EIF secures N$127m grant

The grant will be implemented in 13 regions to strengthen the climate resilience of vulnerable rural communities.

30 August 2019 | Environment

The Environmental Investment Fund of Namibia (EIF) has signed yet another agreement worth N$127 million with the Green Climate Fund (GCF).

EIF chief executive Benedict Libanda signed the agreement with the executive director of GCF, Yannick Glemarec, during the Global Programming Conference in Songdo, South Korea, on Friday.

The grant will be implemented in 13 regions to strengthen the climate resilience of vulnerable rural communities through an ecosystem-based adaptation approach.

The project is based on the premise that biodiversity and ecosystems provide valuable services that increase the climate resilience of local communities.

Activities undertaken as part of the project will maintain and enhance ecosystem integrity to support food production.

The project will be implemented through the environment ministry.

To date the EIF has received assistance of more than N$500 million from the GCF for projects related to agricultural resilience, renewable energy and ecosystem-based climate adaptation.

“The GCF is thrilled that EIF continues to demonstrate robust leadership within the climate finance landscape in Namibia and the grant will contribute to the attainment of the highly ambitious climate change agenda in Namibia,” said Glemarec.

STAFF REPORTER

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