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ICO PUBLISHES GUIDE TO GREEN AND CLIMATE FUNDING

ICO PUBLISHES GUIDE TO GREEN AND CLIMATE FUNDING



The International Coffee Organization and the Sustainable Coffee Challenge have published a guide to accessing funding for coffee farming.

‘Guide to Access Green and Climate Funding for the Coffee Sector: The Global Environment Facility (GEF),’ seeks to assist governments of coffee-producing countries to access Global Environmental Facility (GEF) funding in order to address coffee sector challenges.

The GEF, in its new four-year replenishment cycle, GEF-7, which has an allocation of US$4.1 billion, has included coffee in the list of commodities eligible for funding.

GEF-7 thereby provides an invaluable opportunity for countries to prioritize investment in development programmes that will not only enable sustainable coffee production, but also have a positive impact on nature conservation, as well as on the livelihoods of coffee-producing communities.

“Actors from across the sector need to drive investments to help ensure the continued sustainability of coffee production in light of the pressing challenges presented by climate change,” said José Sette, Executive Director of the International Coffee Organization.

“To date coffee projects received just US$32.8 million GEF funds, representing less than 0.2% of the total GEF funding pot, and US$223 million in co-financing. The coffee sector needs to take full advantage of such financing mechanisms and act swiftly to unlock green and climate finance by promoting practices, strategies and enablers for a climate resilient coffee supply chain and economy”.

“The opportunity of GEF-7 is extremely timely for the global coffee sector, as nearly every major coffee-producing landscape is under stress due to the impact of climate change”, said Bambi Semroc, Vice-President for Sustainable Markets and Strategy at Conservation International.

“Rising temperatures, droughts and changing weather patterns are predicted to reduce the overall land suitable for growing coffee by 50 per cent. As traditional growing areas decrease, farmers may look to plant coffee in protected locations situated in biodiversity hotspots, such as forested areas located higher up on mountainsides that are designated for conservation.”

The Guide can be accessed here and printed copies will be distributed at the 122nd Session of the International Coffee Council which will take place 17-21 September in London.

Both organizations will be developing further support guides on international financing opportunities to help drive investments in the coffee sector to address the global impact of climate change.

More about the GEF and other matters at the ICO can be found in the September issue of C&CI in an exclusive interview with Mr Sette.

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