STAFF WRITER
The Environmental Investment Fund (EIF) Chief Executive Officer Benedict Libanda says their accreditation as a National Implementing Entity (NIE) of the Adaptation Fund will open doors for them to deliver innovative projects.
EIF was accredited by the Adaptation Fund Board’s Decision during the intersessional period between its forty-fourth and forty-fifth meetings.
This accreditation is a testament to EIF’s strong governance and commitment to impactful climate solutions. “It opens doors to deliver innovative projects that address the real challenges faced by our people and ecosystems,” Libanda said.
The EIF said in a statement that the milestone is a recognition of their robust standards, rigorous environmental and social safeguards, and proven capacity to deliver impactful climate adaptation projects.
The accreditation will also empower EIF to directly access international climate finance, enabling the design and implementation of transformative, country-led initiatives that bolster resilience against climate change, particularly for Namibia’s most vulnerable communities.
Under this accreditation, EIF can access up to US$20 million (approximately N$370 million) – the country cap allocated by the Adaptation Fund to each eligible developing country. These resources will support Namibia in addressing the adverse impacts of climate change through locally led adaptation initiatives.
EIF is already developing a series of transformative projects aimed at enhancing climate resilience across Namibia’s communities and key economic sectors. These include Strengthening Resettlement Farms through supporting vulnerable communities resettled.
It also includes Sustainable Aquifer Management through piloting integrated water resource management approaches in drought-prone regions to bolster climate resilience.
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