The Global Environment Facility (GEF), a leading global environmental public financial institution, has announced an innovative way to help mitigate climate change through a path breaking monitoring process designed to work in a variety of landscape settings—desert and forest, farmland and village.
The Carbon Benefits Project (CBP), implemented by the United Nations Environment Programme (UNEP) is a new solution to a persistent problem: how to measure terrestrial carbon, particularly on complex landscapes. The CBP provides a cost effective system that integrates the latest remote sensing technology and analysis, ground based measurement, and rigorous statistical analysis.
“The CBP will save money and time by streamlining land cover analysis,” said Monique Barbut, CEO of the GEF. “Project managers that use the methodology will be able to engage communities in measurement efforts and help them benchmark for better results.”
The CBP will also include a best practices component that will provide crucial data on appropriate land use practices that can improve quality of life while also helping to mitigate climate change.
Specific benefits of the CBP include:
- Measuring terrestrial carbon on a large area basis even in heterogeneous landscapes with many landcover types such as those that include smallholders in developing countries.
- Building a cost effective and accurate system that provides a way to document the mitigation of atmospheric carbon levels as a global environmental public good. The system will be applicable across the full portfolio of land use projects implemented by the 10 GEF Agencies (World Bank, Regional Development Banks, IFAD, UNDP, UNIDO, FAO and UNEP) and thus provides a way to compare and document their performance in contributing to climate change mitigation.
- Encouraging sustainable development projects that generate climate adaptation, mitigation and conservation benefits, thus making projects that include a carbon component more attractive; and
- Assisting land use carbon project developers in selecting methods that combine livelihood benefits with climate change mitigation benefits.
About the GEF
The GEF unites 178 countries in partnership with international institutions, non-governmental organizations (NGOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives. Today the GEF is the largest funder of projects to improve the global environment. An independent financial organization, the GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.
Since 1991, GEF has achieved a strong track record with developing countries and countries with economies in transition, providing $8.3 billion in grants and leveraging $33.7 billion in co-financing for over 2,200 projects in over 165 countries.
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