The Systematic Observations Financing Facility (SOFF): Exploring Opportunities for ADB
The Systematic Observations Financing Facility (SOFF) established at COP26 in Glasgow, aims to mobilize $200 million in grant funds to support LDCs and SIDS improve their weather observation infrastructure. The support includes (i) TA resources to undertake initial assessments; (ii) grant resources to establish observation infrastructure, and (iii) results-based financing to support the maintenance of observation infrastructure.
ADB, as a member of the Alliance of Hydromet Development, is considering becoming a SOFF implementing entity. Markus Repnik, Director of Development Partnerships at the World Meteorological Organization (WMO) presented the SOFF and discussed opportunities to access this innovative finance for weather and climate observations.
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 14 Dec 2021 | Opening | Opening Remarks | Steven Goldfinch |
| 14 Dec 2021 | Presentation |
Systematic Observations Financing Facility (SOFF): Briefing for ADB Operations Staff This presentation gives an overview of the successful application of weather and climate services through the Systematic Observation Financing Facility... |
Markus Repnik, Lorena Santamaria |
| 14 Dec 2021 | Questions and Answers |
Moderator: Steven Goldfinch |