King Directs Government To Draw Up Comprehensive National Strategy For Climate Finance
During the meeting, attended by HRH Crown Prince Hussein, His Majesty emphasised the need for technical support programmes that enable the public and private sectors to leverage available climate finance and carbon-reduction tools, to drive best practices toward achieving local and global environmental and climate targets, according to a Royal Court statement.
The King underscored that climate finance is essential to advancing environmental goals and long-term sustainable development.
His Majesty was briefed by Minister of Planning and International Cooperation Zeina Toukan on progress in the climate finance field, in particular Jordan's securing of $295 million in funding from the Green Climate Fund (GCF) for the National Water Conveyance Project, the largest GCF fund granted to a single project, in addition to Jordan's selection as host country of the GCF's regional office for the Middle East, Central Asia, and Eastern Europe.
Green finance aims to channel resources towards economic activities that help to protect the environment and reduce pollution, whilst climate finance focuses on tackling climate change, reducing emissions, and adapting to its effects, thereby contributing to meeting sustainable development goals.
Prime Minister Jafar Hassan, Director of the Office of His Majesty Alaa Batayneh, and Minister of Environment Ayman Suleiman attended the meeting.
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