Over 250,000 Thai farmers to benefit from rice green climate fund
A five-year Thai Rice Green Climate Fund (GCF) project is expected to benefit more than 250,000 smallholder farmers in Thailand and cut emissions in the local farming sector by 2.4 million tonnes of CO2 equivalent, according to Pavich Kasawong, deputy director-general of the Department of Climate Change and Environment.
Bangkok (VNA) - A five-year Thai Rice GreenClimate Fund (GCF) project is expected to benefit more than 250,000 smallholderfarmers in Thailand and cut emissions in the local farming sector by 2.4million tonnes of CO2 equivalent, according to Pavich Kasawong, deputydirector-general of the Department of Climate Change and Environment.
As reported by the Bangkok Post, Pavich said the projectaims to spur a transformational change through the large-scale introduction of sustainableand climate-smart farming practices.
Thai Ministry of Agriculture and Cooperatives’s RiceDepartment and the German Corporation for International Cooperation GIZ havereceived approval from the GCF for a grant of 38 million EUR (40.68 million USD) to carry out theproject.
It is expected to begin next year and run through 2029, Pavichsaid.
The GCF is the world’s largest international climatefinancing institution, investing in climate change projects in developingcountries to support their emission reduction commitments in line with theParis Agreement.
In addition to the 38-million EUR grant, co-financing isbeing provided by Thai public-sector partners including the Rice Department,the Bank for Agriculture and Agricultural Cooperatives, and the Office of NaturalResources and Environmental Planning./.
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