Youth Engagement in Climate Finance: Challenges and Opportunities 

 

When it comes to climate action, youth and children face a dual challenge: on the one hand, taking responsibility for climate advocacy, articulation, and engagement, as well as having to care for their own futures and livelihood. Due to lack of access to funding, local, national, global projects and programs often struggle to ensure their long-term sustainability and effectiveness. You may have already experienced the limits of volunteerism, for example, during your climate engagement. This discussion comes at a critical time when we need paradigm-shifting initiatives to be undertaken in multiple geographical areas sparked by the minds, willingness and ambition of young people.

 

Furthermore, the process of allocating finances for climate action deliberation and decision-making appears distant from the reach of young people. This is often due to the presence of complex language and a lack of inclusivity, with youth frequently encountering unwelcoming environments in these spaces.

 

However, these barriers can also serve as fuel for youth to develop innovative solutions and alternative financing mechanisms. Successful examples of youth-led initiatives in this regard do exist!.

 

We want to highlight the importance of Youth Engagement in Climate Finance at the ECOSOC Youth Forum, the UN’s largest platform for youth voices. Therefore we kindly ask you as young changemakers and climate renegades to give your inputs to the below questions: 

 

  1. How do financial barriers, such as lack of access to funding and lack of understanding the financial opportunities negatively affect youth involvement in climate action?
  2. How can young people leverage technology and digital platforms to access climate finance and facilitate fundraising for climate projects?
  3. What alternative financing mechanisms can be explored to empower youth-led climate initiatives?
  4. Can you provide examples of successful youth-led climate initiatives that have overcome financial barriers?
  5. How can mentorship programs and partnerships with financial institutions help bridge the gap for youth in accessing climate finance?
  6. What are the capacities and skills that you feel in need to boost your climate project finance or fundraising?


 

Comments (252)

Olle Mjengwa Moderator

Hi everyone! My name is Olle Mjengwa and I am one of the moderators for this discussion room. I work as a Community Engagment Specialist with the Youth4Climate team at UNDP Rome Centre and look forward to hearing your thoughts and insights on the discussion questions:)

best of me christopher
christopher katangula

**Name:** Katangula Christopher
**Location:** Kampala, Uganda
**Occupation:** Journalist/Filmmaker
**Employment:** Tower FM (Production Manager), Film Industry (Producer)
**Specialization:** 3D Animation Short Films

**Bio:**
Katangula Christopher is a dedicated journalist, filmmaker, and TV producer based in Kampala, Uganda. With a passion for storytelling and a keen eye for visual aesthetics, he has established himself as a prominent figure in the media industry. Currently serving as the Production Manager at Tower FM, Katangula oversees the creation and delivery of engaging content across various platforms.

In addition to his role at Tower FM, Katangula is deeply involved in the film industry, particularly focusing on 3D animation short films. As a skilled producer, he brings creativity and technical expertise to every project, pushing the boundaries of storytelling through animation.

Originally from Uganda, Katangula is proud to contribute to the vibrant cultural landscape of his homeland. His commitment to excellence and innovation continues to drive his success in both journalism and filmmaking, making him a valuable asset to the media community in Uganda and beyond.

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Yusuke Sakai Moderator

Following Olle, greeting all!
I'm Yusuke Sakai, also co-moderator of this discussion room. I'm part of YOUNGO & engagement at local-level SDG projects managements :)
Excited to hearing and sharing voices regarding questions above!

Hager Elsayed Moderator

Following Olle and Yusuke.
Hello everyone! My name is Hager Elsayed and I am a co-moderator for this discussion room as well. I serve as a young climate negotiator in the Egyptian delegation and working as sustainable finance officer at ADCB, and look forward to your engagement and valuable insights on the discussion questions.

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Onyancha Dennis

Hi, my name is Onyancha Dennis, I would from Eldoret,Kenya, I would like to know what models are there to finance novel startup in waste management, in the wake of the circular economy within your institutions as panellists

Enock Lwathumba

Bonjour moi ce ENOCK Lwathumba Sibon je suis vraiment intéressé par les activités que vous prévoyez car j’encadre les jeunes pépiniéristes au nord Kivu et province d’ituri nous voulons que vous nous soutenez financièrement et matériellement dans la lutte contre le réchauffement climatique.

Just me
Mariano Ndovala

Hello, my name is Mariano Ndovala, but known as Nolan, I am Angolan. I am the president of CDJ-CONSELHO DEMOCRATICO JUVENIL, a philanthropic association with no curative purposes and governed by private law. But first, I wanted to know what the topic is to talk about.

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Onyancha Dennis

In regards to question a)How do financial barriers, such as lack of access to funding and lack of understanding the financial opportunities negatively affect youth involvement in climate action?
In the Context of Kenyan Government, access to financing is a tall order, we don't have clear policies and guidelines that ensure young people are considered in budget allocation, the financial institutions to some extent needs collateral and security to guarantee loans, the challenging in tribalism as nepotism, this has affected most promising initiatives hence the Innovator or entrepreneur giving up before seeing the benefits of the ideas generated
Some of the initiatives by young people are implemented by organizations that are being targeted to finance hence killing the morale of the initiator.
We should have a dedicated financial institution to guarantee financial support for the youth initiatives

Olle Mjengwa Moderator

Thank you for these insights Onyancha Dennis ! In the Kenyan context, why do you think the government and other stakeholders prefers to finance non-youth led innovations and initiatives? Also do you have any thoughts around how young people can leverage technology and digital platforms to access climate finance and fundraising for climate projects?

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Ropafadzo Beverly Munouya

Hello my name is Ropafadzo from. In terms of question a, lack of financing and proper financing institutions have a negative impact on young entrepreneurs as they do not know the proper channels to follow when seeking funding for their respective projects. Moreso there is no level playing field between a young entrepreneur and big companies.

Olle Mjengwa Moderator

This is a very good point Ropafadzo Beverly Munouya . In your opinion how can we level the playing field between young entrepreneurs and big companies? Also what are the skills and capacities that youth need to develop in order to access more financing for projects in climate action?

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Ropafadzo Beverly Munouya

Olle Mjengwa In my opinion I think entrepreneurs with innovative ideas have to be protected by governments, and also grants must be ready available for whoever has a viable idea along the climate change ideas. There also has to be non profit organizations that are willing to mentor entrepreneurs that it will equip them with the business know how.

Léon C'est la Vie Peke Koukou

Je suis Monsieur Peke koukou Léon C'est la vie de nationalité Centrafricaine expert national coordonnateur national d'une ONG nationale Groupement Agropastoral pour le Développement de Yongoro travaillant dans les domaines de la protection de l'environnement de la biodiversité et de la gestion durable des ressources naturelles de développements économique social et durable de l'agroécologies de la mise en place de l'agriculture intelligente, de renforcement des capacités des jeunes leaders communautaires dans les domaines de la protection de l'environnement basé sur la génie local et le dynamique social, nous sommes a la recherches des partenaires dans le monde entier pour signer une convention cadre de partenariat avec leurs institutions [email protected]

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Emmanuel Zopmal

Hi changemakers,
My name is Emmanuel Zopmal from Nigeria. I'm the President/CEO of Deep-Impact Empowerment Initiative.
Africa is the youngest continent on the planet, that's to say that youth constitute the highest percentage of the continent's population. It therefore means that youth should be the major drivers of the climate action to a sustainable environment.
Youth have the enthusiasm, energy, and ICT literacy. There is need to establish flexible Youth Fund for Climate Action so that youth climate activists around the globe can access for their climate action projects. The inaccessibility of support funds has limited the youth engagements in a paid-media system today. It has hindered the grassroots participation of young people on climate action especially in developing countries. The UN should identify key drivers of climate change based on regions of the world and youth groups engagement should focus on these drivers in their respective regions.
Beside this, there should be an early warning systems for each region in order to respond to unprecedented climate change impacts.

Olle Mjengwa Moderator

This is very insightful Emmanuel Zopmal . You make a good point that youth have high ICT literacy but my question to you is how can young people leverage their know how of IT, technology and digital platforms to access climate finance?

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Emmanuel Zopmal

Olle Mjengwa The youth capacity building should focus on thematic areas of climate change such as clean energy, extreme heatwaves, blue economy and other sustainable technologies to enable them drive the transition process. The youth also need sound advocacy skills. Equipping the youth with the right information on climate change will enhance their civic engagements towards policy changes

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Emmanuel Zopmal

Olle Mjengwa More so, i have mentioned earlier that first of all, access to climate finance should be made flexible. Rigorous processes and stiffer TOR won't help the youth access. Once they have access to finance, they can leverage their literacy to advance youth engagement on climate action.
Of course, I want to believe you are aware digital technology is capital-intensive.

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Yusuke Sakai Moderator

Emmanuel Zopmal This flexibility youth funding idea is very interesting! Do you know any existing (or ideal) funding / financing mechanism that may incorporate that “flexibility”?

Mizamili Gadafi Jamali

Hi my name is Gaddafi Mizamili the CEO of Figad Multibusiness Limited a social enterprise in Uganda that seeks to provide sustainable WaSH, Environment and resilient Climate change solutions. I believe for as to have a voice in providing sustainable Climate solutions as youths, first and foremost we need to confront our selves with uncomfortable questions.
1- what will be our promise to the generation yet to come?
2- Do we as youths have the courage of our fore fathers in confronting challenges?
3- Do we really believe that we need very strong faith if we are to realize our full potentials?
If we have correct answers for these questions as youths, we shall realize that nature not only require us but demanded that we should be on forefront in solving world's Climate challenges, these therefore means that there must be deliberate policies designed to suit Youth interventions through Climate financing. Funders should begin to appreciate working with local actors if we want to be impact based, this is because I believe local people have local solutions that works best for their context.

Hager Elsayed Moderator

Very good points Mizamili Gadafi Jamali , regarding financing the local solutions, as a just climate transition requires inclusive engagement of local actors, my question is what can we do to bridge the gap of climate finance to local level?

Aspiring Circular Economist
Vimbainashe T Chigara

Hello I am Vimbainashe T. Chigara, a proud environment and climate student and an aspiring circular economist from Zimbabwe.

Lack of access to funding limits the ability of young people to implement their ideas and initiatives aimed at addressing climate change. In Zimbabwe, without financial support, it becomes difficult youths to undertake projects, conduct research, organize events, or launch campaigns related to climate action.

Additionally, the lack of clarity, information and understanding of financial opportunities is hindering youth involvement especially those from marginalized communities . Many young individuals do not have knowledge or resources to navigate complex financial mechanisms, such as grants, loans, or investment opportunities. This lack of understanding and exposure is preventing youths from accessing funding and financial support that helps implement climate-related projects effectively.

Johnston Ngezimana

Hi Vimbai, i would wish to have a discussion with you. I am Johnston Ngezimana from Zimbabwe, specialising on Climate action and biodiversity improvement under the territories of Chimanimani biosphere reserve. contact me via my email address [email protected]

Hager Elsayed Moderator

Valuable insights! Vimbainashe T Chigara and totally agree that a lack of awareness and clear information can be a huge barrier. Do you think there are ways for existing organizations or even the government to better equip young people, especially those in marginalized communities, with the knowledge and resources they need to navigate these funding mechanisms?

Aspiring Circular Economist
Vimbainashe T Chigara

Hager Elsayed There are several ways that the government and existing organizations/institutions can employ in addressing climate funding in marginalized communities.
1. Existing organizations and governments can offer education and training programs specifically targeted at young people in marginalized communities to help them understand climate funding mechanisms and how to access them. These programs can cover topics such as grant writing, project development, and financial management; however, the major challenge is lack of funding for such initiatives. Clearly the government of Zimbabwe is not prioritising such issues and existing NGOs need funding to navigate the marginalized communities.

2. Providing young people in marginalized communities with mentorship and networking opportunities can help them learn from experienced professionals in the field and establish connections that can support their efforts to access climate funding. However, with the level of development and poverty levels in marginalized communities only a few can afford smartphones which makes it hard to effectively and actively engage with youths.

3. NGOs and private sector can advocate for policies and programs that prioritize funding for young people in marginalized communities and help ensure that they have equitable access to climate funding mechanisms.

Sebarindwi Jean Baptiste

Local people especially youths in rural areas have different projects that can help in preventing climate change but their ideas die in there minds due to lack of finance access and mentorship

Hager Elsayed Moderator

You're right Sebarindwi Jean Baptiste , This point brings us back to the point of funding local solutions, so what can we do to bridge the gap of climate finance to local level?

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Nidal Tafah

Hey there! I'm Nidal Tafah, a Moroccan State Engineer in Rural Engineering with a passion for digging into the heart of agriculture. Graduating from the Hassan II Agronomic and Veterinary Institute at 27 was just the beginning of my journey. Currently, I'm also juggling the life of a PhD student at the same institute, diving deep into the world of low-cost tools for precision irrigation.

But wait, there's more! I also happen to be the General Manager of M4T Agro, where we're not just about crops and numbers; we're all about shaking things up in Moroccan agriculture. Think of us as the rebel alliance of farming, leading a team of dedicated individuals on a mission to revolutionize how things are done.

From hosting quirky training sessions that make farming feel like a walk in the park (well, a walk in the fields, technically) to conducting studies that uncover the secrets of the soil, we're all about putting the fun back in farming. At M4T Agro, we believe that a little laughter goes a long way in growing success.

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John Zimba

Thanks for the opportunity,Am a founder of climate guards a greentech startup and founding member of a innovation hub.
Financial barriers have prevented brilliant solutions to climate change and other related challenges from been actualized and used .
This as caused many startups ending at idea stage or pre seed.
Financial policy direction by UN and international stakeholders is important in this fight to stop climate change hence the need to engage multiple national companies to support accelerators, incubation programs and innovation calls .

Hager Elsayed Moderator

That's a great point! John Zimba Do you see any specific policy changes or initiatives from the UN or international stakeholders that could be particularly helpful in getting these pre-seed climate startups the funding they need? Perhaps there are ways to incentivize national companies to get more involved in supporting accelerators and incubators focused on climate solutions.

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Innocent Effiong

In respect to question( B) on how Young people can leverage Technology and digital platforms to access Climate finance and facilitate fundraising for climate projects?

In my opinion, there are several ways that young people can use technology and digital platforms to access climate finance and facilitate fundraising. One approach is to leverage on crowdfunding platforms, which allow individuals to raise money for a specific cause or project, for example Platforms like Kickstarter and GoFundMe which have been used successfully by young people over the time can be rebrand with more innovative solutions in raising funds for environmental initiatives and projects.
Blockchain and cryptocurrencies can also be another leveraging tech approach to raise funding without the barrier Traditional banking system for financial security and accessibility. Also not undermining the power of social media campaigns that can reach a larger audience and encourage donations for Climate Financing among climate Youth activist.
Additionally, virtual events and webinars can be held to raise awareness and secure funding for projects while Mobile application can be developed to encourage more users in mobalizing for climate funding.

In summary of my points:
Young people can use crowdfunding platforms, blockchain, social media, online marketplaces, mobile apps, virtual events, partnerships with tech companies, and data analytics to access climate finance. These platforms and technologies can facilitate transparency, reach, efficiency, and the ability to target specific donors and projects, by using these tools, young people can amplify their impact in the fight against climate change and secure the funding needed for Climate projects.

Thanks
Effiong Innocent
Centre For Peace Advocacy and sustainable development (CEPASD)
Abuja Nigeria 🇳🇬

Hager Elsayed Moderator

This is a fantastic overview! Innocent Effiong One question that comes to mind is how can we ensure these fundraising methods, especially those involving cryptocurrency, are secure and transparent for donors, particularly young people unfamiliar with these technologies?

best of me christopher
christopher katangula

Hager Elsayed
Ensuring the security and transparency of fundraising methods, including those involving cryptocurrency, for young donors unfamiliar with these technologies is crucial. Here's how to address it:

1. **Educational Resources:** Provide comprehensive educational resources explaining how cryptocurrency works, its benefits, and potential risks. Include guides on how to securely store, transfer, and use cryptocurrency.

2. **Transparent Reporting:** Implement transparent reporting mechanisms where donors can track how their contributions are used and see real-time updates on the progress of fundraising campaigns.

3. **Blockchain Technology:** Leverage blockchain technology to provide transparent and immutable records of transactions, ensuring that all donations and expenditures are publicly verifiable.

4. **Third-Party Audits:** Conduct regular audits by independent third parties to verify the integrity of fundraising processes and ensure compliance with relevant regulations and best practices.

5. **Secure Wallet Solutions:** Recommend reputable cryptocurrency wallet solutions with robust security features to young donors, emphasizing the importance of safeguarding private keys and using secure authentication methods.

6. **Multi-Signature Wallets:** Utilize multi-signature wallets for cryptocurrency storage, requiring multiple parties to approve transactions, thereby enhancing security and reducing the risk of unauthorized access.

7. **Secure Payment Gateways:** Partner with trusted cryptocurrency payment gateways that prioritize security and compliance with industry standards, providing an additional layer of protection for donors' funds.

8. **Regular Security Updates:** Stay informed about the latest security threats and best practices in cryptocurrency security, and promptly implement updates and patches to mitigate vulnerabilities.

9. **Community Engagement:** Foster a supportive community where donors can share their experiences, ask questions, and receive guidance on cryptocurrency-related matters from more experienced users and experts.

10. **Feedback Mechanisms:** Encourage donors to provide feedback on their experiences with cryptocurrency donations, and use this feedback to continuously improve security measures and enhance transparency in fundraising processes.

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Innocent Effiong

Hager Elsayed
In Response to your questions on how can we ensure these fundraising methods, especially those involving cryptocurrency, are secure and transparent for donors, particularly young people unfamiliar with these technologies? here are my few highlight points to ensure donors security, transparency and youth knowledge and skills scale up in the cryptocurrency tech - Space For Climate Financing.

1. Education: Providing comprehensive education about cryptocurrencies, including how they work, their benefits, risks, and how to securely use them. this education can be in the form of workshops, online tutorials, or informational materials exchange.

2. Transparent Communication: Clearly communicate the fundraising process, including how funds will be collected, stored, and used. by using simple languages and local content to explain technical approach and reassure donors about the security measures in place.

3. Secure Platforms: Use reputable and secured platforms for fundraising that have robust security measures in place, such as encryption multi-factor authentication, and regular security audits.

4. Compliance with Regulations: Enduring compliance with relevant regulations and best practices for fundraising and handling cryptocurrencies, such as anti-money laundering (AML) and know-your-customer (KYC) requirements applications to secure process.

5. Accountability: Implement mechanisms for accountability and transparency, such as publicly accessible blockchain records that show how funds are being used and regular updates on the progress of fundraising efforts.
e.g (Decentralized system approach).

6. Feedback Mechanisms: Establish channels for donors to provide feedback, ask questions, and raise concerns about the fundraising process, including the use of cryptocurrencies.

7. Ongoing Support: Provide ongoing support to donors, including assistance with setting up cryptocurrency wallets, troubleshooting issues, and addressing any concerns they may have challenge with.

So by considering and adopting these steps, organizations can help ensure that fundraising methods involving cryptocurrency are secure and transparent for donors, including young people who may be unfamiliar with the technology

Effiong Innocent
Nigeria 🇳🇬

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Taitos Mangoma

Hie everyone , my name is Taitos Mangoma from Zimbabwe. I a a socio-economic justice activist

Financial barriers, like limited access to funding and understanding financial opportunities can hinder youth involvement in climate action in several ways:
1.Limited Resources: Without access to funding, young people may struggle to initiate or sustain climate projects, such as renewable energy initiatives or community clean-up efforts.
2Inequality: Financial constraints can exacerbate existing inequalities, as youth from marginalized communities may face greater challenges in accessing resources compared to their more affluent peers.
3. Education and Awareness: Lack of understanding about financial mechanisms and opportunities in climate action can deter youth from engaging in relevant projects or pursuing careers in environmental fields.
4. Innovative Solutions: Financial barriers may stifle innovative ideas from young people, preventing them from contributing fresh perspectives and solutions to climate challenges.
5.Capacity Building: Limited access to funding and financial education can hinder the development of skills needed to effectively navigate the financial aspects of climate initiatives, such as budgeting, fundraising, and grant writing.

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Ropafadzo Beverly Munouya

Hello Taitos, also from Zimbabwe here, how can these barriers be lifted because youths are greatly marginalized when it comes to decision making in terms of climate change. How best can they be educated so that they know the dangers of climate change?

Hager Elsayed Moderator

Very insightful! Taitos Mangoma , To dig a little deeper, do you see/recommend any existing programs or initiatives "Best practices" that are successfully helping young people overcome these financial limitations?

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Cresentia Bhandi Moyo

Hello, I'm Cresentia. In relation to question b, I believe that it is important to raise awareness among young people about available platforms. I have observed that there are numerous climate-related opportunities shared on social media platforms such as Facebook and WhatsApp. There are several WhatsApp groups specifically dedicated to youth opportunities . However, if you are unaware of how to access these platforms, you may miss out on funding and spend years or even give up on a great climate idea. Taking note that these are not the only platforms available but they are cheaper and easier to assess that others

Hager Elsayed Moderator

Interesting point! Cresentia Bhandi Moyo Do you think there are ways to leverage existing youth networks or educational institutions to better spread awareness about these resources?

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Cresentia Bhandi Moyo

Hager Elsayed ,We can leverage existing youth network by engaging with educational institutions like schools ,colleges and universities .We can also collaborate with clubs that are already there in these institutions. Here in Zimbabwe there are a few clubs that take part in climate action but l think they need more support and also they need to be advertised .We need flyer videos and blogs on these to draw in more people.

best of me christopher
christopher katangula

Hager Elsayed Absolutely, leveraging existing youth networks and educational institutions is a powerful way to spread awareness on various topics. Here are some potential ways to do so:

1. **Student Organizations and Clubs**: Encourage student-led clubs and organizations within schools and universities to take up causes and spread awareness. These groups often have passionate members who can effectively communicate messages to their peers.

2. **Partnerships with Educational Institutions**: Collaborate with schools and universities to integrate awareness campaigns into their curriculum or extracurricular activities. This could include guest lectures, workshops, or projects related to the cause.

3. **Utilize Social Media and Online Platforms**: Engage with youth networks through social media platforms and online communities. Create shareable content, organize online events, and utilize hashtags to amplify the message.

4. **Peer-to-Peer Education**: Train students to become peer educators who can disseminate information within their social circles. Peer-led discussions and workshops can be highly effective in reaching and resonating with young people.

5. **Youth Ambassadors Program**: Establish a youth ambassadors program where passionate individuals are selected to represent and advocate for the cause. These ambassadors can organize events, create content, and engage with their peers both online and offline.

6. **Incorporate Technology**: Utilize educational technology platforms and apps to deliver educational content in an engaging manner. Gamification and interactive content can enhance learning and increase participation.

7. **Collaborate with Youth-Focused Organizations**: Partner with youth-focused NGOs, community centers, and youth clubs to reach a wider audience and benefit from their expertise in engaging young people.

By tapping into existing youth networks and educational institutions, organizations can effectively spread awareness and inspire positive change among the younger generation.

Sebarindwi Jean Baptiste

Most of the time those youths from rular areas see different climate problems and have different projects but they loose financial assistance

Hager Elsayed Moderator

You're right, it's crucial to support the unique climate solutions by young people in rural areas are developing. Do you have any ideas on how to better identify and connect these young innovators with relevant funding opportunities? Sebarindwi Jean Baptiste

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KASSIM JAFFAR

My name is Kassim Jaffar a youth environmental activist and community leader from Comoros Anjouan Mutsamudu specifically. The SG of JAC ( Jeunesse Active de Chitsangani) ( Chitsangani Active Youth) an environmental association dealing with waste management and plastic waste. In my country people need more awareness community outreach and compagn on the impact of plastic waste in the ocean, as most Comorian use the sea shores and rivers as their dumping areas which damaged the population of fish habitats and the environment itself.
In Comoros, the lack of distribution of funds and resources to the right into the hand of the wrong people leads to a community psychological damaged as those who are more involved in the sectors don't trust those who always received funds due to their connection to officials which is ethical unprofessional. Hence, many projects haven't reached their goals.