Today: 6 October 2025
12 December 2023
1 min read

Commonwealth Raises $320M in Climate Finance

Commonwealth has raised more than US$320 million in climate finance for small countries, in addition to another US$500 million that is in the pipeline.

UnniKrishnan Divakaran Nair, Head of Climate Change at the Commonwealth Secretariat, said that climate finance is essential to boost investments in low-carbon development and the ability of at-risk countries to mitigate the repercussions of climate change.

He pointed out that the Commonwealth has raised more than US$320 million in climate finance for small countries, in addition to another US$500 million that is in the pipeline.

The Commonwealth official told the Emirates News Agency (WAM) on the sidelines of the 28th United Nations Conference of the Parties (COP28) in Dubai that this current edition of COP was able to provide an opportunity for multilateral work and a platform for communication between stakeholders to advance global climate action.

He mentioned the establishment of the Commonwealth Climate Finance Access Hub (CCFAH), which is a mandate for the Commonwealth Secretariat to unlock financial support to developing countries, and a confirmation of the commitment of the 56 Commonwealth member states to move forward in addressing climate change.

The Commonwealth official pointed to the initiative to provide the necessary training to build the capacities of nearly 2,500 officials from the organisation’s member states, and to provide the necessary research and statistics to gain a deeper understanding of the issue of climate change, in addition to implementing the Commonwealth Charter, which is in line with the United Nations’ commitments to address climate change, desertification, and biodiversity,

He called for the exchange of solutions between Commonwealth member states and to promote new and renewable energy projects.

ALSO READ: ‘Efforts to Solution’: Sadhguru Hails COP28 UAE

Previous Story

India Slips to Fourth Global Ranking in Startup Funding for 2023

Next Story

Indian Markets Set to Break New Records

Latest from -Top News

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on

Hamas Heads to Egypt for Gaza Talks

The negotiation will focus on the details of enacting the first phase of the plan…reports Asian Lite News A delegation from the Palestinian group Hamas arrived in Egypt on Sunday ahead of

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with

GAZA: Egypt to Host Peace Talks

Egypt hopes the discussions will help “end the war and the suffering of the brotherly Palestinian people, which has continued for two consecutive years…reports Asian Lite News Egypt will host Israeli and

Tommy Robinson to Visit Israel

The invitation comes from Amichai Chikli, Israel’s minister for the diaspora and combating antisemitism, who described Robinson as a “courageous leader on the front line against radical Islam…reports Asian Lite News An
Go toTop

Don't Miss

Umm Al Emarat Park to organize ‘recycling workshop’

In line with Earth Day, Umm Al Emarat Park reaffirms

Commonwealth nations celebrate 75-year milestone

Commonwealth Secretary-General, Patricia Scotland KC, emphasised the value, power, and