Oireachtas Joint and Select Committees
Tuesday, 22 October 2024
Joint Oireachtas Committee on Climate Action
Engagement with Minister for the Environment, Climate and Communications on COP29
12:30 pm
Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source
That it key. It is part of the reporting, tracing and accountability issue I mentioned earlier. It has taken us time to set up some of the funds. Everyone recognises the Green Climate Fund was slow to start and bureaucratic in its formation, but we have learned the lessons and it is starting to deploy more capital. Often what countries are looking for is speed and ease of accessibility as much anything else. Sometimes it can be an administrative burden, especially for small island states that do not necessarily have the resources but there are high-impact risks if a typhoon hits. One of the issues we must consider is how to provide specific funding, in particular for smaller island states and smaller less developed and developing countries, to give them the capability to access the funds.
It is almost about resourcing their administrative systems, which will be key, especially in smaller states. A lot of the funding we deploy is done directly through links with our embassies and NGOs such as Trócaire, Concern, Christian Aid, and so on. We also fund and support the likes of the adaptation fund, to take one example. Sometimes we are best doing it through international funds. We use a mix of different vehicles. The governance and accessibility of the funds will be one of the key issues.
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