Green Climate Fund-supported climate-smart planting methods
7 November 2023 at 16:51 PUBLISHED
According to local officials, a five-year Thai Rice Green Climate Fund ( GCF ) project is anticipated to help more than 250 000 smallholder farmers in Thailand while lowering emissions in the agricultural sector by 2.4 million tonnes of CO2 equivalent.
According to Pavich Kasawong, assistant director-general of the Department of Climate Change and Environment, the project aims to encourage a revolutionary change by widely implementing sustainable and climate-savvy cultivation methods.
Following the signing of a funding agreement between the GCF and Deutsche Gesellschaft für Internationale Zusammenarbeit ( GIZ ) for the project” Thai Rice: Strengthening Climate – Smart Rice Farming ,” Mr. Pavich made the remarks.
During a conference of the GCF committee in Tbilisi, Georgia, the project was given the go-ahead.
The GCF has approved the Rice Department, operating under the Ministry of Agriculture and Cooperatives, and the GIZ for a grant of€ 38 million( 1.45 billion baht ) to complete the project. According to Mr. Pavich, it is anticipated to start the following month and last until 2029.
The GCF, the largest global climate financing organization in the world, invests in climate change initiatives in developing nations to support its emissions reduction commitments under the terms of the Paris Agreement.
The bank makes investments in both climate change adaptation and mitigation initiatives that lower greenhouse gas emissions.
According to Mr. Pavich, the Thai initiative aims to give prone growers access to climate-smart farming systems and help them make better decisions in the face of climate shift.
Thai public-sector associates, including the Rice Department, the Bank for Agriculture and Agricultural Cooperatives, and the Office of Natural Resources and Environmental Planning, are providing co-financing in addition to the€ 38 million grant from the GCF.
The German Federal Ministry for Economic Cooperation and Development and colleagues in the private business support it.