New financing of over US$300 million approved by OFID, along with implementation of Climate Action Plan.
The OPEC Fund for International Development (OFID) has approved more than $300 million in financing in the first quarter of 2023, in support of its Climate Action Plan. The OPEC Fund is committed to ensuring a positive impact on people and the planet through its efforts in Africa, Asia, and Latin America. Three out of the four projects approved by the OPEC Fund’s Governing Board directly support climate finance. OFID Director-General Dr. Abdulhamid Alkhalifa said that these efforts will help partners enhance their climate policies while boosting resilience to climate change.
In September 2022, the OPEC Fund adopted its first dedicated Climate Action Plan, which commits the organization to increase the share of its climate financing to 40% of all new financing by 2030. The plan also aims to mainstream climate action into the project cycle, increasing climate adaptation, mitigation, and resilience investments in energy, transport, agriculture, food, water, and smart cities.
The OPEC Fund Governing Board approved various projects, including a €50 million loan to Armenia, which will support policies for increasing climate resilience and mitigation. The loan will finance environmental impact assessments and series of reforms concerning energy efficiency and air quality standards.
A $150 million loan to Colombia will support policies for the promotion of sustainable and resilient growth by fostering the government’s capacity to plan climate action and promote energy transition. The loan will also focus on the promotion of climate-smart agriculture and food systems.
A $100 million loan to India will help finance a 56 km ring road around one of the country’s largest cities, serving a population of more than 4 million people. The financing will also be supported by a $410,000 grant, which will contribute to project preparation and implementation. This project will improve the city’s transport infrastructure and reduce greenhouse gas emissions.
Another project to Seychelles with a $20 million loan will help the country strengthen policies to promote inclusive and sustainable growth. The project aims to undertake climate-related reforms to land development, consumer data protection, and fishing regulations. The project will also support investment in renewable energy and energy efficiency, particularly in the building sector.
The OPEC Fund’s Climate Action Plan aligns with the United Nations’ Sustainable Development Goals and the Paris Agreement, which seek to limit global warming to well below 2 degrees Celsius above pre-industrial levels. The OPEC Fund’s initiatives aim to support developing countries to adapt to the impacts of climate change while transitioning to low-carbon and climate-resilient economies.
Ntrpbq
ivermectin 6 mg for humans for sale – order atacand 8mg without prescription buy tegretol medication
January 3, 2025Potkzk
brand accutane – decadron ca where can i buy linezolid
January 20, 2025Sbkyga
order amoxil sale – amoxicillin ca buy ipratropium 100mcg sale
January 21, 2025Oybuod
azithromycin 250mg us – buy tindamax pills buy nebivolol 5mg generic
February 4, 2025Bthqxw
order omnacortil 20mg pills – omnacortil 20mg us buy prometrium 100mg without prescription
February 4, 2025Fzaahb
buy lasix pill diuretic – where to buy piracetam without a prescription buy betamethasone 20gm for sale
February 11, 2025Qyzdhh
cheap neurontin generic – cheap anafranil 25mg buy itraconazole tablets
February 11, 2025Mxzzzd
amoxiclav brand – buy augmentin 1000mg without prescription order generic cymbalta 20mg
February 16, 2025Cptwjo
buy acticlate generic – order albuterol 2mg for sale cheap glipizide 5mg
February 18, 2025Bhnhqm
amoxiclav online – cost augmentin 375mg cymbalta 40mg canada
February 25, 2025Jobkgo
buy tizanidine generic – order plaquenil generic buy microzide without a prescription
March 1, 2025Qfexfi
real cialis sites – buy tadalafil 5mg sale viagra 100mg for sale
March 8, 2025Xpglcq
order generic viagra 100mg – viagra 50mg generic how much is cialis
March 10, 2025Vwnsfp
order atorvastatin 40mg online – generic lipitor 10mg purchase prinivil
March 16, 2025Oeloka
cenforce over the counter – aralen 250mg generic glycomet 1000mg pill
March 17, 2025Aiuprq
lipitor 20mg drug – order lipitor 20mg pills buy lisinopril 10mg generic
March 19, 2025Yhcjuj
order atorvastatin 40mg pill – generic amlodipine 5mg oral lisinopril 10mg
March 20, 2025Fulemo
buy omeprazole pills – buy lopressor 50mg generic tenormin 50mg price
March 22, 2025Ctwlnf
methylprednisolone tablets – buy aristocort without a prescription triamcinolone 10mg for sale
March 28, 2025Aktkqo
desloratadine for sale – brand priligy priligy 90mg pill
March 30, 2025Olwfmu
buy misoprostol paypal – how to buy misoprostol order diltiazem without prescription
April 1, 2025Vvzurj
buy generic zovirax – zovirax tablet buy crestor 20mg sale
April 7, 2025Dhvbis
domperidone 10mg brand – purchase flexeril for sale order flexeril generic
April 9, 2025Lkwtwi
buy domperidone pills – motilium oral buy cyclobenzaprine sale
April 16, 2025Hhyyht
order inderal 20mg sale – buy generic inderal order methotrexate 5mg sale
April 18, 2025Ulmaae
coumadin 2mg cost – reglan 10mg ca cozaar for sale
April 21, 2025Hgdvyl
purchase levofloxacin pills – order avodart ranitidine over the counter
April 25, 2025Cdinbe
buy esomeprazole tablets – buy esomeprazole 20mg without prescription buy sumatriptan generic
April 26, 2025Zjwejc
buy meloxicam 15mg online cheap – celebrex 200mg canada order flomax 0.2mg pills
May 1, 2025Udrwol
ondansetron sale – zocor 20mg without prescription order zocor generic
May 18, 2025qbkr3
buy modafinil buy modafinil 100mg sale provigil 200mg oral order provigil sale provigil 200mg tablet cost provigil 200mg provigil 100mg price
June 3, 2025ib5k2
get clomiphene pills generic clomid c10m1d how can i get cheap clomid buying cheap clomiphene no prescription how can i get generic clomiphene tablets how can i get generic clomiphene pill where to get clomid without dr prescription
June 4, 2025cialis for cheap
I’ll certainly return to review more.
June 9, 2025how do i get viagra or cialis
Greetings! Utter useful par‘nesis within this article! It’s the scarcely changes which liking obtain the largest changes. Thanks a a quantity in the direction of sharing!
June 9, 2025