Somalia Launches Climate Investment Plan Worth $12.8 Billion

ANTALYA — The President of Somalia, Hassan Sheikh Mohamud, has launched the National Investment Plan for the Third Initiative on Climate Change Adaptation in the city of Antalya, Turkey, which requires an investment of $12.8 billion over the next ten years.

The President, accompanied by the Minister of Environment and Climate Change, General Bashir Mohamed Jama, stated that this plan is part of Somalia's efforts to address the increasing impacts of climate change. The plan consists of seven key pillars, 27 programs, and 44 investment initiatives, focusing on the development of agriculture, livestock, fisheries, water, energy, health, and environmental protection.

Hassan Sheikh mentioned that Somalia has prepared extensive plans to tackle environmental challenges, but it is crucial to secure funding and international cooperation to ensure their implementation. He noted that international support is essential for reducing the impacts of droughts and floods and strengthening community resilience to adapt to climate change.

The launch event was attended by representatives from the Danish government, the World Bank, United Nations agencies, and the African Development Bank. Representatives from these agencies discussed funding opportunities and technical support for implementing the plan, which Somalia sees as a vital part of efforts to enhance economic and social resilience in the face of climate threats.

The President, accompanied by the Minister of Environment and Climate Change, General Bashir Mohamed Jama, stated that this plan is part of Somalia's efforts to address the increasing impacts of climate change.

The plan consists of seven key pillars, 27 programs, and 44 investment initiatives, focusing on the development of agriculture, livestock, fisheries, water, energy, health, and environmental protection.

Hassan Sheikh stated that Somalia has prepared comprehensive plans to tackle environmental challenges, but it is crucial to secure funding and international cooperation to ensure their implementation.

He noted that international support is essential for reducing the impacts of droughts and floods, and strengthening the community's capacity to adapt to climate change.

The launch event was attended by representatives from the government of Denmark, the World Bank, United Nations agencies, and the African Development Bank.

The representatives of these agencies discussed funding opportunities and technical support for implementing the plan, which Somalia sees as a vital part of efforts to enhance the resilience of the economy and society facing climate threats.