WINDHOEK, Aug. 29 (Xinhua) -- Namibia's Environmental Investment Fund (EIF) signed another agreement worth 127 million Namibia dollars (about 8.3 million U.S. dollars) with the Green Climate Fund (GCF), the Fund announced Thursday.
The agreement was signed during the Global Programming Conference in Songdo, South Korea on Aug. 23, the EIF said in a statement.
According to EIF, the signed grant will be implemented in 13 regions over the eight landscape in Namibia to strengthen climate resilience of the vulnerable rural communities through Ecosystem-Based Adaptation (EbA) approach.
"Activities undertaken as part of the project will maintain and enhance ecosystem integrity to continue to support the generation of food and income in order to reduce the severity of negative socio-economic impacts of climate change on vulnerable rural households," EIF added.
Meanwhile, the project will be implemented through the Ministry of Environment and Tourism doubling as the National Designated Authority (NDA) to the GCF.
To date, the EIF managed to mobilize about 500 million Namibia dollars worth of projects in the areas of agricultural resilience, renewable energy and ecosystem base adaptation from the GCF.