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COP22 Prexy Stresses Need For More Climate Change Funding
By Ballah M. Kollie from Morocco
MARRAKECH, MOROCCO, November 8 (LINA) - The President of the Conference of Parties (COP22), Salaheddine Mezouar, has said despite the US$100 billion climate change finance roadmap by 2020, more needs to be done.
The roadmap is aimed at soliciting funding for developing countries, which he described as “a great start to leverage private financing.”
“Key areas for climate finance to be addressed during COP22 are renewable energy, water, agriculture, forests and climate adaptation,” he indicated.
Mezouar promised that COP22 will be “a COP of solutions, where partnerships, initiatives and projects will be made to reinforce capacity at the project level to help make them more bankable.”
He made the statement Monday at a press conference following his election as president of COP22 which is being held by the UN in Marrakech, Morocco.
Mezouar praised the positive energy from the opening ceremony earlier that marked the transition from COP21 to COP22.
He then thanked the outgoing COP21 President Segolene Royal for the collaboration leading to nearly a year of preparation for COP22.
He pledged that the Moroccan Presidency would be focused on inclusiveness and transparency.
According to Mezouar, “southern” countries have high expectations from the Marrakech conference in terms of climate finance, capacity-building and technology transfer.
Major initiatives during COP22 would be Morocco’s Adaptation of African Agriculture “AAA”.
This, he said, is designed to drive climate finance and technology solutions to smallholder farmers across Africa in order to boost sustainable agriculture on the continent.