UNDP Green Climate Fund: India gets 43 million USD to boost climate in 3 coastal states

With the help pf 43 million USD from the United Nations Development Programme (UNDP), India has begun the project that will positively impact over 10 million people living on the coastline. The funds are to be obtained from the Green Climate Fund that was established under United Nations Convention on Climate Change (UNFCCC). The objective of the fund is to assist developing countries.

Highlights

• The 6-year project will help to build climate resilient livelihoods of 1.7 million people
• The coastal states that are to benefit from the fund are Maharashtra, Andhra Pradesh and Odisha.
• Under the project, the plan is to sequester minimum of 3.5 million tons of carbon dioxide in the next 30 years.
• The project will also restore 15,000 hectares of coral reefs, mangroves, salt marshes and sea marshes

Significance

• The funds will help in improving shoreline protection
• It aligns well with the NDC (Nationally Determined Contributions) of India under Paris Agreement and National Action Plan on Climate Change.
• The project will help the shoreline communities to restore eco system and promote climate resilient livelihood like sustainable farming of mud crabs.
• The initiative will also help to provide benefits for female-headed households, vulnerable communities, young people and elderly.

Month: Current Affairs - November, 2019