The Board of the Green Climate Fund (GCF) convenes its 26th board meeting on August 18-21, 2020, for the first time in a virtual format. Fifteen applications concerning projects and accreditation have been submitted for discussion of the GCF board meeting.
Today, on August 19, the GCF Board discussed and approved the grant project “Forest resilience of Armenia, enhancing adaptation and rural green growth via mitigation”. GCF funding in the given project will amount to ten million US dollars. The project is aimed at reducing greenhouse gas emissions in the territory of the Republic of Armenia, improving the sustainability of forests, as well as enhancing adaptation. The project will be implemented by the “Environmental Project Implementation Unit” State Agency of the Ministry of Environment of the Republic of Armenia and Food and Agriculture Organization.