By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    2 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 months ago
  • Africa
    Africa
    Show More
    Top News
    Africa Leaders Summit: US To Strengthening Partnerships To Meet Shared Priorities
    3 years ago
    President Ruto Rallies Kenyans To Move Nation Forward
    3 years ago
    Tanzania: United Nations Steps Up Efforts To Build Climate Resilience
    2 years ago
    Latest News
    Canada–Africa Chamber Of Business: Delegates From Nigeria, Kenya, SA, DR Congo Visit Hamilton To Strengthen Trade And Investment Links
    1 day ago
    Four African Cities Awarded CRA’s African Urban Heat Resilience Grants 
    6 days ago
    Gov Sanwo-Olu Hails Lagos Nomination As Intra-African Trade Fair Host
    6 days ago
    New AfDB President Set Youth Target In 100 Days, To Prioritise Reforms, Partnerships
    2 weeks ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Voters In Katsina Vow To Dump Buhairi, APC
    3 years ago
    My Son Must Win, Ondo State’s King Threatens His People
    3 years ago
    I Will Not Disappoint My Constituents, Dekor Reassures Ogoni People
    2 years ago
    Latest News
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    4 weeks ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    1 month ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    2 months ago
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    SP Abimbola Olabisi Appointed As New Lagos PPRO
    11 hours ago
    At Polish-Nigerian Economic Forum, Lagos Makes Case For Partnership, Trade Investments
    1 day ago
    798 Pensioners Paid N1.52B In Lagos State
    1 week ago
    Unlock Your Potential: NEXIM MD Inspires Nigerian Youth To Pursue Their Passions, Highlighting Opportunities In Non-oil Value Chains
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    3 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Nigerian Afrobeat Artiste WONDA Drops Captivating Summer Anthem ‘Ibiza’
    2 years ago
    Latest News
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    1 day ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    1 week ago
    France Télévisions Hits Record Digital Engagement With Its Roland-Garros 24×7 Channel Powered By Wildmoka
    1 week ago
    Hello Mr Right Naija Season 3: Love, Drama And Surprises Await This September!
    2 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Pilgrimage To Israel Not Tourism Jamboree, Lagos First Lady Warns
    3 years ago
    Hilton to Debut Canopy by Hilton and Hilton Garden Inn Brands in Nigeria
    1 year ago
    Lagos SWAN Holds Cultural Sports And Traditional Fashion Fiesta
    2 years ago
    Latest News
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    1 week ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    3 weeks ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    3 weeks ago
    Lagos Tourism Ministry Visits Heritage Sites For Inventory, Documentation
    4 weeks ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    1 week ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    1 week ago
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    2 weeks ago
    Nexim Bank Boss To Engage Young Nigerians With Non-oil Export Opportunities For Wealth Creation At Breakfast Session
    3 weeks ago
    ₦46B in pre-launch transactions.
    After ₦46B Pre-launch Transactions, Fidelity Bank Unveils PAPSS In Nigeria
    1 month ago
  • Health
    Health
    Show More
    Top News
    South Africa’s Cannabis Growers In Pondoland Left Behind By Legalisation Plans
    3 years ago
    WHO
    WHO Expands Health Services Support For Vulnerable Populations In Nigeria’s Northeast
    3 years ago
    trachoma
    WHO Commends Benin, Mali For Eliminating Trachoma As Public Health Problem
    2 years ago
    Latest News
    CAPPA Commends FG Health Tax Policy, Renews Call for Higher Sugary Drinks Excise Duty
    1 week ago
    Jubilation In Ebonyi As FG, State Govt Activate MAMII To Safe Pregnant Women And Babies
    1 week ago
    Abakaliki Agog As MAMII Train Enters Ebonyi State
    2 weeks ago
    LASU Professor Wins Distinguished Meritorious Obstetrics and Gynecological ICON Award
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: GEF Unveils $20m Investment In Climate Adaption Innovators
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Environment > GEF Unveils $20m Investment In Climate Adaption Innovators
Environment

GEF Unveils $20m Investment In Climate Adaption Innovators

Last updated: 2024/11/16 at 1:53 PM
10 months ago
Share
GEF Unveils $20m Investment In Climate Adaption Innovators
SHARE

As funding the climate challenge takes center stage at COP29 in Azerbaijan, the Global Environment Facility (GEF) has announced the latest winners of its Challenge Program for Adaptation Innovation, with $20 million in grants awarded to projects that will reimagine climate adaptation finance.

From initiatives to enhance the adaptive capacity of women entrepreneurs in the agricultural sector through financial inclusion, to scaling up traditional fire management techniques for resilient ecosystems services through carbon credit generation, crowdfunding climate-smart loans, developing a virtual green bank for adaptation, and kickstarting international markets for resilience-building bonds, the 13 award-winning projects all aim to test and scale up vital financial innovations.

The GEF-backed Challenge Program for Adaptation Innovation aims to pilot and de-risk new approaches to adaptation funding, leveraging donor funding to create the conditions for comprehensive private sector engagement in overcoming the shared challenges of climate change.

“Adapting to climate change is one of the defining challenges of our time, but it also offers an undeniable opportunity. By seeding these new approaches to climate adaptation funding, we are enabling the development of innovative technologies, while reducing risk and providing the conditions needed to open financial flows and enable new investors and sectors to take action,” Carlos Manuel Rodríguez, GEF CEO and Chairperson said.

- Advertisement -
Ad imageAd image

Selected from well over 100 proponents from around the globe, the latest tranche of winners will bring GEF investments in the Challenge Program to over $40 million across 32 projects in implementation or development, with an additional $40 million to be invested in the period to 2026.

The teams behind each of the winning proposals announced at COP29 will be invited to further develop and implement their concept in collaboration with one of GEF’s 18 agency partners.

Financing for the Challenge Program comes from the GEF’s two dedicated climate adaptation funds – the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF). The LDCF is the only multilateral climate fund designed to address the unique climate adaptation needs of Least Developed Countries; while the SCCF is focused on targeting the adaptation priorities of Small Island Developing States as well as catalyzing innovation, technology transfer, and private sector engagement. Together the two funds have provided approximately $2.5 billion in grant financing and mobilized an additional $14.3 billion from other sources, which is expected to reduce the vulnerability of 84 million people in 118 countries since their inception in 2001.

You Might Also Like

Four African Cities Awarded CRA’s African Urban Heat Resilience Grants 

At Stakeholders’ Meeting, Obasa Vows To Transform Agege LG Into A Model Cleanliness

CAPPA Faults Lagos PPP Water Plans, Maintains Stand Against Water Privatisation

Residents Of Festac Town Hail Amuwo – Odofin LG Boss For Clearing Shanties And Miscreants

UNIDO Partners Abuja For Japan-funded Pilot Plastic Recycling Plant

TAGGED: Climate change, gef
INadminNG November 16, 2024 November 16, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article NURTW Crisis: Baruwa Asks IGP, Attorney General To Enforce Appeal Court Judgement, Calls MC Oluomo’s Inauguration Laughable’
Next Article Nigerian, African Activists Protest At COP 29 As 1773 Fossil Fuel Lobbyists Flood Baku
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?