Saudi Electricity Company Secures SAR 13.4 Billion Financing Facilities to Finance Long-term Growth, Saudi Arabia-Egypt Electricity Interconnection Project    Large fire Erupts on Greek Island of Thasos, Village evacuated    Disney overtakes Netflix in battle for subscribers    Crimea airbase badly damaged after explosions, satellite images show    South Korea's Heavy Rain Casualties Rise to 11 Deaths, 8 Missing    Pact inked for $49 million additional Saudi development loan for Albanian road project    MoE seeking public opinion on opening Saudi branches of foreign universities Academic excellence is on top among the criteria    Crown Prince to patronize second Saudi International Maritime Forum in November    Saudi Arabia Is Set to Host Arab Radio & TV Festival in November    Real Madrid Wins European Super Cup for 5th Time in History by Beating Frankfurt    Custodian of the Two Holy Mosques receives written message from Bangladesh president    KSrelief Distributes Over 42 Tons of Food Baskets in Taiz Governorate, Yemen    KSrelief holds joint meeting with UNHCR and WHO in Poland    Qatar Stock Exchange Ends Trading Higher    Saudi National Beach Soccer Team Arrives in Morocco to Participate in Casablanca Beach Soccer Cup 2022    Saudi Stock Exchange Main Index Ends Trading Higher at 12431 Points    Ministry of Finance, National Debt Management Center Sign MoU with SNB Capital on Development, Launch of Individual Savings Sukuk    Whale winched out of French river in rescue mission    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    Agricultural Development Fund Signs Contract to Finance Importing 130,000 Tons of Barley with Value of SAR 150 Million    Custodian of the Two Holy Mosques Congratulates Head of Transitional Military Council and President of Chad on Independence Day    Fast food giant Domino's pulls out of the birthplace of pizza    WHO calls for optimizing brain health to benefit people and society    GASTAT: Industrial Production Index increases by 20.8% in June 2022    More breathing devices needed for premature babies born in Ukraine    Ukraine war must end with liberation of Crimea: Zelensky    'Rise of the Witches': Biggest series to be ever made in Saudi Arabia    SAR trains carry over 2.3m passengers, 6.75m tons of goods in H1 of 2022    Victory becomes the sweetest for Al-Marzouki with a warm touch of motherly affection    Korean girl group Blackpink to play in Riyadh during 2023 world tour    Buraidah date festival sales exceed SR62m in one week    Manchester United must let Ronaldo leave, says Rooney    Saudi Arabia wins gold in Special Olympics Unified Cup in Detroit    Saudi team for Special Olympics Unified Football wins gold medal of World Cup    Evergrande gets $818m as football stadium land deal canceled    Egyptian U20 Football National Team Beats Algerian Counterpart to Qualify for 2022 U-20 Arab Cup Final Match    Saudi Arabia to Participate in the 5th Islamic Solidarity Games in Turkiye    Association of Culture and Arts in Dammam Announces Winners of "International Video Art Forum"    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    MoH Activates Sign Language to Communicate with Pilgrims with Deafness or Muteness During Hajj    Sheikh Al-Issa at Arafat sermon: Values of Islam foster harmony; eschew hatred and division    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Council of Scholars urges pilgrims to stay away from divisive acts    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New UN financing initiative goes live to power climate action
Published in The Saudi Gazette on 01 - 07 - 2022

A new UN-led financing tool to strengthen weather and climate forecasting, improve life-saving early warning systems, safeguard jobs, and underpin climate adaptation for long-term resilience, officially opened for business on Thursday.
The Systematic Observations Financing Facility (SOFF) is a key building block for a new initiative spearheaded by UN Secretary-General General António Guterres to ensure that early warning services cover everyone on Earth, within the next five years.
SOFF seeks to address the long-standing problem of inadequate weather forecasting and climate services, especially in Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
In support of the Paris Agreement on climate change, it will strengthen the international response to keeping global warming to 1.5 degrees Celsius, "by filling the data gaps that limit our understanding of the climate", according to a press release issued by the World Meteorological Organization, WMO.
These gaps affect national agencies' ability to predict and adapt to extreme weather events such as floods, droughts and heatwaves, all of which are on the rise, in line with the warming climate.
Heads of the three founding agencies, WMO, the UN Development Programme (UNDP) and UN Environment Programme (UNEP), joined ministers from donor countries, LDC Group members, Alliance of Small Island States (AOSIS) representatives and development partners, at the first SOFF Steering Committee meeting in Helsinki on Thursday to get the facility up and running.
"As the climate crisis worsens, it is crucial that we boost the power of prediction for everyone so countries can reduce disaster risk", said the UN chief.
"That is why we have launched an initiative to ensure that every person on Earth is protected by early warning systems within the next five years. SOFF is an essential tool to achieve this. I thank all the countries that are providing initial funding to the SOFF UN Multi-Partner Trust Fund and urge others to do the same".
"Early warning systems are built on the foundation of weather observation data, but this foundation is patchy to non-existent in many in LDCs and African countries," stated Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition.
"I want to congratulate all the countries that have come forward and announce or soon will announce their financial contributions to the SOFF UN Multi Partner Trust Fund. I urge others to follow suit and help create a strong global data foundation upon which timely, accurate, people centered early warning systems can be built for everyone. Our collective efforts are needed more than ever."
WMO Secretary-General, Petteri Taalas, pointed out that today, less than 10 percent of required basic weather and climate forecasting systems are available from SIDS and LDCs.
"The world urgently needs this data and this is why SOFF will be a partnership of equals where everyone has a role and responsibilities."
SOFF provides benefits not only to the most vulnerable countries, but to all countries across the globe, said WMO. The improved availability of weather and climate observations enabled by the SOFF are essential if the world community is to realize the 162 billion US dollars annually in socio-economic benefits of weather and climate prediction.
Inger Andersen, UNEP Executive Director, emphasized that "now is the time to begin business by providing financial resources and technical capacity, by ensuring that from local to the global, all our actions can be informed by the best science and the best data. My deep thanks to the generous funders who will announce their firm pledges today. I encourage all to follow suit because now is the time to roll up our sleeves and get to work for people and for planet."
UN Under-Secretary General and UNDP Associate Administrator Usha Rao-Monari followed, adding that "The United Nations Development Program is a proud co-founder of the SOFF UN Multi-Partner Trust Fund. Together with WMO and UNEP we are building upon the momentum generated over the past two years and I want to sincerely thank all stakeholders that contributed to the development of the SOFF. The specialized support provided by SOF is needed more than ever." — UN News


Clic here to read the story from its source.