{"id":58520,"date":"2017-11-15T13:01:18","date_gmt":"2017-11-15T12:01:18","guid":{"rendered":"https:\/\/ufmsecretariat.org\/ufm-cop23-call-action-towards-shared-mediterranean-climate-agenda\/"},"modified":"2018-02-22T13:15:00","modified_gmt":"2018-02-22T12:15:00","slug":"ufm-at-cop23-a-call-for-action-towards-a-shared-mediterranean-climate-agenda","status":"publish","type":"post","link":"https:\/\/ufmsecretariat.org\/ar\/ufm-at-cop23-a-call-for-action-towards-a-shared-mediterranean-climate-agenda\/","title":{"rendered":"UfM at COP23: A call for action towards a shared Mediterranean Climate Agenda"},"content":{"rendered":"<p><strong>Bonn, 15 November, 2017.<\/strong> Keeping the global temperature rise to below 2\u00ba C, the target set by the Paris Agreement, call for a coordinated regional strategy that cannot rely solely on nationally-determined contributions. In line with its mandate to enhance regional cooperation on climate action, <strong>the Union for the Mediterranean is deeply engaged in the development of a common, region-wide Mediterranean Climate Agenda. <\/strong><\/p>\n<p>Climate-resilient infrastructure, and particularly its financing, is fundamental to tackle climate change.\u00a0In this regard, <strong>t<strong>he UfM Secretariat has commissioned <a href=\"https:\/\/ufmsecretariat.org\/wp-content\/uploads\/2017\/11\/UfM-Climate-Finance-Study.pdf\">the first regional study on climate finance <\/a><\/strong><\/strong>to provide a clear overview of the funding flows for climate action initiatives in the region. The study has been funded by the European Commission and was presented at the COP23, in Bonn, with the following main conclusions:<\/p>\n<ul>\n<li>The study reveals that the Southern and Eastern countries of the Mediterranean region have received USD 6.8 billion in climate financing per year, <strong>representing from 11% to 16% of the worldwide funding for climate action. <\/strong>The main beneficiary countries of the funding flows are currently <strong>Turkey<\/strong> (around 40%), <strong>Morocco<\/strong> (around 20%), <strong>Egypt<\/strong> (around 15%) and <strong>Jordan<\/strong> (around 10%).<\/li>\n<li><strong>Mitigation projects make up the vast majority of the funds obtained<\/strong>, while financing allocated to <strong>adapting to climate change is still emerging and therefore represents a vast source of opportunity<\/strong> for intervention.<\/li>\n<li>The study shows that there is a<strong> window of opportunities for an enhanced and coordinated regional action, <\/strong>notably through the promotion of <strong>region-wide projects<\/strong> focused on climate change adaptation and the <strong>active involvement of the private sector in climate financing<\/strong>.<\/li>\n<\/ul>\n<p>Enhanced efforts in the region are needed before 2020 to benefit from the available climate finance sources. The UfM Secretariat will launch a <strong>second phase of the study in 2018<\/strong> to identify gaps related to the global financing target and seek solutions to optimise the use of financial instruments. Furthermore, the UfM will continue being <strong>engaged in the promotion of region-wide cooperation projects that leverage funding for climate action at regional level. <\/strong><\/p>\n<h4><strong>More Information\u00a0<\/strong><\/h4>\n<p>The Union for the Mediterranean is observer at the United Nations Framework Convention on Climate Change (UNFCCCC). As part of the <strong>UN 2030 Agenda for Sustainable Development<\/strong> and the new <a href=\"https:\/\/ufmsecretariat.org\/wp-content\/uploads\/2017\/01\/UfM-Roadmap-23-JAN-2017.pdf\">\u00a0Action-oriented Roadmap for enhanced regional cooperation<\/a>, the UfM is stepping up its partnership with all global, regional and sub-regional initiatives and organisations to promote a positive agenda for the region on energy\u00a0 and climate action.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022The Secretariat of the Union for the Mediterranean (UfM) actively participated in the COP23, in Bonn, where it presented a study on the situation of climate finance in the region.<br \/>\n\u2022The study reveals that the Southern and Eastern Mediterranean region has, during the last years, received an annual amount of around USD 7 billion in climate financing. The majority of this sum is used for climate mitigation projects.<\/p>\n","protected":false},"author":4,"featured_media":51751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,62],"tags":[],"priority-area":[199],"class_list":["post-58520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-55","category-62","priority-area-energy-climate-action-ar"],"_links":{"self":[{"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/posts\/58520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/comments?post=58520"}],"version-history":[{"count":1,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/posts\/58520\/revisions"}],"predecessor-version":[{"id":58526,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/posts\/58520\/revisions\/58526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/media\/51751"}],"wp:attachment":[{"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/media?parent=58520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/categories?post=58520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/tags?post=58520"},{"taxonomy":"priority-area","embeddable":true,"href":"https:\/\/ufmsecretariat.org\/ar\/wp-json\/wp\/v2\/priority-area?post=58520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}