Climate Change Response (Multilateral)

FY2015 Funding Recommendation:  
$435 million

 

Funding History

       Enacted   

       President's FY2015 Request   

       InterAction's FY2015 Recommendation

 *Estimated
**Data Unavailable


Justification

 Key Facts

  • The World Health Organization estimates that in the year 2000 alone, climate change caused 160,000 additional deaths from malaria, malnutrition, diarrhea, flood and heat waves in the least developed countries in southwest Asia and southern Africa.

  • Approximately 100 million people live within three feet of sea level. Current projections suggest climate change associated sea level rise could displace tens of millions of people, many of whom live in developing countries.

  • In Africa alone, projections suggest climate change will expose between 75 and 250 million people to increased water stress, which could reduce rain-fed agriculture yields by up to 50%.

Addressing climate change requires U.S. leadership to help secure a strong international response. U.S. multilateral climate investments such as the Least Developed Countries Fund (LDCF), Strategic Climate Change Fund (SCCF), Climate Investment Funds (CIFs) and Green Climate Fund (GCF) complement and leverage U.S. bilateral investments to address extreme weather events that are likely to become more intense, frequent and costly with climate change, as temperatures continue to rise and affect weather patterns.

Based on FY2013 funding levels (pre-sequestration), InterAction recommends $35 million for the LDCF and SCCF. The LDCF helps the least developed countries prepare and implement country-driven National Adaptation Programs of Action (NAPAs) that identify and prioritize urgent adaptation needs. The SCCF supports developing country-driven adaptation and technology transfer programs that are integrated into national development and poverty-reduction strategies, and catalyzes funding from other bilateral and multilateral donors.

Based on FY2013 Senate funding levels, InterAction recommends $400 million total for the CIFs and the GCF in FY2015. Launched in 2011 with broad international support, the GCF is intended as the primary financial mechanism to support developing country efforts to address climate change. It will complement – and may eventually replace – existing multilateral climate change funds, including the CIFs. The GCF’s innovative framework will focus on the development and implementation of country-level strategies and plans for climate resilience and low-carbon development, coupled with robust monitoring and evaluation. Countries are expected to announce commitments to the GCF beginning in FY2015, and InterAction’s funding recommendation will ensure U.S. leadership in both the GCF and the CIFs as appropriate.

The CIFs include the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF). The CTF promotes financing for low-carbon technologies that significantly reduce greenhouse gas emissions. The SCF includes programs that enhance climate resilience, increase renewable energy use and support efforts to reduce deforestation.

Success Story:

Bhutan improves disaster preparedness

Bhutan is one of the most disaster-prone countries in Asia and is exceptionally vulnerable to extreme weather, including flash floods, landslides, windstorms, earthquakes, forest fires, and glacial lake outburst floods. Climate change has already intensified Bhutan’s vulnerability to these shocks, particularly in terms of disruptions in the monsoonal system and increasing and intensifying trends of extreme hydro-meteorological hazards.

The Least Developed Countries Fund (LDCF) is supporting the government of Bhutan to integrate climate-change-induced risk reduction in its disaster management framework and practices and to help build capacity at the national and local levels, focusing on the Punakha-Wangdi and Chamkhar valleys. Both valleys are among Bhutan’s most vulnerable valleys to glacial lake outburst floods, potentially causing enormous human and economic devastation, especially in rural areas where the majority of the population practices rain-fed agriculture and lives in poverty.

The five-year, $7.6 million project ($3.4 million from the LDCF with the remainder contributed through co-financing), which began in 2008 and concluded in December 2012, has already made progress to legislate a Disaster Management Bill, increased local capacity through community-based disaster risk management workshops, reduced the water level of Thorthormi lake, and has plans to install a glacier lake outburst flood early warning system. In 2012, LDCF approved another project in Bhutan, including $11.5 million in grant funding, to build on the successes of the first project and will enhance national and local capacity to manage climate induced disasters.

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