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ESCWA official: Arab States received about $34 bn in climate finance over past decade
Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA) Rola Dashti stated that Arab States received over the past decade about $34 billion in public international climate finance, less than 7% of what would be required to implement the nationally determined contributions (NDCs) of 11 Arab countries.
“More climate finance commitment is required with a greater focus on adaptation, particularly in the water and agricultural sectors,” she added.
In fact, water and food security remain key catalysts for the attainment of the Sustainable Development Goals (SDGs), as well as mitigation and adaptation goals in the Arab region, she said.
She made the remarks on Thursday during the Arab Regional Forum on Climate Finance, which is the fourth forum out of five regional forums organized by the Egyptian Presidency of COP27, the UN Climate Change High-level Champions, and the five United Nations regional commissions.
The Arab region is highly vulnerable to climate change. Temperature has increased by an average of 0.8 °C over the last 20 years, and is projected to increase by 4.8 °C by the end of the century. Droughts, heat waves, forest fires, sand and dust storms, sea level rise and flash floods are impacting health, homes, livelihoods and nature in urban, rural and coastal communities alike.
Today, ESCWA reiterated calls to accelerate climate action by pushing for better climate finance in the region at the Arab Regional Forum on Climate Finance.