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The Global Biodiversity Framework Fund (GBFF) of the Global Environment Facility approved funding for the BioTAct project, to help Madagascar (one of the world’s most renowned biodiversity hotspots) address growing threats to its diverse range of species.

The government of Madagascar, in collaboration with international financial institutions and development partners, announced today at the UN Climate COP29 in Baku an integrated set of innovative initiatives to catalyze climate finance in Madagascar. These initiatives, such as a climate finance mobilization strategy, a lemur bond, and a results-based grant financing facility for distributed renewable energy will play an instrumental role in mobilizing private and public sector financing for addressing climate-related challenges as well as opportunities for investment.

Madagascar has launched an innovative project to strengthen its essential oils sector against the rapidly increasing impacts of climate change. This initiative emphasizes entrepreneurship and technology innovation, aiming to equip micro-, small-, and medium-sized enterprises (MSMEs) with the tools and strategies to adapt to climate resilience challenges.  

Since 2019, the Global Environment Facility-funded planetGOLD program has supported countries in addressing mercury use in artisanal and small-scale gold mining (ASGM).