On January 17, U.S. time, the Japan International Cooperation Agency (JICA), together with the U.S. Department of the Treasury, the U.S. Agency for International Development (USAID), and the International Development Finance Institutions (MDBs)*, announced an “Action Plan for Financing Climate Change Resilience with a Focus on Extreme Heat.
Recognizing that Extreme Heat has significant impacts on a wide range of sectors, including food, water, energy, education, livelihoods, and health, this action plan calls for 10 actions, including the promotion of private investment, to advance climate resilience financing with a focus on Extreme Heat It is a call to action for a broad range of stakeholders.
Extreme heat events occur all over the world and are increasing in frequency and magnitude each year. This trend is likely to continue and intensify further. Developing regions are particularly vulnerable, with heat waves causing droughts, school closures, and difficulties in outdoor work.
In light of this situation, a high-level meeting on extreme heat was held last June hosted by U.S. Treasury Secretary Yellen and USAID Administrator Power, and JICA President Tanaka attended the meeting along with the MDBs’ presidents.
JICA, whose mission is “human security,” has also included the realization of a climate resilient world in its Sustainability Policy, and based on this action plan, JICA will continue to promote collaboration with its development partners and contribute to developing regions in order to realize a climate resilient world.
(*) The MDBs that participated in the high-level meeting on the formulation of the action plan are the World Bank, Asian Development Bank, African Development Bank, Inter-American Development Bank, and European Bank for Reconstruction and Development.
© Source JICA
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