The Ministry of Agriculture, Regional Development and Environment will work out a country program on climate change adaptation and mitigation so that the Republic of Moldova benefits from projects financed by the Green Climate Fund, IPN reports, with reference to a press release of the Ministry.
The continuous cooperation between the governmental institutions and the private sector will improve and stimulate the process of thinking up the country program and the national legal framework needed to obtain financing, said Victor Galusca, head of the Soil and Subsoil Protection Service. Simultaneously, a consultation and training process will be initiated to work out national procedures so that Moldova swiftly becomes eligible and has increased capacities for attracting projects within the Green Climate Fund.
FAO Representative to Moldova Tudor Robu said the agricultural sector is among the most important ones in the country’s economy, but this is exposed and is vulnerable to climate change. Therefore, the prioritization of themes as investment areas of the Fund is essential for Moldova.
The Green Climate Fund is a fund established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) to assist developing countries limit or reduce their greenhouse gas emissions and adapt to climate change. The objective of the Fund is to support projects, programs, policies and other activities in developing country Parties using thematic funding windows. When the Paris Agreement was reached in 2015, the Green Climate Fund was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius. Through this support, Moldova can achieve its climate change adaptation and mitigation objectives.
