Bhutan for Life Program (BFL) Receives US$ 26.5 Million Grant from the Green Climate Fund (GCF)
During the recent Green Climate Fund (GCF) Board Meeting held in Cairo from 30th September to 2nd October, 2017, the GCF, supporting developing countries to promote a paradigm shift to low-emission and climate-resilient development, approved a grant of US$ 26.5 million to support Bhutan’s project entitled: Bhutan for Life (BFL). The BFL was submitted by World Wildlife Fund (WWF) in partnership with the Royal Government of Bhutan (RGoB), coordinated by the Gross National Happiness Commission, the GCF NDA in Bhutan.
The GCF support for Bhutan covers the climate related aspects of BFL, sequestering carbon in the nation’s forests and improving resilience to climate change through maintenance of healthy intact watersheds and leverage additional public and philanthropic fund for BFL. Overall, the support is aimed for effective and sustainable management of the Nation’s protected areas system, covering more than half of the country’s territory.
On this new development and great news, the following appreciation notes and comments have been made:
Honorable Prime Minister said, “Bhutan is very pleased to have received funding from GCF for Bhutan for Life. This funding will help us establish a world class system of parks and other protected areas for their ecological and climate benefits, while also supporting sustainable livelihoods and ecotourism development.”
The Minister, Ministry of Agriculture and Forests commented “This is another milestone in the evolution of Bhutan’s amazing network of protected area system and we are now looking forward to realizing the vision of this initiative in the years ahead”.
The Secretary of the Gross National Happiness Commission said, “The support from GCF is critical to supporting the up-coming 12th five year plan which partly includes interventions addressing Bhutan’s vulnerability to climate change and realizing the objectives of Bhutan’s NDC and international agendas such as SDG. He applauded the cordial and strong partnership between WWF and RGoB in conceiving the project idea and taking it forward.
The Country Representative for WWF Bhutan said: “The BFL conservation financing program is a humble tribute to the great conservation vision of His Majesty the King, always inspiring goodness for the well being of the planet and Bhutan’s rich environmental heritage”
For formal announcement and details, visit GCF website: http://www.greenclimate.fund/-/gcf-approves-11-projects-at-its-final-board-meeting-of-the-year?inheritRedirect=true&redirect=%2Fhome