Ecuador receives financing for environmental projects

Ecuador received an economic incentive as financing for environmental care projects. President Lenín Moreno reported on the afternoon of this Sunday, September 27, that the Green Climate Fund provided 18.5 million dollars to invest in environmental initiatives.

Ecuador receives financing for environmental projects

Through his Twitter account, the President noted that the country becomes the second in the world to receive international non-reimbursable financing to continue with projects dedicated to environmental conservation.

The Fund for the disbursement of this item is part of the United Nations Macro Convention on Climate Change . Its objective is to help developing nations to generate actions that mitigate environmental impact. Funding comes directly from the REDD + Payment for Results Pilot Program.

The 18.5 million dollars is equivalent to the 3.6 million tons of carbon that have been reduced in the country and that are considered environmental achievements in the international community. With this money, the Ministry of Environment and Water will promote actions in indigenous territory to regularize land tenure in protected areas and promote sustainable public-private alliances for forest resources.

“We sow the future for a sustainable country ,” emphasized Moreno, along with an explanatory video about this recognition. Caring for the environment has become a priority on the world agenda to preserve natural life on the planet. (I)