13 December, Madrid. The UfM region is performing well in attracting international public climate finance. Southern and Eastern Mediterranean countries have attracted between 12% and 13% of the global international public climate finance commitments each year. However, despite this positive performance, the UfM region still has a margin of progress, as investments in adaptation are only representing approximatively one-third of mitigation commitments. The UfM presented the true-to-life steps to accomplish climate actions, from initiating policies to enhancing climate finance access and action implementation in the margins of the UN conference COP25 in Madrid.
Quote by Mr. Mokhtar Hammami, Minister of Local Affairs and Environment of Tunisia: “l’Environement est devenu une dimension essentielle des droits de l’homme » (« the environment has become an essential dimension of human rights”)
The event was also the opportunity to present the results of the first UfM International Climate Finance studies and the methodology for developing a Mediterranean Climate Finance Strategy (2019) and to promote the climate actions undertaken by national authorities and cities in the Mediterranean region, showcasing their contributions to mainstream the implementation of NDCs.
This side-event was organised to give greater visibility and demonstrate to the international community the evident role and involvement of tens of Southern Mediterranean cities.