After the three-year process, the Green Climate Fund (GCF) Agriculture Readiness Grant for the Enhanced Climate Finance and Implementation of Koronivia Joint Work on Agriculture (KJWA) priorities for Southeast Asia was finally approved and launched at the Thai Pavilion of COP27 in Egypt.
At the occasion, on 9th November 2022, representatives from Thailand’s National Designated Authority (NDA) and Department of Agriculture, FAO, ASEAN-CRN, Vietnam and Malaysia Agriculture Ministries talked about how the grant will prepare the agriculture sector to attract investments with business plans backed by climate science.
The target goal of the project is to enhance the capacity of countries in Southeast Asia to develop national climate finance investment programmes and projects linked to adaptation and mitigation priorities for the agriculture sectors and exchange knowledge and learning to promote innovative mechanisms for public and private sector climate finance at national and regional levels.
Specifically, the outcomes of the project aligned with the GCF Readiness Objectives and Outcomes will be:
1) Agriculture investment programmes to strengthen GCF Country Programmes and leverage national, regional and global climate finance to support the implementation of national, sector-specific climate change policy frameworks developed;
2) Development of quality GCF concept notes and proposals by building capacities of agriculture sector stakeholders and mainly Least Developed Countries (LDCs) supported; and
3) Opportunities for knowledge capture, learning and dissemination on climate-friendly agriculture through partnership networks enhanced. More details on the project, visit GCF Readiness Proposal