JICA has been enhanced project impact by maximizing resource mobilization through tapping into external funding opportunities. The Green Climate Fund (GCF) is the world’s largest multilateral climate fund and is part of the UNFCCC’s Financial Mechanism. JICA has been an Accredited Entity since 2019, executing projects that increase the climate resilience of developing countries and promoting the transition to a decarbonized society by utilizing Japan’s knowledge and experience.
GCF approved 3 projects:
- (approved at 28th meeting of GCF Board of Directors ) : “The Project for Community-Based Landscape Management for Enhanced Climate Resilience and Reduction of Deforestation in Critical Watersheds” aims to strengthen the country’s watershed management and giving livelihood opportunities to the vulnerable communities.
- (approved at 29th meeting of GCF Board of Directors): “ Building Climate Resilient Safer Island in the Maldives” aims to improve costal management including the protective functions of natural sandy beaches and coral reefs such as implementing early working and early action and knowledge sharing.
- (approved at 43rd meeting of GCF Board of Directors): “REDD+ Results-based Payments for results period [2015 - 2018] – Governance, Forest Landscapes and Livelihoods – Southern Laos Project (GFLL-SL)” aims to promote sustainable management of Lao PDR 's forests to enhance climate change mitigation and adaptation capacities, ecosystems conservation, and equitable and sustainable green growth of the rural communities, utilizing results-based payments for the emission reductions achieved by reduction of deforestation and forest degradation, and enhancement of forest carbon stocks (REDD+) during the period from 2015 to 2018 in Lao PDR.
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