Green Climate Fund to finance climate-smart agriculture in Ivory Coast
Ivory Coast has secured US$50mn from the Green Climate Fund to support the Ministry of Environment and Ecological Transition-led LARACI project, also known as Strengthening Sustainable Land Management and Climate-Resilient Agri-Food Systems in Ivory Coast
The five-year programme set to be implemented across regions adversely impacted by climate change is scaled to directly impact 147,000 people.
While cocoa has given Ghana its global name, it has come at the huge environmental cost of deforestation. Regions like N’Zi, Moronou, Iffou, Me and Gbeke have bore the brunt with rising temperatures, rainfall variability, droughts, floods, and climate-induced pest pressure, among other climate adversities. Cocoa fame has also overshadowed rice, cassava and yam production, which were left neglected and underfinanced even though a good 48 per cent of the population depends upon these crops to make a living.
The LARACI project has identified these crops to restore their production with climate smart agricultural practices based on a three-point agenda:
- Introducing agrometeorological advisory services and advancing climate-aligned finance to build a national foundation for climate-resilient agriculture
- Boost agroforestry and sustainable land management to reduce emissions and enhance soil carbon sequestration
- Leverage technology to support underfinanced crop production by fostering inclusive growth for women and youth
The project will also reduce emissions of 606,212 tCO₂eq over the five-year implementation period, and around 3.8 million tCO₂eq over a twenty-year lifespan.
Approved at the Green Climate Fund’s 45th board meeting in Dushanbe, the LARACI project will be implemented by FIRCA as CGIAR act as the entity accredited to the fund. AfricaRice will also be one of the contributors of the project.
Ivory Coast's national priorities on sustainability, especially climate finance initiatives, have drawn global traction, with Abidjan selected as the host country for Green Climate Fund’s Africa regional office.