Conservation International Signs Agreement with Green Climate Fund
July 13, 2017
ARLINGTON, Va. (July 13, 2017) – Conservation International today signed an agreement with the Green Climate Fund, taking a critical step in the fight against global climate change. The Green Climate Fund, a funding mechanism within the United Nations Framework Convention on Climate Change (UNFCCC), invests in programs that help developing countries become climate-resilient and to reduce emissions.
The agreement paves the way for Conservation International to launch a 10-year, multimillion dollar sustainable landscapes management program that will improve the resiliency of climate-vulnerable smallholder farmers, reduce greenhouse gas emissions from deforestation and leverage private sector climate investments.
“Conservation International is delighted to sign our Accreditation Master Agreement with the Green Climate Fund. This is a critical step in helping us address climate change — the most urgent environmental and social issue of our time,” said Conservation International President Jennifer Morris. “Conservation International has a long history of using nature-based solutions to combat climate change in countries around the world least able to cope with a changing climate. Joining forces with the GCF provides us with additional financial means to expand our reach and increase our impact, which will include the launch of a first of its kind public-private investment program to stimulate investment in climate-resilient land use in Madagascar, our first approved GCF project.”
Madagascar is one of the most vulnerable countries to climate change in the world, with small-holder farmers bearing the brunt of the impact. Much of the country’s rich biodiversity and forest-rich landscape has been depleted due to climate change and poor landscape management practices.
“Conservation International’s rich experience in reducing deforestation and improving agricultural practices will be a welcome addition to the Fund’s growing capacity to deal with climate change,” said Green Climate Fund Executive Director Howard Bamsey.
The Green Climate Fund was established during the 2010 United Nations Climate Change Conference in Mexico as a fund within the UNFCCC framework. A master agreement between GCF and an accredited organization establishes guidelines for projects and financing. Conservation International is among the first conservation organizations to receive an accreditation and to sign a master agreement with the Fund.
About Conservation International
Conservation International uses science, policy and partnerships to protect the nature people rely on for food, fresh water and livelihoods. Founded in 1987, Conservation International works in more than 30 countries on six continents to ensure a healthy, prosperous planet that supports us all. Learn more about Conservation International and its groundbreaking “Nature Is Speaking” campaign, and follow Conservation International’s work on Facebook, Twitter, Instagram and YouTube.
About the Green Climate Fund
The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.