mitigate climate change and foster

more equitable and sustainable development. The NDC Partnership is built on the

premise of collective action: by acting together, we achieve more.

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Source: NDC Partnership