SEARCH MENU
Caspian Energy Journal Caspian European Club
Wednesday, 07 October 2015 19:30

World Bank, Maldives, EU and Australia launch climate change partnership

With the aim of building a climate resilient economy in the Maldives, the Government of Maldives together with the World Bank, European Union and the Government of Australia announced on October 06 they launched a climate change adaptation and mitigation partnership. This initiative will work across sectors and institutions to plan and manage the natural environment focusing on the Addu and Gnaviyani Atolls, Caspian Energy News (www.caspianenergy.net) reports with reference to the press release of the World Bank.

Kseniya Lvovsky, World Bank Practice Manager for Environmental and Natural Resources, said the Climate Change Adaptation Programme (CCAP) is a firm signal of the continued partnership between the Government of Maldives, the EU donors, and the World Bank on one of the Maldives’ most pressing development challenges: the impacts of climate change.

“We are pleased to see this project take off with participation of the various stakeholder departments in the Government of Maldives,” said Lvovsky, expressing the partners’ anticipation to closely work with the government counterparts on a successful implementation of this important initiative building on the lessons of the first phase.

The proposed project will be implemented under the multi-donor Maldives Climate Change Trust Fund (CCTF) that was established in 2009. The key project beneficiaries are the local communities in the Addu and Gnaviyani atolls, selected private resorts, and island/atoll councils. Through interventions in wetland management and solid waste management in the Addu and Gnaviyani atolls, the project will benefit more than 4,000 households through enhanced tourism, livelihood opportunities, and ecosystem conservation.

In the Maldives, biodiversity-based sectors contribute to 89 percent of the country’s Gross Domestic Product (GDP), 98 percent of exports and 71 percent of employment. Agriculture and fisheries that are both dependent on the country’s unique natural resources account for 3.4 percent of the GDP and 10.6 percent of employment. Nature-based tourism is the main driver of economic growth, accounting for around 18 percent of the country’s GDP. Wetland conservation, coral reef protection and solid waste management are critically important for the Maldives to adapt to climate change.

 

Read 525 times
POWERED BY ZEYNURBABAYEV