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Add to Preferred SourcesThe Board of the Green Climate Fund (GCF) approved $161 million in funding to support climate-resilient projects in Chile, Kyrgyzstan and Nepal benefitting 1.5 million people.
The United Nations’ Food and Agriculture Organization (FAO) has been supporting the formulation of the projects that will build resilience and mitigate the effects of climate change in the three countries.
“FAO and GCF have forged a strong and strategic partnership to bring transformational climate solutions and help countries build resilience in response to climate change impacts,” said Maria Helena Semedo, FAO Deputy Director-General, Climate and Natural Resources.
Addressing climate change is a cornerstone of FAO’s work and the Organization believes that effective climate action across the agricultural sectors will promote livelihood resilience and reduce poverty for vulnerable rural communities through the implementation of mitigation and adaptation actions while preserving the environment and biodiversity.
FAO also actively supports countries to enhance their planning and capacities for climate change-related investments under the GCF Readiness and Preparatory Support Programme.
The GCF is a unique global platform that is responding to climate change by investing in low-emission and climate-resilient development.
The GCF approved a new $63 million REDD+ Results-Based Payment Funding Proposal, designed by FAO and the Government of Chile, to restore and conserve about 25, 000 hectares of native forest in five regions of the country.
The project is expected to reduce greenhouse gas emissions by 1.1 million tons of CO2 while promoting afforestation in more than 7,000 hectares and the sustainable management and conservation of over 17,000hectares of forest.
Kyrgyzstan will benefit from a $30 million grant from the fund which will be supplemented by another $20 million for a project to reverse forest and rangeland degradation. It is designed to increase forest coverage and rangeland productivity, and support the resilience of more than 430,000 people.
GCF allocated nearly $40 million as a grant for a project that will help nearly one million people respond to forest degradation, flooding and soil erosion in the Churia hills region of Nepal.
Nepal’s Government, through its Ministry of Forests and Environment (MoFE), is adding a further $8 million – for a total of more than $47 million. This first project approved by GCF for Nepal will be implemented over a period of seven years with technical assistance provided by FAO. It will help build planning and extension capacities within the newly-decentralized provincial governments, and contribute towards the goals of the national REDD+ strategy.
Original source: FAO
Published on 13 November 2019