Namibian banks and companies have raised N$1,8m to support the country’s participation at COP28 in Dubai.
The Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) is an international climate summit held every year unless the Parties (the countries involved) decide otherwise.
There are now 198 Parties (197 countries plus the European Union) to the Convention, constituting near-universal membership.
COP28 will start on 30 November until 12 December 2023 in the United Arab Emirates under the theme Transforming Climate Finance.
Bank Windhoek donated N$300,000, Capricorn Foundation N$200,000, RMB Namibia N$200,000, and Standard Bank Namibia N$50,000.
More donations came from Ninety-One Namibia (N$100,000), Climate Fund Managers (N$100,000), NASRIA (N$50,000), and NamibRe (N$50,000), UNDP (N$20,000).
Namibia Agronomic Board gave N$600,000, and the Abu Dhabi-based Cranmore Partners gave N$182,943 or US$ 10,000 equivalent.
The money was used to put up the pavilion, described as a strategic platform, eloquently articulating the nation’s climate goals and spotlighting sustainable practices outlined in its National Determined Contributions (NDCs).
Environmental Commissioner Timoteus Mufeti said the pavilion’s vital role is to be a dynamic hub for knowledge exchange, fostering collaborations, and showcasing innovative solutions.
Mufeti also said the pavilion leverages COP28 as a robust climate change negotiation platform for Namibia, the pavilion sponsorship event is an integral part of the COP28 delegation’s pre-departure meeting.
