Somalia seeks $6.3 billion in climate adaptation finance at COP31
What happened
At the COP31 climate talks in Antalya, Türkiye, President Hassan Sheikh Mohamud addressed world leaders, stating that Somalia requires about US$6.3 billion through 2035 to finance climate adaptation. He urged international financial institutions and climate funds to simplify application procedures and base eligibility on a country's exposure to climate hazards.
From riotimesonline.com
Why it matters
Somalia is highly vulnerable to climate change despite contributing only a small share of global greenhouse gas emissions. The request puts pressure on climate funds to increase adaptation finance and shift toward grant-based funding rather than loans.
From riotimesonline.com
Who's involved
- SomaliaThe sovereign state seeking climate adaptation finance.
- Hassan Sheikh MohamudPresident of Somalia who presented the finance request.
- Green Climate FundA UN-sanctioned fund targeted for climate adaptation grants.
Keep exploring
The entities involved
-
Somalia
sovereign state in Africa
-
Green Climate Fund
UN-sanctioned fund helping developing countries reduce their greenhouse gas emissions
-
Hassan Sheikh Mohamud
President of Somalia; PDP Chairman; educator; civic, academic, and political activist
Related events
- President Mohamud is governing unilaterally in Somalia, with actions linked to Mogadishu.
- Somalia's Petroleum Minister, Mohamed, attended a summit in Tripoli to highlight efforts to attract investment.
- Guterres called for ambitious replenishments of the Green Climate Fund during the UN Climate Change Conference in Antalya.