A vlog: the need for equitable and accessible climate finance
At VCA we talk a lot about climate finance. In order for communities to adapt to the fast changing climate conditions, dedicated financial means are needed. Globally, international funds dedicated to adaptation and mitigation have been mobilized to help nations most affected by climate change. However, only 10% of these international funds is directed at local levels. Clearly, this global system is flawed.
In her second vlog, Barbara Nakangu explains how climate finance is linked to climate justice. She uses the case of her own Uganda to illustrate how low income countries carry the highest costs of adapting to the climate crisis, and how this affects local communities.
One of VCA’s main goals is to ensure that global climate finance reaches the most local levels. Not only do we need more financial commitments by higher income countries as well as by the private sector on adaptation and mitigation, we need to make sure these funds are accessible to the most local actors.
This can be done by sensitizing reporting requirements to local contexts, having funds commit to the Locally Led Adaptation Principles, ensuring more transparency in delivery mechanisms and finally, delivering finance in the form of grants, not loans.
VCA will continue to advocate for climate finance that is directly, adequately, consistently and equitably directed to the most local levels.
Follow Voices for Just Climate Action on Twitter and LinkedIn or watch Barbara's first vlog here.
The Climate Crisis that we are facing has no frontiers. We believe it is only possible to foster a just transition to low-carbon and climate-resilient futures with a new level of civil society leadership. This is what Voices for Just Climate Action stand for.
