“There has been a 60% increase in financial resources since the last meeting of the Standing Committee on Climate Finance.”
The report reports that Ambassador Diann Black Lane, co-chair of the Standing Committee on Climate Finance (SCF) operating on the basis of the United Nations Framework Convention on Climate Change, spoke at the high-level roundtable on “Children , young people and climate action”. “held within COP29. he said.
“The main objective of our activity is the collection of data, the financing of measures that take into account the needs of children and young people and the allocation of funds for the execution of works to be carried out within the framework of the Paris Agreement In addition, we also contribute to the creation and application of information products,” highlighted D. Lane.
The co-chairman added that the committee provides financial assistance especially to developing countries:
“For example, this year financial support was provided to Tanzania. We analyzed how these funds are spent and the specific results of these measures. Based on this information, we support the financing of measures, especially in developing countries.”
D. Lane also said that the committee works in interaction with the states and reviews draft documents prepared at the national level:
“While we do not have a separate budget line item related to youth, we are considering funding opportunities in areas such as education and sports based on information provided by states when developing the budget.”
In the end, the ambassador noted that the committee’s goal is to provide financial assistance and support effective information-based measures.
“One of our top priorities is transparent and effective financial mechanisms for sustainable climate action,” said Diann Black Lane.
