Pakistan has secured $77.8 million in funding for a project to conserve flood waters in wetlands; the majority of the funding for the project has been provided under the Green Climate Fund, confirmed Federal Minister for Climate Change Sherry Rehman.
In a tweet, Rehman stated that the government's "Recharge Pakistan Project" will be executed over the next seven years.
https://twitter.com/sherryrehman/status/1678625444176822275
The adaptation project aims to initiate Ecosystem-Based Adaptation (EBA) interventions to store flood water in wetlands, floodplains and depressions (green infrastructure) at several priority sites.
Further, it will help build community resilience at these sites and enable the government, including all lead provinces and stakeholders, to implement and replicate nature-based solutions for climate resilience. The project will also help build the capacity of the government, including all provinces and stakeholders to implement the project.
According to the Green Climate Fund, four watersheds would be constructed in the Indus Basin under the project. The project aims to impact the lives of some 7.7 million people.
The project history page showed that the project had been submitted to the GCF on April 17, 2020. It took over 1,100 days to secure approval for the project.
https://twitter.com/theGCF/status/1678599267584229376
Funding
On the funding aspect, Rehman said that of the $77.8 million approved, the Green Climate Fund (GCF) will provide around $66 million.
The project will have co-financing of around $11.8 million. Of this, the project will receive three co-financing grants including two of $5 million each and one of $1.848 million.
Rehman said that the approval of the Recharge Pakistan project was a major achievement of the government.
"This project will prove to be very favourable in dealing with the effects of climate change," she added.
Collaborative effort
The project was primarily conceived by the Pakistan chapter for the World Wide Fund for Nature (WWF-Pakistan) to use solutions grounded in nature to address climate vulnerability. WWF-Pakistan has also been listed as the accredited entity by the GCF to execute the project.
WWF-Pakistan, which described the project as its flagship, will be executing it in partnership with the Federal Ministry of Climate Change, the Federal Flood Commission, Federal Ministry of Water Resources and with support from USAID and Coca Cola Foundation.
https://twitter.com/WWFPak/status/1678662582436249600
In a tweet, Rehman stated that the government's "Recharge Pakistan Project" will be executed over the next seven years.
https://twitter.com/sherryrehman/status/1678625444176822275
The adaptation project aims to initiate Ecosystem-Based Adaptation (EBA) interventions to store flood water in wetlands, floodplains and depressions (green infrastructure) at several priority sites.
Further, it will help build community resilience at these sites and enable the government, including all lead provinces and stakeholders, to implement and replicate nature-based solutions for climate resilience. The project will also help build the capacity of the government, including all provinces and stakeholders to implement the project.
According to the Green Climate Fund, four watersheds would be constructed in the Indus Basin under the project. The project aims to impact the lives of some 7.7 million people.
The project history page showed that the project had been submitted to the GCF on April 17, 2020. It took over 1,100 days to secure approval for the project.
https://twitter.com/theGCF/status/1678599267584229376
Funding
On the funding aspect, Rehman said that of the $77.8 million approved, the Green Climate Fund (GCF) will provide around $66 million.
The project will have co-financing of around $11.8 million. Of this, the project will receive three co-financing grants including two of $5 million each and one of $1.848 million.
Rehman said that the approval of the Recharge Pakistan project was a major achievement of the government.
"This project will prove to be very favourable in dealing with the effects of climate change," she added.
Collaborative effort
The project was primarily conceived by the Pakistan chapter for the World Wide Fund for Nature (WWF-Pakistan) to use solutions grounded in nature to address climate vulnerability. WWF-Pakistan has also been listed as the accredited entity by the GCF to execute the project.
WWF-Pakistan, which described the project as its flagship, will be executing it in partnership with the Federal Ministry of Climate Change, the Federal Flood Commission, Federal Ministry of Water Resources and with support from USAID and Coca Cola Foundation.
https://twitter.com/WWFPak/status/1678662582436249600