Global Environment Facility Current Affairs - 2019

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GEF assisted Green – Ag Project to transform Indian Agriculture

The Government has launched the “Green – Ag: Transforming Indian Agriculture for global environmental benefits and the conservation of critical biodiversity and forest landscapes” in association with Global Environment Facility (GEF).

About the Project

The features of the project are:

  • The project would be implemented in collaboration with the Food and Agriculture Organisation (FAO) in high-conservation-value landscapes of five States namely, (i) Madhya Pradesh: Chambal Landscape, (ii) Mizoram: Dampa Landscape, (iii) Odisha: Similipal Landscape, (iv) Rajasthan: Desert National Park Landscape and v) Uttarakhand: Corbett-Rajaji Landscape.
  • The Green-Ag project seeks to integrate biodiversity, climate change and sustainable land management objectives and practices into Indian agriculture.
  • The project aims to catalyze a transformative change of India’s agricultural sector to support the achievement of national and global environmental benefits and conservation of critical biodiversity and forest landscapes.

The project supports harmonization between India’s agricultural and environmental sector priorities and investments to realise the national and global environmental benefits without compromising on India’s ability to strengthen rural livelihoods and meet its food and nutrition security.

Month: Categories: Governance & Politics

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ADB to provide US $13 million loan to EESL to promote efficient energy usage in India

Asian Development Bank (ADB) it will provide US $13 million loan to Energy Efficiency Services (EESL) to promote efficient energy usage in India. It will be provided by Global Environment Facility (GEF) as part of US $200 million ADB-financed Demand-Side Energy Efficiency Sector Project.

Key Facts

ADB funding is helping EESL finance energy service utilities for installing established energy-efficient technologies such as light-emitting diode (LED) street-lights with municipalities, while exploring newer technologies and their self-sustaining business models.

The additional financing for project through GEF grant will be used by EESL for making investments in new and emerging technologies, including trigeneration, efficient motors and air-conditioners, smart meters/grids and associated new business models to expand use of such innovations as well as to set up v

Asian Development Bank (ADB)

ADB is a regional development bank based out of Asia. It aims to promote social and economic development in Asia by achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It was established in December 1966. It is headquartered at Ortigas Centre in Manila, Philippines. It has total 67 members, of which 48 are from within Asia and the Pacific and 19 outside.

Month: Categories: Business, Economy & Banking

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