Talking about financing the NDC achievements, it needs concerted efforts of all institutions involved to meet the financing demands of countries, some of which put the entire financing for NDC achievements through agriculture onto international shoulders.
Alexander Jones, FAO Director, Climate and Environment Division, informed briefly about FAO’s first successful project proposal to the Green Climate Fund (GCF) accepted by the recently held 19th GCF board meeting. The project: Poverty, Reforestation, Energy and Climate Change (PROEZA) for Paraguay is planned for a value of USD 90 mio in total with about USD 25 mio provided by the GCF. This constitutes an exception to GCF rules, which normally demand for every dollar of GCF finance a matching financial contribution of 9 USD. It will take tremendous efforts to meet these expectations.