World Bank and GCF sign Accreditation Master Agreement for Tina river hydro




THE World Bank (WB) and Green Climate Fund (GCF) have signed an Accreditation Master Agreement which will soon see a roll out of the much awaited fund for the multi-million Tina River Hydro project in Central Guadalcanal.

The signing which was done in Bonn, Germany this week and was witnessed by Permanent Secretary of the Ministry of Environment, Climate Change, Disaster Management and Meteorology Melchior Mataki and Solomon Head of delegation to COP23 and Chief Negotiator, Collin Beck who is also Solomon Islands Ambassador to Australia.

Dr Melchior told Island Sun in Bonn this week that this an overall agreement governing the relationship between the two organisations.

“The AMA is between GCF and WB. After the AMA, then the Funded Activity Agreement (FAA) will need to be signed and this will then see the disburse of funds. However, the FAA cannot be signed without AMA being signed,” he said.

Dr Melchior said funds will follow after FAA, but the ministry do not have a date as yet but we are calling for it to done soonest.

The Solomon Islands government delegation is undertaking four key tasks for multilateral global process on climate change at the 23rd Conference of Parties (COP23) here in Bonn, Germany.

Dr Melchior informed Island Sun that this is part of global climate action under the Paris Agreement to increase renewable energy and reduce the amount of greenhouse emissions from fossil fuel.

“One of the things that we are seeking here is more global cooperation to ensure more action is done on climate change front, action is slowly coming. The Green Climate Fund (GCF) which we receive from Tina Hydro is part of mechanism of Paris Agreement,” says the Chief Negotiator His Excellency Ambassador Collin Beck.

Speaking to local journalists in Bonn, HE Beck adds that it is important to increase the ambition of the Paris Agreement, and with Fiji’s Talanoa facilitating dialogue, will assist in trying to put pacific views in the 1.5 degrees partway.

Negotiators in Bonn have until Tuesday to finish their work and capture the progress made thus far in this session.

Heads of state and ministers arriving in Bonn Wednesday, and will have to create conditions for rapid progress next year in the rulebook negotiations, as well as accelerating urgent action on the ground in the coming months and years.

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