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Malawi needs $46.5 billion for climate change mitigation

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RIBEIRO— Focus on
critical issues

Malawi needs $46.5 billion to implement climate change impact management activities.

Natural Resources and Climate Change Minister Eisenhower Mkaka reiterated the financing need in Lilongwe Wednesday during a media engagement on Malawi’s participation at the upcoming 27th Conference of Parties (CoP27).

Mkaka said about a quarter of the amount will be funded locally and the rest depends on donor support.

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He decried challenges developing countries have been facing to access funds from developed members of the United Nations Congress on Climate Change.

“Apart from non-governmental organisations, countries have found it very difficult to access these funds. We have been talking with international partners to have them revise processes and requirements for applications since they have proved to be a stumbling block,” he said.

Mkaka said at CoP27, which will be held in Egypt, Malawi will be following up on financial pledges that were made by country parties at CoP26 in Glasgow, Scotland.

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Some of the pledges include the $350 million which was made towards the Adaptation Fund and $600 million which was promised to Least Developed Countries (LDCs).

If fulfilled, Mkaka said, the pledges would help countries like Malawi strengthen the resilience of their vulnerable communities to effects of climate change.

Speaking at the event, Egypt Ambassador to Malawi Mahomed Elsharif said the conference provides an opportunity for Malawi and other nations to reaffirm their commitment to the global climate agenda.

United Nations Resident Coordinator Malawi Maria Do Valle Ribeiro said time has come to “focus on critical issues surrounding matters of climate change” and greenhouse emissions which, she said, continue to negatively affect lives.

CoP27 will be held in the Egyptian city of Sharm El Sheikh from November 6 to 18 2022.

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