UN Green Climate Fund approves $80 million for PKSF


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UN Green Climate Fund approves $80 million for PKSF

BM Desk

The Green Climate Fund (GCF) of the United Nations 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 (RHL) allocation will support the vulnerable coastal communities. The 5-year 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.

More $30 million under ‘Extended Community Climate Change Project-Drought (ECCCP-Drought)’ aimed at increasing resilience of the people living in the drought-prone areas of Bangladesh.

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, benefitting some 215,000 people in three drought-prone northwestern districts of Bangladesh.

The GCF Board approved the project proposals in its 36th meeting held in Incheon, South Korea on 13 July 2023. PKSF is a ‘Direct Access Entity’ of GCF, established under the United Nations Framework Convention on Climate Change (UNFCCC). Earlier, PKSF implemented two projects financed by GCF.



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