Recognizing the substantial sustainability challenges of the current financing model for investments in weather and climate observing systems, the members of the Alliance for Hydromet Development are committed to the creation of the SOFF. Several members of the Alliance are expected to serve as SOFF implementing entities and they will use SOFF resources for the GBON-related components of their operations in SOFF eligible countries.
The Alliance was launched at the UNFCCC COP 25 and unites efforts of major development and climate finance partners to increase the effectiveness of their efforts to close the capacity gap on high-quality weather forecasts, early warning systems, and climate information. The members of the Alliance for Hydromet Development include 12 founding members: Adaptation Fund, African Development Bank, Asian Development Bank, Climate Investment Funds, European Bank for Reconstruction and Development, Global Environment Facility, Green Climate Fund, Islamic Development Bank, United Nations Development Programme, United Nations Environment Programme, World Bank, World Food Programme, and World Meteorological Organization. The Climate Investment Funds joined the Alliance in October 2020.
