Climate change adaptations have the potential to disrupt available funding or to deplete national budgets of poorer countries. With the financial impact of climate change events already witnessed on a large scale over several years, Namibia will need to investigate financial options both within the country and externally.
The United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol make provision for parties with more resources to financially assist those countries where the inhabitants are more vulnerable to due budgetary limitations.The parties to the UNFCCC assigned the operation of the financial mechanism to the Global Environment Facility (GEF) which is accountable to the Conference of Parties (COP) to decide on GEF's climate change policies, programme priorities and eligibility criteria for funding.
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