UNDP Climate Action Grants

April 16, 2022

USD 2.2 million in climate action funding has been announced by the United Nations Development Programme (UNDP) and partners of the Adaptation Innovation Marketplace (AIM) for 22 local innovators from 19 countries, that also includes India.

Overview:

The first round of funding of the Adaptation Fund Climate Innovation Accelerator (AFCIA) window will be looking to improve local climate action and speed up the achievements of the Sustainable Development Goals and the Paris Agreement’s ambitions.
The project will be enabling the local organizations and will be contributing to UNDP and its partners across the world for locally-driven adaptation action.

About the Adaptation Innovation Marketplace

AIM will be providing technical support for all the new funding applications launched. In January 2021, AIM was launched by Achim Steiner, the UNDP Administrator at the Climate Adaptation Summit. It is a strategy platform that promotes localized scaled-up adaptation on non-governmental organizations, civil society, youth innovators, and women. AIM brings together knowledge, resources, and assistance with the aim of making the financing of local climate change more accessible.

The partners of AIM such as the Least Developed Countries Universities Consortium on Climate Change, the International Centre for Climate Change and Development, the Climate-Knowledge Innovation Community, the Global Resilience Partnership, and the UN Capital Development Fund (UNCDF) provide technical support to the Adaptation Fund Climate Innovation Accelerator.

Working of the partners of AIM in 2022

The partners of AIM will be continuing to work together on South-South coordination and knowledge sharing for the 22 local partners that received monetary support in the AFCIA grant’s first round. The partners will be working on advanced aquaculture in India, reintroduction of historic climate-resilient construction techniques in the Sahel, increasing production of climate-resilient acai berries in Brazil, and establishment of “blue jobs” in Micronesia.

About the distribution of grants

The grants have been distributed to 19 countries out of which seven are from Africa, eleven are from Asia, and four are from the Caribbean and Latin America. Out of the 22 participants, 10 are from Least Developed Countries or small island developing states. The funds have been provided in the fields of technology, resilient agriculture, ecosystem-based payments, community-based adaptation, services, and entrepreneurship.

The Adaptation Fund Climate Innovation Accelerator, a multi-partner initiative that was launched in November 2020 provides the funds. Through this programme, the local entrepreneurs in underdeveloped countries are being helped to turn their resilience-building solutions into productive business models so that they can attract commercial funding.

« Previous Post Next Post »