Africa-Press – Cape verde. From today onwards, Cape Verde has a National Investment System (SNI) platform, which now includes climate and disaster risks in the pre-selection of projects.
Cape Verde now includes climate risks in the pre-selection of projects
“The SNI platform establishes a standardized system for pre-screening, prioritizing and pre-selection of new project proposals that includes considerations on climate risks and disasters, with the aim of progressively increasing the quality and resilience of public investment”, reads- in the order published in the Official Gazette.
The document points out that Cape Verde is an archipelago in the middle of the Atlantic Ocean with “high vulnerability” to meteorological phenomena, as demonstrated in recent years by years of prolonged drought interrupted by periods of intense rain.
“Climate change is expected to further increase the risks of losses and losses”, he adds.
Thus, there is now a minimum table of 16 criteria that proposals must integrate and with which public servants who deal with the formulation and evaluation of projects will become familiar – as well as other promoters.
Among these criteria, the question is whether the projects characterize the frequency of adverse natural events in the implementation area and whether possible losses are identified.
“Proposals for new projects must require the proposing entities to answer a set of short questions” about the basic idea of the initiative and the management of climate and disaster risks, the order highlights.
The Government intends for there to be a “gradual incorporation” of the analysis of that type of risks.
The exposure of small island developing states (SIDS) to climate change is very high, argues this group of countries, part of which met in August, in Praia.
The Cape Verdean Government is one of those that has asked for the valorization of criteria related to exposure to climate risk in access to financial markets and concessional support, under penalty of – looking only at economic and financial indicators – misrepresenting the needs of SIDS.
One of the indicators whose wider use has been advocated is the Environmental Vulnerability Index (EVI), co-developed by the UN and partners, and which includes criteria such as the number of people living in coastal or arid areas, as well as the percentage of wealth in the country that derives from agriculture,
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