June, 2021. – As a result of the great work being done to adapt to climate change, Profonanpe, Peru's environmental fund, received a new accreditation as a National Implementing Entity (NIE) before the Adaptation Fund, an international organization that finances projects and programs to help developing countries adapt to the harmful effects of climate change.
With this recognition, decided by the Board of the Adaptation Fund, Profonanpe will be able to receive up to an additional 10 million dollars to finance projects focused on this problem and, with this, continue working hand in hand with the Ministry of Environment in the objective of fulfilling Peru's commitment to reduce 40% of its greenhouse gas emissions by 2030, presented to the United Nations Framework Convention on Climate Change.
“This important accreditation validates that our processes are internationally approved by the Adaptation Fund. It recognizes the enormous effort we are making to be an ally of individuals, the government, private companies, and organizations in fulfilling the country's environmental agenda, in this case, in terms of climate change,” highlighted Anton Willems, CEO of Profonanpe.
In 2013, Profonanpe achieved its first accreditation before the Adaptation Fund and received this important financing with which, in 2018, it began to execute the project of “Adaptation to the impacts of climate change on the coastal marine ecosystem of Peru and its fisheries” together with the Ministry of Environment, the Ministry of Production and the Institute of the Sea of Peru (IMARPE).
This project focuses on directly reducing the vulnerabilities generated by climate change for 500 fishermen in the coves of Máncora-Piura, El Ñuro, Los Órganos and Cabo Blanco in the north, and for 200 fishermen in the coves of Végueta and Carquín and the fishing port of Huacho-Lima in the south; at the same time, this will indirectly benefit thousands more people.
“We are committed to investing significant effort to be the organization that works hand in hand with the Peruvian government to advance and achieve the goals the country has set in terms of climate change. It is important to remember that Profonanpe is the financial mechanism for these issues, and being a national organization sends a global signal that Peru has strong institutions,” Willems emphasized.
This accreditation is valid until June 2026, at which time a new one must be requested in order to continue working on climate change adaptation and promoting the implementation of the environmental agenda in Peru.
Fact:
- This accreditation adds to the one already held by the Green Climate Fund (GCF), an organization that helps developing countries in adapting to climate change and mitigating its effects within the framework of the Paris Agreement.
About Profonanpe:
Profonanpe has established itself as the most important private environmental fund in Peru. Since its founding, it has been characterized as an institution specializing in creating, developing, and implementing innovative processes in technical, administrative, and fund management, and in coordinating with all public and private stakeholders working to conserve biodiversity and mitigate and adapt to climate change.
Regarding the Adaptation Fund:
The Adaptation Fund or Adaptation Fund, The Adaptation Fund (AFF) is an organization that finances projects and programs that help vulnerable communities in developing countries adapt to climate change. Since 2010, the AFF has committed US$833 million to projects and programs to date, including 121 concrete projects, in nearly 100 countries. The Fund is largely financed by government and private donors, and also by a two percent share of the revenue from certified emission reductions issued under the Kyoto Protocol.
