United States Agency for International Development (USAID) has launched its Climate Change Adaptation Project worth USD 10.5 million in the Maldives.
This 5 year project will use market-based solutions to enhance adaptation efforts. Speaking at the ceremony Mission Director of USAID to Maldives Reed Aeschliman said that the Climate Change Adaptation project responds to U.S. and Maldivian calls to action to address the climate crisis.
“Our Climate Change Adaptation project responds to U.S. and Maldivian calls to action to address the climate crisis,” said USAID’s Reed Aeschliman. This $10.5m, 5-year project will use market-based solutions to enhance adaptation efforts. @MoEnvmv @USAIDEnviro #ClimateAction pic.twitter.com/ykK9sJODyp— USAIDMaldives (@USAIDMaldives) March 15, 2022
Min. of Environment, Climate Change and Technology, Aminath Shauna also speaking about the project stated that despite contributing least to global warming, the Small Island States such as the Maldives are being impacted first and most severely by the climate crisis.
This project is in line with the government’s Strategic Action Plan to create resilient communities through strengthening adaptation actions and opportunities, and building climate-resilient communities to address current, as well as future vulnerabilities. Under the project, USAID will aid in identifying and scaling up innovative solutions for climate-related challenges and engage the private sector to invest in the adaptation activities.