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Green Climate Fund

For over a decade, FAO has been working with countries to scale up climate investment for the agricultural sectors, leveraging partnerships with the Global Environment Facility (GEF) and more recently with the Green Climate Fund (GCF) to build climate-resilient development pathways.

As an accredited entity to GCF – the world’s largest dedicated fund for climate action – FAO has the capacity and technical know-how to mobilize large flows of climate finance for climate change mitigation and adaptation action through funding proposals, and to be a delivery partner for grants under the GCF Readiness and Preparatory Support Programme.

FAO is a GCF grant-implementing entity for small- and medium-sized projects (up to USD 250 million) with low and medium levels of environmental and social risk. The Organization assists countries in the development and implementation of country-led projects that, for example, scale up climate-resilient agriculture, build on sustainable land and water management practices, and increase carbon sequestration in forests and rangelands.

Access to climate finance is key to accelerating the efforts of developing countries to limit or reduce their greenhouse gas (GHG) emissions and to adapt to the impacts of climate change.

GCF was established as the financing mechanism for the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, tasked with supporting developing and transition countries as they scale up their efforts to meet the Paris Agreement target of keeping the global temperature rise below 2° Celsius.

With FAO’s GCF portfolio growing exponentially, the Organization stands ready to assist countries as they raise their ambition on climate action.

 

FAO and GCF in numbers 

  • 17 000 vulnerable families to benefit from the FAO-designed PROEZA project in Paraguay, aimed at combating deforestation, hunger and poverty, and building the climate-resilience of local populations.
  • 291 800 vulnerable people to benefit from the IRES project – building climate resilience of rural communities in Cuba.
  • 430 000 people to benefit from increased forest coverage and rangeland productivity in Kyrgyzstan.
  • 1.1 million tonnes of CO2 to be reduced through Chile’s REDD+ Results Based Payment Funding Proposal.
  • 200 000 rural households in Nepal’s Churia hills region will build climate-resilient livelihoods through ecosystem restoration and sustainable land-use practices.
  • 1.3 million rural people to benefit directly from the FAO-led project in Pakistan’s Indus Basin – to improve water management and farming practices and increase climate resilience.
  • 17 000 hectares of degraded land to be restored in El Salvador's Dry Corridor.
     
Full proposal projects June 2020 (click to enlarge)
Readiness projects June 2020 (click to enlarge)