DR to host Climate Change Adaptation Fund Summit

The Climate Adaptation Fund will hold its annual meeting in the Dominican Republic, within the framework of the International Seminar on Climate Finance Preparedness, to be held from September 12 to 15 of this year.

The meeting seeks to support the exchange between national implementing entities and the agency, on improving access to climate finance, the integration of environmental, social and gender issues, as well as innovations and reporting on project performance.

The Adaptation Fund is an international fund that finances projects to assist countries in adapting to the adverse effects of climate change, which was established under the Kyoto Protocol to the United Nations Framework Convention on Climate Change in 2001 in Marrakech (Morocco), although it was officially launched in 2007.

As an international entity, it is a pioneer in the financing of adaptation to climate change, allocating to date more than one billion dollars worldwide, and with 42 accredited implementing entities worldwide, through which it has benefited 38 million people in developing countries.

National experience

In the country, this Adaptation Fund finances the Climate Resilience Capacity Building project in the San Cristóbal province, which impacts the middle basins of the Haina and Nizao rivers and the Yubazo river sub-basin with an investment of ten million dollars (US$10,000,000).

These basins supply Santo Domingo Oeste, Los Alcarrizos and Pedro Brand with more than 50% of their water for human consumption.

The designated national authority of the Adaptation Fund is the Ministry of the Environment and Natural Resources, and together with the National Institute of Drinking Water and Sewerage (INAPA), they are the partners of this project.

This initiative is executed by the Instituto Dominicano de Desarrollo Integral (IDDI), founded in 1984; being the accredited national implementing entity in the country with presence in almost all the Dominican territory, Haiti, Cuba and the USA.

Source: Noticiassin.com

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