SAP059
Fueling Green Recovery in Armenia – advancing forest infrastructure and creating sustainable jobs for rural communities
Fueling Green Recovery in Armenia – advancing forest infrastructure and creating sustainable jobs for rural communities
Armenia is experiencing climate change impacts intensifying pressures on its ecosystems and rural communities. Forests, which cover only approximately 11 per cent of the country, are under severe pressure from unsustainable logging, overgrazing and weak management, which is leading to declining carbon sequestration, increased soil erosion and biodiversity loss. These environmental stresses contribute to the vulnerability of rural households that rely on natural resources for subsistence and income, leaving them increasingly exposed to climate and economic shocks.
The project aims to strengthen the resilience of Armenia’s forest ecosystems and rural economies by restoring degraded landscapes, diversifying livelihoods, and modernising forest management systems. Specifically, it will expand climate-resilient forest cover through reforestation, build non-timber forest product (NTFP) value chains and agroforestry systems to generate sustainable income, and introduce digital monitoring and investment platforms to improve governance and enable future carbon market access. Together, these interventions will reduce climate risks, increase forest carbon sequestration, and support more resilient and inclusive rural communities.
By introducing digital MRV and investment platforms, the project positions Armenia to access emerging forest carbon markets and attract diversified private sector investment to strengthen long-term financial sustainability.
Project timeline
Pipeline
24 Nov 2021 • 1437 days
Concept note received
24 Nov 2021
Funding proposal received
25 Apr 2025
Cleared by iTAP
03 Oct 2025
Approved
30 Oct 2025 • 37 days so far
Approved by GCF Board
30 Oct 2025
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
| Instrument | Amount |
|---|---|
| Grant | USD 9,493,842 |
| Total GCF Financing |
|---|
| USD 9,493,842 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | In-kind | USD 151,600 |
| Co-Financing | In-kind | USD 250,551 |
| Co-Financing | In-kind | USD 78,000 |
| Co-Financing | In-kind | USD 26,000 |
| Total Co-Financing |
|---|
| USD 506,151 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Environmental Projects Implementation Unit, State Agency of the Ministry of Environment, Armenia
Head of Project Implementation and Monitoring Department, Environmental Projects Implementation Unit(EPIU) SA, Ministry of Environment of the Republic of Armenia
65A Tigran Mets Ave., 3rd flr., Yerevan, Armenia, Yerevan, Armenia
Director of Environmental Projects Implementation Unit(EPIU) SA, Ministry of Environment of the Republic of Armenia
65A Tigran Mets Ave., 3rd flr., Yerevan, Armenia, Yerevan, Armenia
More contacts
National Designated Authority
Ministry of Environment
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Head of International Cooperation Department