05 AUGUST 2010 PORT VILA (Pacnews) --- The European Union will support a single regional mechanism to co-ordinate funding for climate change adaptation in the Pacific region
But at the same time, it will focus its aid through direct budgetary support to deal with impacts of climate change and measures to adapt to these changes. It has set aside 25 million Euros for 2009-2010 from its Global Coalition Against Climate Change fund and an additional 11.5 million Euros for vulnerable states from the new fast track funding under the Copenhagen Accord.
“We are discussing with the Pacific Islands Forum a joint climate change initiative, to support a region-owned initiative that will give more visibility to the Pacific in terms of attracting international climate change funds to the region, said Mr Leffler.
The joint initiative will also contribute to improving absorption capacities by proposing the use of adapted aid delivery modalities. While the EU believes that a regional mechanism would be suitable, its focus will be on integrating climate change adaptation initiatives into national budgetary processes.
“We feel that there are certain actions that can be dealt with at the regional level as well as integrating adaptation plans through budgetary support at the national level. The Pacific ,Mr Leffler said will be a priority for the EU to deliver on its Copenhagen Accord commitment to provide 2.4 billion annually for the next two years until 2012.
“Pacific Islands are entitled to a fair share of climate funds and the EU will enhance its support though working better together and ensuring increased financial flows, said Mr Leffler. He clarified the fast track financing committed under the Copenhagen Accord has conditions attached.
“I want to make it clear that Pacific countries that have not signed onto the Copenhagen Accord will not be discriminated against. It’s obvious that they need to take action and, ultimately we hope that they sign to enjoy the benefits of the Accord.
“We see the Accord as a good start towards an overall international binding agreement, said Mr Leffler...PNS (ENDS)