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WMO issues new guidance to help members mobilize climate finance.. NMHSs critical actor at national level
The World Meteorological Organization (WMO ) has issued new guidance to support members in mobilizing and leveraging climate finance to increase resilience as part of the wider mission to save lives and livelihoods.
The National Meteorological and Hydrological Services (NMHSs) has been identified as as a critical actor at national level for climate finance investment planning.
The publication Enhancing the Role of National Meteorological and Hydrological Services in Mobilizing Climate Finance at the National Level provides information on the various funding channels, instruments, and the catalytic role climate finance is expected to play at the national level.
The guidance note seeks to provide relevant information on climate finance actors and processes that are typically undertaken at the national level.
It also explains climate finance decision-making principles and the role of NMHSs as key drivers in the climate finance mobilization process.
The guidance also highlights opportunities for NMHSs to work with funding agencies and national stakeholders to propose investments that can help build their infrastructural and institutional capacity to enable the effective design and use of climate information services.
It also demonstrate how NMHSs can be empowered through intentional efforts that focus on vision setting, strategy, and agency perception in order to mobilize resources for national climate action ambitions.
“The role of NMHSs as a critical actor at national level for climate finance investment planning, programming and implementation should be reinforced, but this requires the NMHS to be able to successfully carry out such a mandate and demonstrate value in being at the centre of science-based climate action and decision-making,” she said.
“Recognizing that the impacts of climate change are being felt more than ever, the need for countries to mobilize financial support to achieve their climate action goals is a forefront consideration,” said WMO Secretary-General Celeste Saulo.
Climate finance is at the forefront of political agendas worldwide and is key to achieving global goals to reduce emissions and adapt to climate change.
At the 2024 United Nations Climate Change Conference (COP29), it was agreed that the New Collective Quantified Goal of Climate Finance (NCQG) – previously set at $100 billion annually – was insufficient, and that financing for developing countries need be tripled, to $ 300 billion annually by 2035.
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