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Gender Equality Crucial in Global Climate Fight, But Finance Gap Persists

Gender equality is key to climate resilience. Yet, marginalised groups face barriers to accessing finance and resources. Some countries are leading the way in bridging this gap.

In this picture we observe few women are standing and wearing bikinis.
In this picture we observe few women are standing and wearing bikinis.

Gender Equality Crucial in Global Climate Fight, But Finance Gap Persists

The global fight against climate change is recognising the crucial role of gender equality and the unique contributions of marginalised groups in building resilience. This is evident in the policies of nations like Tuvalu and Fiji, which are integrating gender into their climate change plans. However, significant challenges remain in ensuring that climate finance reaches and benefits everyone equally.

Tuvalu's Nationally Determined Contribution (NDC) roadmap underscores the importance of integrating gender as a key element in climate change planning. Similarly, Fiji's National Adaptation Plan (NAP) has a specific objective on gender equality and empowering women in climate change decision-making and access to finance. Despite these strides, integrating gender into climate financing remains a challenge, with gender analysis often overlooked.

The scale of climate finance is vast, amounting to around US$803 billion per year, but it falls short of what's needed to meet Paris Agreement goals. A mere 2% of bilateral aid, totalling $469 million, was allocated to initiatives with women's economic empowerment as a primary objective in 2020 and 2021. This highlights the urgent need to redirect funds to better support marginalised groups, including women, who face barriers to accessing financial resources, productive assets, technology, and information to respond to climate change.

Some countries are leading the way in integrating gender dimensions into their climate finance. Canada, Sweden, and Germany, for instance, are promoting gender equality, enhancing women's participation in climate action, and ensuring that climate projects address the specific needs and roles of all genders. Fiji, too, has revised its NAP to include a gender mainstreaming strategy and a Gender and Climate Change Action Plan.

To build true climate resilience, countries must prioritise gender equality in climate finance. This means addressing the barriers to financial inclusion for women and ensuring that climate projects benefit everyone, regardless of gender. By doing so, we can harness the full potential of all communities in the global effort to combat climate change.

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