EIF reaccredited by Green Climate Fund

18 October 2021 | Environment

ELLANIE SMIT

WINDHOEK

The Environmental Investment Fund (EIF) has been reaccredited by the Green Climate Fund (GCF) for a further five-year period.

The initial five-year accreditation lapsed in June this year.

According to the EIF, the reaccreditation was preceded by a rigorous institutional review of the Fund by the GCF.

The EIF was first accredited in 2016 as a Direct Access Entity for country-level programme delivery.

To date, it has raised more than N$640 million for climate action grants and readiness support from the GCF.

According to the Fund, the GCF reconfirmed its commitment to funding that will help developing countries reach their climate ambitious under the Paris Agreement at its 30th board meeting held last week.

The EIF said it was hopeful that this reaccreditation would bring new funding opportunities for various projects in line with Namibia’s development objectives.

The GCF climate-change resources accessed by the Fund so far included: Climate-resilient agriculture in three of the northern crop-growing regions; creating climate-change resilient livelihoods through community-based natural resources management; improving rangeland and ecosystem management by smallholder farmers in the Sesfontein, Fransfontein and Warmquelle areas; and building the resilience of communities through an ecosystem-based adaptation approach.

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