FAO DESIGNED PROJECT IN PARAGUAY AIMED AT DEFORESTATION...

12 April, 2019, Rome - The Green Climate Fund (GCF), the main global fund to finance actions to address climate change, will allocate more than $25 million to a FAO-designed project in Paraguay aimed at combating deforestation, hunger and poverty, and building the climate-change resilience of local populations.

The funding agreement was signed today by FAO Assistant Director-General for Programme Support and Technical Cooperation, Roberto Ridolfi, and the Deputy Director of GCF's Division of Mitigation and Adaptation, Andreas Biermann, at FAO headquarters in Rome.

"This is a very important step in the growing partnership between FAO and the GCF. PROEZA is the first fully-fledged Project funded by GCF. FAO will work with the Government of Paraguay and GCF to respond to adverse effects of climate change by investing in low-emission and climate-resilient development," said Ridolfi. "The project targets the most vulnerable households through addressing poverty, deforestation and energy access promoting a holistic landscape approach to ensure climate change resilience in target areas."

"GCF is proud to support PROEZA, a project which will enhance the resilience to climate change of the most vulnerable in Paraguay and enable them to mitigate greenhouse gas emissions by afforestation while at the same time improving their economic situation," said Biermann.