Ground Water Recharge and Solar Micro Irrigation project being implemented, says Choubey
Five projects have been approved with total allocation of US$514.8 million in diverse areas including water, clean energy, livelihoods and transport under the Incheon-headquartered Green Climate Fund’s (GCF) ongoing GCF Readiness Program.
Two projects under GCF are being implemented with the active participation of communities in the states of Andhra Pradesh, Maharashtra and Odisha. These are: Ground Water Recharge and Solar Micro Irrigation to Ensure Food Security and Enhance Resilience in Vulnerable Tribal Areas of Odisha as well as Enhancing climate resilience of India’s coastal communities.
These updates were given by Minister of State for Environment, Forest & Climate Change, Ashwini Kumar Choubey, in a written reply in Lok Sabha on 19 July 2022.
Elaborating, he said the Indian Government had organized a stakeholder consultation workshop on ‘Understanding India’s Climate Financing needs and its mobilization with focus on GCF under the ongoing GCF Readiness Program’ on 24 June 2022 in New Delhi.
The workshop addressed ways of mobilizing finance at scale to facilitate a shift to low greenhouse gas emission and climate resilient development path, aligned with India’s Nationally Determined Contributions under Paris Agreement.
The workshop suggested that sustainability path significantly raises the need for finance and human, technological and institutional capacities.
The task of developing a global architecture for trade in credits for emission reductions under Article 6 of the Paris Agreement is assigned to the UNFCCC Secretariat, as per the decisions of Parties to Paris Agreement.
The GCF’s objective is to support shift towards low-emission and climate resilient development path by providing support to developing countries in the form of grants, loans, guarantees, equity etc.
The Government has been actively engaging with GCF, he pointed out. fiinews.com
