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Green Climate Fund renews EIF accreditation

Green Climate Fund renews EIF accreditation

The Environmental Investment of Namibia (EIF) has been re-accredited to the Green Climate Fund (GCF) for a further 5-year period, following its initial 5-year accreditation which lapsed in June 2021.

The EIF was first accredited by the GCF in 2016 as a Direct Access Entity for country-level programme delivery. To date, the fund has, as a consequence, raised more than N$640 million for Climate Action Grants & Readiness Support from the GCF for the country.

The GCF Secretariat made the announcement during a 4-day virtual meeting of the 30th meeting of the GCF Board recently held on 4 to 7 October.

The GCF climate change resources accessed by the EIF thus far include the: Climate Resilient Agriculture in three of the Vulnerable Extreme northern crop-growing regions (CRAVE) Project; Empower to Adapt-Creating Climate Change Resilient Livelihoods through Community Based Natural Resources Management in Namibia (CBNRM-EDA); Improving rangeland and ecosystem management practices of smallholder farmers under conditions of climate change in Sesfontein, Fransfontein, and Warmquelle areas of the Republic of Namibia (IREMA); and Building Resilience of Communities Living in Eight Landscapes Threatened Under Climate Change Through an Ecosystems-Based Adaptation Approach.

The EIF is hopeful that this re-accreditation will bring new funding opportunities for various projects in line with Namibia’s developmental objectives.

The GCF reported that it had disbursed over US$2 billion in climate change funding to date while the Board approved 13 new projects for mitigation and adaptation action, worth USD 1.2 billion in total. (Green Climate Fund).


About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys