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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.
Enhancing sustainability and resilience of forest and agricultural landscape in Bhutan
As COP23 international climate talks continue in Bonn, Bhutan has launched a ground-breaking US$13.9 million Global Environment Facility (GEF) project aimed at enhancing the resilience of communities and protecting the country’s unique and rich biodiversity in the face of a changing climate.
Financing for disaster reduction discussed at WBG-IMF Annual Meetings
In the wake of the recent hurricanes that have devastated islands across the Caribbean, and other incidences of extreme weather around the world, disaster risk financing was on the agenda of the 2017 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF).
A number of sessions looked at the issue in advance of October 13, designated by the United Nations as the International Day for Disaster Reduction.
Time to act
The Earth Summit in Rio de Janeiro, Brazil, in 1992 was an historic moment for our planet, producing the United Nations Framework Convention on Climate Change and the Convention on Biological Diversity in addition to the Rio Declaration. Bhutan, under the far-sighted leadership of our monarchs, was one of the early countries to welcome and support both agreements to help tackle the world's most pressing environmental problems.