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PKSF gets $80m projects to combat climate change fallout

  • Diplomatic Correspondent
  • 13th July, 2023 02:50:59 PM
  • Print news
PKSF gets $80m projects to combat climate change fallout

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The UN’s Green Climate Fund (GCF) has approved two project proposals of Palli Karma-Sahayak Foundation (PKSF) to combat the adverse impacts of climate change.

The $50 million ‘Resilient Homestead and Livelihood Support to the Vulnerable Coastal People of Bangladesh (RHL)’ project will enhance climate resilience for the vulnerable coastal communities, and the $30 million ‘Extended Community Climate Change Project-Drought (ECCCP-Drought)’ aims to increase resilience of the people living in the drought-prone areas of Bangladesh.

The GCF Board approved the project proposals in its 36th meeting held in Incheon, South Korea on Thursday (July 13), said a press release of the PKSF.

PKSF is a ‘Direct Access Entity’ of GCF, established under the United Nations Framework Convention on Climate Change (UNFCCC).

The 5-year RHL project will finance development of climate-resilient housing and salinity-resilient livelihood technologies while raising awareness about the impacts of climate change among more than 362,475 vulnerable people in seven coastal districts.

On the other hand, the 4-year ECCCP-Drought project will assist in installing water infrastructure, re-excavating existing ponds and canals, following drought-adaptive cropping patterns and planting drought-tolerant crop varieties, directly benefitting more than 215,000 people in three drought-prone northwestern districts of Bangladesh.

Earlier, PKSF implemented two projects financed by GCF.