Somalia has become a member of the global committee for implementing environmental finance, a group of six countries that are working together to overcome the challenges of climate change and environmental degradation.
The Somali government announced its joining of the committee in a ceremony held in Dubai, where the minister of environment and climate change of Somalia, Ms. Khadija Mohamed Makhzumi, spoke about the country’s vision and plans for achieving transformational change in the environmental sector.
Ms. Makhzumi said that Somalia faces many difficulties in obtaining adequate finance for the environment, which hinders its efforts to cope with the impacts of climate change, such as droughts, floods, and desertification. She also said that Somalia has ambitious goals for the nation, such as increasing the share of renewable energy, restoring degraded lands, and enhancing resilience and adaptation.
The global committee for implementing environmental finance is composed of six countries that have demonstrated leadership and innovation in the environmental field. The committee aims to improve the image of environmental finance in the world, to increase the efficiency and effectiveness of environmental projects, and to create a viable solution that will help the countries facing the environmental challenges to become a model for others.
The committee also includes environmental finance practitioners, who are experts in the field of environmental finance, and who are ready to provide technical assistance and guidance to the member countries. The practitioners are expected to help the countries to overcome the barriers, to access various sources of finance, and to implement best practices and standards in the environmental sector.
The Somali government expressed its gratitude to the committee and its practitioners for their support and cooperation, and said that it looks forward to working with them to achieve the common goals of environmental sustainability and prosperity.
