European Commission hands Maldives €6.5 million for climate adaption
29 Dec 2009, 8:05 PM
The European Commission has pledged €6.5 million (US$9.36 million) to help the Maldives adapt to the effects of climate change and mitigate the impact, and provide technical support.
The new Climate Change Trust Fund will be administered by the World Bank in a deal cemented between President Mohamed Nasheed and World Bank President Robert Zoellick at Copenhagen.
“The European Commission has given the money to the World Bank and asked them to manage it,” noted Minister for the Environment, Mohamed Aslam. “I believe the contract is already signed and the World Bank office in Sri Lanka informed me they were receiving it by courier today.”
The money was not part of the US$30 billion pledged at Copenhagen by developed nations to help developing countries adjust to climate change, Aslam emphasised, and was the fruition of an ongoing program “long before the [Copenhagen] accord.”
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