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UNDP Green Climate Fund sanctioned $43 million to boost climate resilience in 3 Indian coastal states

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On November 14, 2019 India started its $43 million worth project to boost climate resilience in three coastal states in partnership with the United Nations Development Programme (UNDP). The project is funded by Green Climate Fund (GCF), a fund established within the framework of United Nations Framework Convention on Climate Change (UNFCCC) in assisting the developing countries.Green Climate Fund

3 Coastal areas: The 3 coastal areas where the project will be implemented are Andhra Pradesh, Maharashtra and Odisha. 

Aim: The project aims to build climate resilient livelihoods, offset 3.5million tonnes of carbon over the next 30 years, protect the vulnerable ecosystems.

Key Points:

i.Additional finance: The Indian govt. will provide an additional finance of $86.8 million for the project to mainstream and accelerate the impacts of the Green Climate Fund grant.

ii.Project impact: It is a 6-year project and is expected to positively impact 1.7million people on the above mentioned 3 coastal areas and also over 10 million people living in the coastline.

iii.Project activities: 

  • Restoration and conservation of over 15,000 hectares of mangroves, coral reefs, seagrasses and saltmarshes will be done.
  • Help the nation in achieving its goal of outlined in Paris Agreement and 2030 Agenda of the Sustainable Development Goals(SDG).

About GCF:
Formation- 2010.
Headquarters- South Korea.

About UNDP:
Fact-  UNDP provides expert advice, training and grants support to developing countries, with increasing emphasis on assistance to the least developed countries
Formation-22 November 1965.
Headquarters- New York, United States(US).
Administrator- Achim Steiner