V20 Group funding programme for climate change adaptation
- Client Name
- UNIDO
- Location
- Global
Challenge
The Vulnerable Twenty (V20) Group [1] is a dedicated cooperative initiative of 68 economies that are systematically vulnerable to climate change, working together through dialogue and action to tackle global climate change.
The United Nations Industrial Development Organization (UNIDO) [2] and the V20 Group required support in the development of the project's Global Environment Facility (GEF) CEO Endorsement Documentation package.
Solution
Our Sustainable Business team supported UNIDO and the V20 in the development and submission of the GEF CEO Endorsement Documentation package for this innovative climate change adaptation project.
By bundling a set of key interventions in policy and coordination, capacity development, financing options, private sector engagement as well as awareness raising, the project is expected to boost adaptation by building resilience at community level to avert and minimize the impacts from climate change.
Impact
The expected results from project implementation include:
- Establishing and operationalizing the V20 Funding Programme (VFP) to support Micro, Small and Medium-size Enterprises / Civil Society Organizations to deploy high-impact innovative adaptation-oriented technologies, products, and services (TPS).
- Supporting the implementation of 50 high-impact climate change adaptation projects from MSMEs/CSOs with loss and damage co-benefits.
- Establishing and showcasing distribution and support channels to ensure communities, associations and cooperatives have access to adaptation TPS.
- Disseminating knowledge on climate change vulnerability and availability of adaptation TPS to decision makers and target vulnerable groups.
In May 2024, the GEF approved this project [3] which will create and operationalize the V20 Funding Programme (VFP) that will directly support a range of locally led adaptation interventions such as community infrastructure and livelihood asset repair, climate resilient construction and rehabilitation for communities impacted by extreme weather events, thus enhancing climate resilience.
References
2. UNIDO | United Nations Industrial Development Organization
