Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Green Climate Fund approves $80 million in FAO-led projects in Congo and Jordan

23.03.2021 21:15 "Agro Perspectiva" (Kyiv) Two FAO-designed projects, one focusing on agroforestry in sub-Saharan Africa and the other on water management in the Near East, have received $80 million, paving the way to improve the livelihoods of more than 250 000 smallholders.

The Board of the Green Climate Fund (GCF) approved the funds for initiatives in the Republic of Congo and the Hashemite Kingdom of Jordan. Both are the first GCF-funded projects in those countries, underscoring FAO’s focus on expanding the use of global tools to advance climate action in food and agriculture. FAO’s GCF portfolio has now risen to $878 million, supporting 15 projects.

«We appreciate the strong vote of confidence in FAO’s efforts for more efficient, inclusive, resilient and sustainable agri-food systems, and we welcome the GCF’s increasingly prominent role in that respect,» said FAO Director-General QU Dongyu.

The PREFOREST initiative in Congo drew in, as co-financier, the Central African Forest Initiative (CAFI), a collaboration gathering six regional countries and a host of donors with expertise in forestry topics. The International Fund for Agricultural Development (IFAD) is also co-financing this project.

The two new projects contribute to FAO’s goal of scaling up and broadening support for climate-related investments in agriculture that offer socio-economic and environmental benefits and help smallholders in vulnerable countries progress on low-emission and resilient development.

Farming with trees in Congo

The PREFOREST project in the Republic of Congo will mitigate 16.7 million tons of greenhouse gas emissions over 20 years by sustainably shifting local farmers away from slash-and-burn practices in agriculture and fuelwood procurement towards agroforestry approaches that combine management of trees with that of crops and livestock, resulting in better and more sustainable livelihoods.

Deforestation and forest degradation currently generates around 81 percent of Congo’s GHG emissions, reflecting low agricultural productivity and highlighting a significant opportunity for mitigation.

While the project is directly aimed at more than 40 000 smallholder farmers in critical areas of the country, it is ultimately expected to benefit more than one of every six people in the country as they adopt better practices and participate in broader entrepreneurial opportunities.

PREFOREST, the first GCF-funded forestry project in the Congo Basin, is a key part of the Government’s plans to halve its emissions by 2035, says Rosalie Matondo, Minister of Forest Economy.

The GCF grant amounts to $28.9 million and will be bolstered by $9 million in co-financing from the Government, $7 million from CAFI and $1.6 million from IFAD, as well as private sector investments it catalyzes. A central part of the project entails strengthening local communities’ access to land and tenure rights, which can foster development of more bankable local business models and sustainable use of natural resources.

Water for livelihoods in Jordan

Jordan’s first GCF-funded project, to be implemented by FAO and the UN Development Programme (UNDP), targets around 210 000 people — almost half of whom are women — in areas of the Dead Sea basin that are particularly vulnerable to climate-induced water stress.

It focuses on key investments in water-related infrastructure at the household and regional level to support the adaptive capacity of communities and institutions and increasing the efficiency of water management systems. It promotes innovative solutions including harvesting rooftop rainwater, introducing innovative irrigation and cropping technologies, and enhancing the use of reclaimed water.

The project will also provide tailored information to rural women through extension services. Investing in improved water access will lift agricultural productivity and promote more sustainable farming practices, a double win for smallholder incomes and the environment.

The project contributes to Jordan’s capacity to adapt to the impacts of climate change while also supporting the long-term sustainable development targets of the agricultural sector, according to Nabil Masarweh Jordan’s Minister of Environment.

The GCF grant amounts to $25 million and is flanked by $1 million each from FAO and UNDP as well as $6.1 million from the Government.

Agro Perspectiva

< Ukrainian banks see profit fall by 60% in Jan-Feb - NBU All news for
23.03.2021
Ukraine's GDP down by 4% in 2020 statistics >

18.05.2021  
13:33 ASTARTA Completed its Sowing Campaign 2021
17.05.2021  
16:47 CNH Industrial announces subsidiary notes offering
14.05.2021  
14:15 ASTARTA Started Raw Sugar Processing
12.05.2021  
14:01 For the MY 2021/22 forecasts Bangladeshs rice production to increase, assuming friendly weather and increased yield
12:51 Total Latvian wheat, rye, mixed grains, triticale, barley, corn, and oat production in MY 2021/22 is forecast at 3.2 MMT
07.05.2021  
13:22 Global cereal markets tighten as demand remains strong in 2020/21
12:25 International food prices continue rising in April
06.05.2021  
15:38 New Zealand. Total milk production is forecast at 22.2 MMT
05.05.2021  
16:47 CNH Industrial. Consolidated revenues of $7.5 billion (up 37% compared to Q1 2020)
13:21 Australia. Wheat production is forecast at 27 MMT in MY 2021/22
30.04.2021  
14:21 ASTARTA Finished Sugar Beet Planting
29.04.2021  
11:49 Manitou Group: Q121 revenues of 471m, +12% vs. Q120
11:39 BASF increased sales by 2.6 billion compared with the first quarter of 2020 to 19.4 billion
28.04.2021  
17:00 Spain: Spanish Cheese Exports May Rebound in 2021
27.04.2021  
16:47 Argentina. Wheat production is estimated at 20.5 million tons in 2021/2022
26.04.2021  
16:35 Small family farmers produce a third of the worlds food
10:09 Industrial production in Ukraine 2.1% up in March 2021 - statistics
24.04.2021  
07:20 Finance Ministry proposes to change criteria for land valuation in settlements by 2023
22.04.2021  
11:28 Giving a voice to soil organisms our silent allies in the fight against hunger
21.04.2021  
09:53 NBU sends UAH 24.4 bln of profit to state budget
20.04.2021  
11:50 Vietnam. Soybean meal demand for feed use is forecast to increase in MY2021/22 as the swine herd repopulates
16.04.2021  
14:11 NBU raises key policy rate to 7.5%
14.04.2021  
17:10 Brazil Meat Exports Continue to Grow
13.04.2021  
16:25 Coffee is considered a priority crop by the Angolan Government
12.04.2021  
11:20 Brazil Soybean Exports Record Large in March
10:18 Burma Rice Exports Disrupted Amid Coup
08.04.2021  
21:05 Positive cereal crop prospects in 2021
20:35 Global food prices rise for 10th month in a row
04.04.2021  
10:16 A spicy agricultural heritage: theres more to wasabi than meets the eye
02.04.2021  
16:00 Turkey. Cattle numbers to increase 1 percent in 2021 to 18.3 million head - USDA
13:25 Japan To Begin Enforcement of Organic Regulations for Turkey Products
26.03.2021  
13:55 Korea. Overall demand for beef and pork remains strong
24.03.2021  
15:55 Cargill purchases Precision Ag, expanding its Canadian crop inputs business
23.03.2021  
21:28 Ukraine's GDP down by 4% in 2020 statistics
21:15 Green Climate Fund approves $80 million in FAO-led projects in Congo and Jordan
20:31 Ukrainian banks see profit fall by 60% in Jan-Feb - NBU
21.03.2021  
09:49 Business and govt agree to stabilize prices for socially important goods - EBA
16.03.2021  
16:35 Mexicos chicken meat production, consumption, and imports are projected for 2021
10.03.2021  
21:07 India Corn Exports Competitive Regionally
07.03.2021  
23:15 Early estimate points to record 2021 wheat output
22:43 FAO Food Price Index rises for ninth consecutive month in February
04.03.2021  
12:33 BASF achieved its 2020 Palm Commitment
01.03.2021  
11:43 BASF Group: Strong performance in Q4 2020 due to higher volumes and prices
16.02.2021  
11:05 Kernel asks AMCU for permission to buy CascadeAgro, 12 more farms of Khomutynnik
13.02.2021  
18:36 Ukraine: EIB provides 320 million EURO for COVID-19 vaccines and improvements in operational resilience at Boryspil International Airport
11.02.2021  
09:47 Soybean Buyers Turn Attention to Brazils 2021 Harvest
29.01.2021  
11:15 Global orange production for 2020/21 is forecast to rise 3.6 million MT from the previous year to 49.4 million
28.01.2021  
15:20 USDA attache increased its estimate for South Africas 2020/21 MY total corn crop by 14% to 16 million tons
26.01.2021  
17:10 Economy Ministry announces market agreement to limit corn export from Ukraine in 2020/2021 MY to 24 mln tonnes
13:33 China Lowers Applied MFN Tariff Rates and Revises Out of Quota TRQ Rates

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com