&Green Fund: Investing in Inclusive Agriculture and Protecting Forests

  • Cross-cutting
  • Under implementation
Date approved
13 Jul 2023
ESS Category
Intermediation 1
Financing
Private sector
Entity
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden

Overview

The 1.2 billion hectares of tropical forests around the world act as crucial hubs of biodiversity and play a vital role in regulating the world's water-supply while serving as massive carbon reservoirs. The restoration and preservation of these forests are a necessary part of the effort to curb climate change. Climate change can lead to self-reinforcing negative spirals where local production losses heighten deforestation rates as producers are forced to clear forest to compensate for declining yields.  

The &Green Fund will promote sustainable commodity production and higher productivity on agricultural land in selected countries with important tropical forest resources, thereby decreasing the pressure to clear forests for agricultural purposes. The fund will work to reduce emissions and increase the resilience of local communities by financing the transformation of tropical agricultural commodity supply chains from extractive to sustainable practices. The project will achieve this by providing technical assistance and financial support to producers with conditions that necessitate the protection and restoration of existing forests by focusing on supply chains in sectors that drive deforestation such as livestock, palm oil, soy, rubber, cocoa, and forestry. 

Result areas

Project timeline

  • Pipeline

    576 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    224 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    846 days so far

    • FAA effective

  • To be completed

    Not started

  • Total project value $ 985 million

  • Tonnes of CO2 equivalent avoided 339 million

  • Total number of beneficiaries 26.6 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 985 million

Show details

GCF-financing

45% disbursed

  • Grant USD 9,350,000
  • Loan USD 180,000,000
  • Total GCF-financing USD 189,350,000

Co-financing

  • Inkind USD 3,000,000
  • Grant USD 4,350,000
  • Grant USD 15,000,000
  • Loan USD 56,500,000
  • Loan USD 600,000,000
  • Grant USD 4,250,000
  • Grant USD 94,690,000
  • Loan USD 2,500,000
  • Grant USD 15,000,000
  • Total co-financing USD 795,290,000

Documents

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