Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, November 12 2021 - 23:56
AsiaNet
COP26: NDC Partnership launches $33million Partnership Action Fund to help developing countries implement their NDCs
LONDON, Nov 12, 2021 /PRNewswire-AsiaNet/ --

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.

Logo - https://mma.prnewswire.com/media/1687000/NDC_Partnership_Logo.jpg

Source: NDC Partnership
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