The Pan African Climate Justice Alliance, in conjunction with the Pan African Parliament has expressed concern that the process of obtaining climate finance is unnecessarily complex.
Speaking during their second press conference in Bonn, Germany, PACJA’s secretary General Mr Mithika Mwenda said the process of accessing climate funds is becoming more complex, warning that it risks shutting out certain groups, including women.
“We are wondering why there is such complexity in obtaining funds from institutions such as the Green Climate Fund,” he posed.
He noted that as the GCF was being set up, civil society organisations had seen it as a democratic fund that would be easier to access that the World Bank, but this has so far not been the case.
He lamented that even after projects have been approved by the GCF, it still took up to two years for the funding to be made available, adding that the problem of climate change was an urgent one that demanded urgent action.
“We want the process to be made simpler and shorter to address the urgency of climate change,” he said, adding that the criterion for approval has been stingy and prolonged.
Mr Mwenda further expressed concern over the failed fulfillment of USD100 billion commitment that was supposed to be provided by developed country parties before the year 2020, adding that discussions on the new financial goal that would shape the implementation of the Paris Agreement have not yet begun.
“We urge the COP Presidency to initiate talks of the new finance goal here in Bonn to show the urgency of the matter. Also, the new finance goal should be beyond the floor of the pre-2020 commitment of USD 100 billion. The goal should reflect the scientific requirements and needs of African countries too, first and foremost, adapt, mitigate and cover loss and damage arising from climate change impacts,” read a statement by PACJA.
Regarding the Standing Committee on Finance, the team noted that they support the committee to prioritize mobilization of funds as a priority, adding that it must continue to play a key role in finance issues in the Paris Agreement era.
“We support the suggestion of having the alternate member during the SCF meetings so that they can fill in when the permanent member is not able to participate,” read the statement.