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Belgium pledges climate ‘loss and damage’ funding for Mozambique

11, Nov 2022 313 Views

Belgium on Monday became only the third nation in the world to pledge funding to help developing countries cope with unavoidable damage and losses caused by climate change, offering 2.5 million euros in support for Mozambique. While relatively small, the funds have an outsized significance, announced as more than 100 world leaders gather in Sharm el-Sheikh, Egypt, for the U.N. COP27 climate summit – where the urgent need for funding to support developing countries facing climate change-fuelled disasters will dominate the talks. Minister for Development Cooperation Frank Vandenbroucke said Belgium would allocate 2.5 million euros ($2.5 million) to climate change “loss and damage” out of a new 25-million-euro package of support for Mozambique from 2023 to 2028, which would also support projects like installing solar panels in regions not connected to the power grid. “We are going to intervene on the ground to help the inhabitants to better protect their communities and their environment against natural disasters such as cyclones and floods, which are increasingly violent due to climate change,” Vandenbroucke said in a statement. Previously only Scotland and Denmark had pledged funding for climate-linked loss and damage, as well as the Belgian region of Wallonia. Major polluters including the United States and European Union have blocked poorer countries’ past attempts to secure such funding, fearing liabilities for their historic contribution to the greenhouse gas emissions fuelling climate change. Ahead of the COP27 summit, dozens of developing countries have united in demanding that countries agree to a funding facility where rich nations would provide loss and damage cash to vulnerable states. Mozambique is one of the poorest countries in the world and among the most vulnerable to climate change, facing extreme weather including cyclones, droughts and catastrophic floods which in recent years have ravaged crops, polluted water supplies and forced people to flee homes. Cyclone Idai, which struck the southern African country in 2019, caused about $1.4 billion in damage and $1.39 billion in losses, according to an International Labour Organization assessment. The Belgian government statement did not specify whether the money would focus on avoiding losses by preparing for more extreme weather events or if it would compensate communities for losses after a climate-related disaster. Source: Reuters

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01, Dec 2022 317 Views
Economy

Mozambique: Parliament will spend 3.1 billion meticais next year – Notícias

01, Dec 2022 355 Views
Economy

Mozambique: EMOSE wins contract to provide disaster insurance – Carta

01, Dec 2022 439 Views
Business

CPLP: New head of business confederation calls for development bank

02, Dec 2022 277 Views
Economy

Mozambique: Government seeking reform of Tmcel and LAM – AIM

02, Dec 2022 327 Views
Economy

Mozambique: Central Bank holds monetary policy interest rate steady – AIM report

02, Dec 2022 314 Views
Economy

Mozambique: Prime rate rises from 22.5% to 22.6% in December

02, Dec 2022 400 Views
Economy

Mozambique: Sweden and ILO sign Mou on MozTrabalha, fase II

02, Dec 2022 439 Views
Economy

INAE proposes incineration of smuggled alcoholic beverages and their means of transport – O País

02, Dec 2022 354 Views
Others

Mozambique: NGO warns that oil and gas sector is vulnerable to corruption

05, Dec 2022 334 Views
Others

Mozambique: Nyusi inaugurates heavy sands project in Chibuto – Watch

05, Dec 2022 469 Views
Economy

Mozambique and SA commit to moderating dam discharges to avoid floods

05, Dec 2022 379 Views
Economy

NGO accuses Bank of Mozambique of lack of transparency in the management of Covid-19 funds

05, Dec 2022 307 Views
Economy

US Exim Bank to host presidents of Angola, Mozambique at its annual conference

08, Dec 2022 288 Views
Tourism

Mozambique: LAM ensures scheduled flights

08, Dec 2022 310 Views
Economy

Government of Maputo Province has no money to build bridge over the Umbeluzi in Boane

08, Dec 2022 362 Views
Business

Mozambique: Sale of vehicles / payment in cash increases risk of money laundering – AIM report

08, Dec 2022 456 Views
Business

Mozambique and Pakistan sign MoU on trade and investment

08, Dec 2022 368 Views
Economy

Port of Maputo increases cargo handling to more than 26 million tons this year

08, Dec 2022 505 Views
Tourism

Mozambique: President launches new eVISA system

08, Dec 2022 303 Views
Tourism

Mozambique launches eVISA platform – AIM report

08, Dec 2022 290 Views
Tourism

Mozambique: Flag-carrier in ‘alarming situation’ – CIP

08, Dec 2022 371 Views
Economy

Cooking gas reduces by about 7 meticais

19, Dec 2022 418 Views
Others

Maputo river flow is above alert level

19, Dec 2022 416 Views
Economy

Gaza awards more “Made in Mozambique” stamps

20, Dec 2022 355 Views
Economy

TO INCREASE PRODUCTIVITY: Brazil promises to transfer agricultural technology to the country

20, Dec 2022 301 Views
Others

CityLink suspended conveyor

20, Dec 2022 468 Views
Tourism

Tourism projects ambitious goals with e-Visa

21, Dec 2022 302 Views
Economy

BY THE PUBLIC PROSECUTION OFFICE, IN SOFALA: Chinese investor accused of money laundering

21, Dec 2022 299 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 373 Views
Economy

Mozambique among countries with high risk of money laundering

27, Dec 2022 340 Views
Economy

Mozambique's biggest supplier is the United Arab Emirates

27, Dec 2022 421 Views
Economy

HCB will have a loan of 100 Euros for rehabilitation

28, Dec 2022 318 Views
Others

Stewart Sukuma is an honorary citizen of Quelimane

28, Dec 2022 471 Views
Economy

Exports generate six million dollars in 2022

28, Dec 2022 339 Views
Economy

HCB will have a loan of 122 million Euros for rehabilitation

29, Dec 2022 300 Views
Economy

IMF predicts that a third of the world economy will be in recession this year

03, Jan 2023 277 Views
Economy

MOVEMENT IN THE FESTIVE QUADRA: Tourism revenues grow by 200 million meticais 2 days ago

05, Jan 2023 393 Views
Economy

Accountants say the 1% VAT reduction is insignificant

05, Jan 2023 253 Views
Economy

Mabote district will produce more than six thousand tons of cashew nuts

05, Jan 2023 425 Views
Economy

TSU: Commission proposes reduction of salaries and benefits of leaders and sovereign bodies

11, Jan 2023 438 Views
Economy

Reduces gas produced and exported by Mozambique

11, Jan 2023 409 Views
Economy

DDR creates risks in public financial management in 2023

11, Jan 2023 417 Views
Economy

AT president calls on tour operators to pay taxes

12, Jan 2023 300 Views
Economy

Internal production helped control prices at parties

12, Jan 2023 399 Views
Others

There is a risk of cholera outbreak in Maputo City

12, Jan 2023 365 Views
Economy

Nyusi invites G-20 economies to invest in industrialization

16, Jan 2023 317 Views
Economy

Mozambique gains new informal digital market

16, Jan 2023 568 Views
Economy

Electricity production expected to drop 12% this year

16, Jan 2023 322 Views
Others

There is evidence for extradition to Mozambique of kidnapping mastermind arrested in South Africa

17, Jan 2023 446 Views
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