AGRI3 A Forest Conservation and Sustainable Agriculture Fund for Developing Countries
Category: MCF
Global AGRI3 project de-risks USD 1 billion private finance for forest conservation and sustainable agriculture in developing countries and emerging markets (2022-2034).
The AGRI3 project (GEF ID 10497), a Full-Sized Project (FSP) under the Global Environment Trust Fund (GET), aims to address climate change and land degradation in developing countries and emerging markets globally. Its primary purpose is to de-risk USD 1 billion of private sector financing and provide USD 15 million in technical assistance for initiatives focused on forest conservation, restoration, and sustainable agriculture. The project operates across multiple focal areas, including Climate Change Mitigation (CCM-2-6), Land Degradation (LD-1-1, LD-1-2, LD-1-3), and Biodiversity (BD-1-1), with all marked as Significant Objective 1 under the Rio Markers. Key mechanisms involve deploying innovative financial instruments and providing non-grant pilot funding to influence private sector models, engaging stakeholders such as individuals/entrepreneurs, financial intermediaries, capital providers, and SMEs. The affected sectors fall under Agriculture, Forestry, and Other Land Use (AFOLU), specifically targeting Sustainable Land Management (SLM), Sustainable Agriculture, Sustainable Pasture Management, Sustainable Forest Management (SFM), and Forest Landscape Restoration (FLR). The project also incorporates gender equality and capacity development. Submitted on September 23, 2022, the project is expected to commence implementation on November 1, 2022, and conclude on November 1, 2034, spanning a duration of 144 months. No specific regulation or statute names are provided in the project description.
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Full text:
Part I: Project Information GEF ID 10497 Project Type FSP Type of Trust Fund GET CBIT/NGI CBIT No NGI Yes Project Title AGRI3 A Forest Conservation and Sustainable Agriculture Fund for Developing Countries Countries Global Agency(ies) CI Other Executing Partner(s) Cardano Development Executing Partner Type Private Sector GEF Focal Area Multi Focal Area Sector AFOLU Taxonomy Land Degradation, Focal Areas, Sustainable Land Management, Sustainable Agriculture, Sustainable Pasture Management, Sustainable Forest, Food Security, Forest, Forest and Landscape Restoration, Influencing models, Deploy innovative financial instruments, Stakeholders, Private Sector, Non-Grant Pilot, Individuals/Entrepreneurs, Financial intermediaries and market facilitators, Capital providers, SMEs, Gender Equality, Gender Mainstreaming, Sex-disaggregated indicators, Beneficiaries, Gender results areas, Participation and leadership, Capacity Development Rio Markers Climate Change Mitigation Significant Objective 1 Climate Change Adaptation Significant Objective 1 Biodiversity Significant Objective 1 Land Degradation Significant Objective 1 Submission Date 9/23/2022 Expected Implementation Start 11/1/2022 Expected Completion Date 11/1/2034 Duration 144In Months Agency Fee($)
Tags: Agriculture, Adaptation, Afforestation, Biodiversity, Climate Change, Climate Finance, Deadline, Desertification, Development, Education, Equity, Finance, Food Security, Forests, Funding, Gender, Governance, Green Investments, Incentive, Institutions / Administrative Arrangements, Investment, Land Use, Loan, Mitigation, Policy, Public Private, Reforestation, Redd+ And Lulucf, Skills