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News: India and other countries announced plans to set up national ‘country platforms’ for climate and nature finance at COP30.
About Country Platform for Climate and Nature Finance
- It is a strategic, country-driven mechanism that translate climate priorities into programmatic investment approaches.
- Announced at: The initiative was announced at a ministerial event during COP30 in Belem, Brazil.
- Aim: The aim of the country platform is to replace a fragmented project approach with a coordinated, country-led system that aligns stakeholders, financing flows, and policies with the country’s climate and nature priorities.
- Coordination with Global Funds: The Green Climate Fund, with climate finance commitments of $19 billion, coordinates and supports these platforms.
- Members
- Members include 13 countries: India, Cambodia, Colombia, Kazakhstan, Lesotho, Mongolia, Nigeria, Oman, Panama, Rwanda, the Dominican Republic, Togo, South Africa, and a regional alliance – The African Islands States Climate Commission (AISCC).
- Total no of country platform: With these (members named above), total number of platforms become 16, which also includes:
- Brazil country platform
- Caribbean regional platform
Note : For detailed information on The Green Climate Fund read this article here.
