COP23 Presidency Trust Fund received more than $11m in donations: Semi-annual report
3 December, 2018, 9:27 am
THE COP23 Presidency Trust Fund received more than F$11million from November 1, 2017, to April 30, 2018.
And this the Fund received in the form of donations.
In the Fund’s second semi-annual report tabled in Parliament last week, it noted that the major donors comprised of Germany (F$4.1million), UK (F$1.9m and further over F$2m pledged) and Russia (F$1.6m).
The report noted significant donations were also received from Belgium, Estonia, Korea, Spain, Qatar and the Australia and New Zealand Bank for support of the PreCOP Blue Ocean event.
The report further stated that the Asian Development Bank (ADB) contributed (F$2m) and philanthropic foundations ClimateWorks and European Climate Foundation also contributed.
The report also noted a much-appreciated donation that was received from the Delai Narona Trust from the gate takings of their COP23 Rugby Sevens tournament in Tavuni, Fiji.
The semi-annual report stated that expenditure of the Fund for that period amounted to more than F$8.5m, leaving a balance of just over F$16m, prior to the payment of Bonn and Bangkok intersessional meetings, the 2nd Climate Acton Pacific Partnership Conference, COP24 and other legacy initiatives and residual costs.
The report stated that the Fund was not the only vehicle for financing COP23 Presidency activities citing a number of donor nations, who in keeping with their own domestic requirements, had chosen separate funding vehicles.
This included USA, Norway, Switzerland, Italy (part) and the European Commission (part) which opted to make their contributions through a COP23 Project Fund in the United Nations Framework Convention on Climate Change (UNFCCC) Trust Account.
New Zealand also provided a secondment to assist with the scheduling and management of the Fiji Pavilion at COP23. Canada has contributed through the United Nations Development Programme (UNDP).