Pakistan secures $10 mn in climate financing for nature based solutions

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Pakistan secures $10 mn in climate financing for nature based solutions - Business Standard

Quick Summary:

The funding was approved on Friday by the Adaptation Fund Board for the project called Sustainable Actions for Ecosystems Restoration in Pakistan (SAFER), according to a statement by the Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD).

Pakistan has secured USD 10 million in climate finance funding to enhance integrated and adaptive water resource management in the Indus River, with a particular focus on nature-based solutions, to benefit the local communities.

The Adaptation Fund was established in 2001 to finance concrete adaptation projects and programmes in developing countries which are Parties of the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.