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Bhutan secures $20M from Least Developed Countries Fund for a new urban resilience project
The Global Environment Facility Least Developed Countries Fund (LDCF) has approved $20 million in grant funding for Bhutan’s new initiative, Enhancing Climate Resilience of Urban Landscapes and Communities in Thimphu-Paro Region (ECRUL). With co-financing commitments of more than $62 million from the Royal Government of Bhutan, the project seeks to tackle the growing climate challenges facing Bhutan’s key urban centers.
Climate adaptation in Bhutan
Bhutan is an environmental and development success story. But as the nation graduates from Least Developed Country status, climate change impacts are threatening to derail years of progress. Through the Least Developed Countries Fund (LDCF), the GEF and partners are supporting Bhutan to adapt to our changing climate, building resilience from the local to the national level and creating the foundations for a climate-safe future.
Bhutan hosts summit targeting $1 billion for the conservation of tiger landscapes
On the occasion of Earth Day 2024, the Royal Government of Bhutan is hosting the Sustainable Finance for Tiger Landscapes Conference under the patronage of The Queen, Jetsun Pema Wangchuck. The conference will launch an ambition to mobilize $1 billion in new funding over 10 years for the preservation of tiger landscapes, which are vital to maintaining biodiversity, sequestering carbon, supplying resources to over 100 million people, and ensuring the overall health of our planet.
LDCF and SCCF provide new targeted support for vulnerable states
The Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) will deploy $63 million in urgent funding for countries on the frontlines of climate change following a meeting of the Global Environment Facility-managed funds in Brazil.
Seven countries to get more targeted support from LDCF
Representatives of 184 countries have approved a new work program for the Least Developed Countries Fund, which together with the Special Climate Change Fund has provided more than $2 billion to date for the urgent climate resilience needs of small and vulnerable economies.
Creating a future for healthy forests in Bhutan
It is a small country in the distant Himalayas, known for being one of the happiest places on Earth. But Bhutan also is one of the most important players in the global fight against climate change.
Bhutan’s ranking in this regard is due to it being the only country in the world to commit to remaining carbon neutral, meaning it absorbs as much carbon dioxide as it emits into the atmosphere.