Small states, Least Developed Countries (LDCs) and other vulnerable counties face acute impacts of climate change in a disproportional way. As much as climate finance is being made available to developing countries through a number of international initiatives, most of these countries have limited capacity to access these funds. Therefore, the Commonwealth Climate Finance Access Hub (CCFAH) helps countries to unlock the available climate finance. Through this initiative, small and vulnerable member states are assisted to bid for and gain increased access to climate finance.
At the COP26 convention this year, the Minister of State for Environment, Khadeeja Naseem announced Maldives to be the newest member of the CCFAH in the coming months. She highlighted the importance of this action as Maldives is one of the most vulnerable to climate change. Khadeeja believes that with the Commonwealth’s assistance, Maldives will be able to get the technical know-how and the connections to further widen our reach in the climate finance spectrum.