Event
05 Nov 2024

Finance as a Solution for Climate Displacement: Special Focus on Africa

  • Date
    13 Nov 2024, 16:00pm
  • Location
    Climate Change and Human Mobility Pavilion
  • Organizer

    IOM, Govt of Kenya, Govt of Egypt, African Union Commission, AMO

Moderator: H.E. Namira Negm, Director of AMO 

Panelists

  • H.E. William Ruto, President of Kenya  
  • H.E. Moussa Faki Mahamat, Chairperson of the African Union Commission 
  • Amy E. Pope, Director General of IOM 
  • H.E. Badr Abdelatty, Egypt Minister of Foreign Affairs 

The global climate is changing rapidly, surpassing the pace of natural variations observed throughout Earth's history. This change is evidenced by rising global temperatures, sea levels, and other climate indicators. Increasingly, climate change is recognized as a driver of both internal and cross-border migration, emphasizing the need to assess its impacts on human mobility. Climate finance plays a pivotal role in addressing climate-induced displacement, providing both preventive measures to reduce forced migration and support for communities already affected by climate change for adaptation and resilience-building measures. This includes funding for infrastructure improvements, disaster risk reduction, and sustainable livelihoods. 

The Conference of the Parties (COP) and the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA), through decisions 2/CP.27 and 2/CMA.4, have established new funding mechanisms to support developing countries that are especially vulnerable to climate change in addressing loss and damage. Additionally, they have decided to create a dedicated fund focused on helping these countries manage both economic and non-economic losses resulting from the adverse effects of climate change, including extreme weather and slow-onset events. 

SDG 13 - Climate Action