More

    Global Environment Facility Approves New FAO-led Initiatives Worth $2.9 Billion. 46 Countries, Including India, Targeted

    AgricultureAgri-businessGlobal Environment Facility Approves New FAO-led Initiatives Worth $2.9...
    - Advertisment -

    Global Environment Facility Approves New FAO-led Initiatives Worth $2.9 Billion. 46 Countries, Including India, Targeted

    The Food Systems Integrated Program (FSIP), co-led with the International Fund for Agricultural Development (IFAD), will direct $252 million in project financing and $2.2 billion in co-financing to 32 countries.

    The Global Environment Facility (GEF) has greenlighted 48 FAO-led projects worth about $2.9 billion –$294 million in project financing and $2.6 billion in co-financing – that will play a pivotal role in fostering a sustainable agrifood systems transformation to end hunger and conserve the environment.

    The initiatives, benefitting 4.2 million people in five different regions globally, will restore more than 474,000 hectares of land; improve practices on over 24 million hectares of land and marine habitats; create and improve the management of over 2 million hectares of protected areas on land and sea; mitigate 133 million metric tons of greenhouse gas emissions; and remove 202 metric tons of hazardous agrochemicals.

    “This is the largest work program of FAO projects approved by GEF Council. Working closely on the ground with partners and countries, these projects have the potential to improve millions of lives through agrifood systems transformation while helping achieve the Sustainable Development Goals. Together with the GEF, we strive towards ensuring global food security coupled with sustainable, inclusive and resilient agriculture, benefitting people and planet,” said FAO Deputy Director-General Maria Helena Semedo, welcoming the decision taken by the 66th Council Sessions of the GEF, held in Washington DC, United States, from 5-9 February.

    46 countries partnered with FAO to access finance from the GEF in this work program: Angola, Argentina, Barbados, Benin, Bhutan, Brazil, Cambodia, Chile, China, Dominica, Dominican Republic, Ecuador, Eswatini, Grenada, Guyana, India, Indonesia, Kazakhstan, Kyrgyzstan, Lao PDR, Maldives, Mexico, Mongolia, Namibia, Nepal, Niger, Nigeria, Pakistan, Peru, Philippines, Solomon Islands, South Africa, South Sudan, Sri Lanka, St. Kitts and Nevis, St. Vincent and Grenadines, Tajikistan, Tanzania, Togo, Trinidad and Tobago, Tunisia, Türkiye, Turkmenistan, Uzbekistan, Venezuela, and Viet Nam.

    - Advertisement -

    Three new FAO-led programs

    The GEF Council also approved three FAO-led global and regional programs focused on food systems, oceans and ecosystem restoration.

    The Food Systems Integrated Program (FSIP), co-led with the International Fund for Agricultural Development (IFAD), will direct $252 million in project financing and $2.2 billion in co-financing to 32 countries. The FSIP focuses on transforming global agrifood systems from farm to table so that they are sustainable, nature positive, resilient, inclusive and pollution-free. The program will deliver global benefits for biodiversity, addressing land degradation and climate change, along with improved food security, nutrition, incomes, livelihood sustainability and resilience.

    FAO will implement projects in 22 countries (Angola, Argentina, Benin, Bhutan, Chile, China, Ecuador, Eswatini, India, Indonesia, Kazakhstan, Mexico, Namibia, Nigeria, Pakistan, Peru, Philippines, Solomon Islands, South Africa, Sri Lanka, Tanzania, Türkiye) to support National Food Systems Transformation Pathways or other government-led frameworks and meet environmental commitments, such as the Kunming-Montreal Global Biodiversity Framework and the Paris Agreement.

    The program focuses specifically on eight agrifood value chains and sectors: maize, rice, wheat, cocoa, palm oil, soy, livestock and aquaculture. The initiative is also expected to restore more than 870,000 hectares of degraded croplands, forests, natural grasslands, and wetlands, as well as improve management practices of almost 14 million hectares of land.  These measures will help mitigate more than 174 million metric tons of greenhouse gas emissions and eliminate 220 metric tons of highly hazardous pesticides.

    Meanwhile, the Clean and Healthy Ocean Integrated Program will direct $100 million in project financing to 14 countries, leveraging $748 million in co-financing, to reduce land-based ocean pollution in nine Large Marine Ecosystems (LMEs), including the Bay of Bengal, South China Sea, Caribbean, Red Sea, Black Sea, Humboldt Current, Agulhas Current, and the North Brazil Shelf.

    The program addresses marine hypoxic zones – also known as “dead zones” – by curbing land-based sources of pollution from agriculture (overuse of fertilizer, livestock pollution) and industrial and municipal sources (untreated wastewater) through policy and regulatory measures and infrastructure investments combined with the sustainable management of natural resources and ecosystem-based solutions.

    Enhancing water security

    The initiative aims to create a conducive environment for advancing countries’ sustainable blue economy goals, aligning with the Kunming-Montreal Global Biodiversity Framework (GBF) targets. Under the GBF, it targets inland and marine ecosystem restoration, pollution reduction, sustainable agriculture, disease reduction, and sustainable urban areas. It will enhance the management of more than 520,000 hectares of land and 423,000 hectares of marine protected areas while restoring almost 97,000 hectares of various ecosystems.

    The program, which is expected to also sequester over 9 million tons of greenhouse gas emissions, is co-led by FAO, the Asian Development Bank (ADB), the Development Bank of Latin America (CAF), and the European Bank for Reconstruction and Development (EBRD). FAO will implement projects in Sri Lanka, Venezuela and Vietnam, and its partners in Grenada, Jordan, Madagascar, Maldives, Mexico, Moldova, Panama, Peru, St. Kitts and Nevis, Thailand, and Trinidad and Tobago.

    Similarly, the Central Asia Water and Land Nexus Program, newly approved by the GEF Council and led by FAO, will direct $26 million (leveraging $335.5 million in co-financing) to Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan to restore ecosystems of the Amu Darya and Syr Darya basins and enhance water security, increase resilience and improve rural livelihoods.

    The Amu Darya and Syr Darya basins are the primary source of water for the five countries, supporting around 60 million people and much of their agriculture and energy generation, as well as being critical for other ecosystem services and livelihoods. Unsustainable water management, especially for agriculture, over-extracts water in the two river basins and leads to water and food insecurity, salinization, soil loss and land degradation, reduced river flows, pollution, and loss and fragmentation of natural ecosystems and biodiversity.

    The approved programs build on the growing momentum to apply agrifood systems solutions to environmental challenges. Notably, FAO was recently selected as an implementing agency for the GEF’s Small Grants Program (SGP). The SGP has been the GEF’s only dedicated funding mechanism for civil society and community-based organizations for the past 30 years. Under this new phase, FAO will support the expansion of the GEF’s support for local actions by civil society organizations, Indigenous Peoples, local communities, and marginalized groups.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    A Russian Veto Threatens to Trigger a Nuclear Arms Race in Outer Space

    The world is facing a crisis of the “rule of law” in disarmament. Key treaties have failed to achieve...

    Status of Higher Education in India – What does Government Data Say?

    Although in absolute terms the budget allocations have grown after the introduction of the New Education Policy in 2020,...

    A Disasters Law for Nepal

    Used effectively, disaster law and policy can support more integrated, inclusive and equitable approaches to building resilience. By Laxmi Khanal Over...

    Mining Sector Registers Record Production in FY 2023-24

    Healthy growth in production of iron ore and limestone in FY 2023-24 reflect the robust demand conditions in the...
    - Advertisement -

    Bangladesh Garment Workers must Receive Rights-Based Compensation and Justice Immediately: Amnesty International

    Garment workers are paid poverty wages and face innumerable obstacles including harassment, intimidation and violence, as well as legal hurdles when...

    Attacks Target Afghanistan’s Hazaras

    Like the previous Afghan government, Taliban authorities have not taken adequate measures to protect Hazaras and other communities at risk or provide...

    Must read

    A Russian Veto Threatens to Trigger a Nuclear Arms Race in Outer Space

    The world is facing a crisis of the “rule...

    Status of Higher Education in India – What does Government Data Say?

    Although in absolute terms the budget allocations have grown...
    - Advertisement -

    More from the sectionRELATED
    Recommended to you