To raise Lesotho’s ambitions in emission reduction /enhance their sinks and build climate change resilience leading to a prosperous sustainable economy.
On a crisp morning in Maseru on the 25th of July, the streets came alive with the energy of purpose
The Green Climate Fund (GCF) convened a multi-day stakeholder engagement session in Lesotho to foster deeper understanding of GCF operations
The Lesotho Meteorological Services (LMS) is the national meteorological agency of the Kingdom of Lesotho.
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Like the Adaptation Fund, the Climate Investment Funds constitutes a climate funding stream that many African countries are not able to access. CIF is an enabler of pioneering climate-smart planning and climate action in low and middle-income economies, many of which are the least prepared yet the most prone to the challenges of climate change. CIF responds to the worldwide climate crisis with large-scale, low-cost, and long-term financial solutions to support countries achieve their climate objectives. In Lesotho, there is only a single project with finance from the fund. The project, entitled “Lesotho Renewable Energy and Energy Access Project”, is geared towards funding renewable energy investments. The fund is accessed through the Ministry of Finance and Development Planning in Lesotho. (The Climate Investment Funds (CIF)).
The Special Climate Change Fund is also being governed by GEF and Lesotho has not accessed funds as the fund is dry majority of the time. Lesotho as an LDC competes with other developing countries to access the funds. (Special Climate Change Fund – SCCF | GEF)
The LDCF, which is governed by GEF, is a vital source of climate funds in the context of Lesotho. It constitutes the most significant finance stream in Lesotho, having funded national projects to the tune of over US$ 36 million as of 2022. Indeed, it is second in significance to the GEF Trust Fund only in terms of the number of nationally funded projects (8 national projects compared to 15 for GEF). Regarding sectoral distribution and focus of LDCF, the data suggests that LDCF resources are geared towards water resources management, enhancing the resilience of agricultural production and food systems, and climate information services and capacity building. (Least Developed Countries Fund – LDCF | GEF)
The Adaptation Fund is one of the least accessed climate funds and Lesotho just accessed funds (count of US$ 10 million) through Word Food Programme as the accredited entity. The project, entitled “Improving adaptive capacity of vulnerable and food-insecure populations in Lesotho”, is being implemented and pertains to agriculture and food security. It is accessed through LMS and Accredited Entity (AF | Adaptation Fund)