Gulf Newsbreak
    What's Hot

    Meta Materials and Panasonic Industry Collaborate on Next Generation Transparent Conductive Materials

    September 29, 2023

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    U.S. Polo Assn. Launches Global Fall-Winter 2023 Collection

    September 26, 2023
    • Home
    • Contact Us
    Facebook X (Twitter) Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    News

    OPEC fund loans $120 million to Panama to tackle climate change

    January 26, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    To support Panama’s climate action, adaptation, resilience, and mitigation policies, the OPEC Fund is providing a $120 million loan. “Panama Support Programme for the National Climate Change Policy” aims to mitigate, contain, and reverse the effects of climate change, supporting Panama’s long-term climate change commitments.

    OPEC fund loans $120 million to Panama to tackle climate changeWith an additional US$320 million sovereign loan, CAF – Development Bank of Latin America is supporting the project with the OPEC Fund. Panama is a carbon neutral country that contributes almost no emissions to global warming, but is highly vulnerable to its effects.

    There have been significant losses caused by natural disasters and extreme weather events like floods, droughts, tropical cyclones, tsunamis, and the El Nio-La Nia climate pattern. Through inclusive, sustainable, low carbon and climate resilient development, Panama aims to accelerate this transition.

    The “Panama Support Programme for the National Climate Change Policy” supports three policy areas: climate action, adaptation and resilience, and mitigation. A comprehensive set of policy actions and regulations is included in this document.

    As part of these initiatives, a low-carbon development strategy and energy transition agenda will be implemented, clean and renewable energy generation will be promoted, climate resilience will be increased, water management will be improved, and electric transportation will be promoted.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Africa faces skyrocketing costs of climate change, projected to reach $440 billion

    September 5, 2023

    Revolutionary acoustic study sets new standard for marine conservation in the UAE

    September 2, 2023

    MENA Newswire reconfigures the algorithm of organization generated content

    September 1, 2023
    Latest News

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    The United Nations Conference on Trade and Development (UNCTAD) has sounded the alarm for a swift and…

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023
    Business

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    September 29, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023
    News

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023
    Travel

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    Air Canada faces backlash as passengers evicted for refusing vomit-soaked seating

    September 7, 2023

    Mombasa becomes flydubai’s newest destination in African expansion

    September 2, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.