Accelerating access to climate finance
Transitioning towards low-emission, climate-resilient food systems is key to improving the livelihoods of rural communities that depend on natural resources for their well-being. Since becoming partners in 2016, the Food and Agriculture Organization of the United Nations (FAO) and the Green Climate Fund (GCF) have been scaling up climate investments in high-impact projects that make the agriculture, forestry and fisheries sectors more efficient, inclusive, sustainable and resilient to climate change.
By leveraging global partnerships, FAO catalyses public and private investments in agriculture that promote innovative climate change adaptation and mitigation actions and drive the United Nations 2030 Agenda for Sustainable Development.
Countries, and in particular African States, Least Developed Countries (LDCs) and Small Island Developing States (SIDS), urgently need access to climate finance to achieve the adaptation and emissions reduction targets laid out in their Nationally Determined Contributions (NDCs), under the United Nations Framework Convention on Climate Change (UNFCCC). NDCs play a pivotal role in achieving the goal of the Paris Agreement, as they outline countries’ climate plans and contributions towards limiting global warming to well below 2 degrees Celsius above pre-industrial levels.
FAO helps countries catalyse investments that are in line with country priorities and GCF results areas as well as FAO’s Strategic Framework, which supports the transformation to MORE efficient, inclusive, resilient and sustainable, agri-food systems for better production, better nutrition, a better environment, and a better life, leaving no one behind. These focus areas include:
FAO works with countries to design and implement high-impact GCF projects that build climate resilience and reduce greenhouse gas emissions.
FAO’s GCF work in numbers:
USD 930.6 million is the total value of FAO’s GCF portfolio
USD 58.5 million is the value of FAO services as a partner to other Accredited Entities for 7 approved projects in the Dominican Republic, Mozambique, Nicaragua, Palestine, Paraguay, Timor-Leste and Zambia
52 readiness projects in 43 countries valued at USD 28.5 million, including USD 1.8 million for climate-resilient recovery strategies.