Top Green Fund Backs Deforestation-Free Crops With $189 Million
- The Green Climate Fund approves money for &Green facility
- Money will support sustainable agriculture in 11 countries
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The world’s biggest global climate fund has approved a $189 million commitment to &Green facility to support agriculture that doesn’t cause deforestation.
The pledge by the $12.8 billion Incheon, South Korea-based Green Climate Fund will target the sustainable production of crops such as cocoa, palm oil, soybeans and rubber in 11 nations without reducing tree cover. Six of the recipients are in Africa — Ivory Coast, Zambia, Liberia, Gabon, the Democratic Republic of Congo and Cameroon — the GCF said in a statement sent to Bloomberg on Monday.