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Green Growth Equity Fund

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Amazon
Area: 5888268 km2
Countries:
Brazil; Peru; Suriname; France; Colombia; Guyana; Bolivia; Venezuela; Ecuador
Cities:
Santa Cruz; Manaus; La Paz
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Sub-basin:
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Quick Info

Countries: United States of America
Basins: Mississippi (427)
Project SDGs:
Includes Sustainable Development Goals from the project and its locations.
Climate Resilience and Adaptation (SDG 13.1)
Project Tags:
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Water Funds
Progress to Date: 944.5m Tonnes of emissions avoided
Services Needed: Financial support
Desired Partner: Investor
Language: English
Start & End Dates: Jan. 01, 2021  »  Dec. 31, 2024
Project Website: www.greenclimate.fund/project/fp164
Contextual Condition(s): PHYSICAL: Ecosystem vulnerability or degradation
Additional Benefits: Long-term partnership(s) created
Beneficiaries: Local communities / domestic users
Planning & Implementation Time: More than 3 years
Financial Resources: More than $500,000 USD
Primary Funding Source: pool
Project Challenges: RESOURCES: Lack of financial resources
Project Source: Admin
Profile Completion: 90%

Project Overview

Over the past century, IndiaÕs average temperature has increased by around 0.7¡C, largely due to climate change. By the end of the twenty-first century, temperatures are projected to rise by approximately 2.4¡C to 4.7¡C Ð setting a major challenge for India. This programme is IndiaÕs first of its kind climate-focused fund. It will invest in low-carbon and climate-resilient platforms across the energy value chain. This includes renewable energy generation, energy efficient te…

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Over the past century, IndiaÕs average temperature has increased by around 0.7¡C, largely due to climate change. By the end of the twenty-first century, temperatures are projected to rise by approximately 2.4¡C to 4.7¡C Ð setting a major challenge for India. This programme is IndiaÕs first of its kind climate-focused fund. It will invest in low-carbon and climate-resilient platforms across the energy value chain. This includes renewable energy generation, energy efficient technologies, low carbon transport and resource conservation, including water and waste management. The programme provides equity and grants to accelerate the uptake of Indian green infrastructure projects.
Basin and/or Contextual Conditions: PHYSICAL: Ecosystem vulnerability or degradation
Project Benefits: Long-term partnership(s) created
Indirect or Direct Beneficiaries: Local communities / domestic users
Months & Implementing: More than 3 years
Financial Resources: More than $500,000 USD
Primary Funding Source: Pool funding (i.e., joint funding of several partners)
Challenges: RESOURCES: Lack of financial resources

Project Narrative

Thanks in part to a successful collaboration with Coca-Cola on their Replenish program, the Big Pine Creek watershed has seen positive trends in cover crop and other BMP adoption over the five-year life of the watershed project. Along with public sources of funding, the watershed steering committee and staff continue to seek funding that fill the void for those lands, operators, and landowners that are not eligible for, or not selected for funding through USDA or other public programs. Supply chain engagement and corporate investment have proven to be powerful tools for reaching new farmer audiences. We are working to scale this public-private partnership model across other adjacent watersheds with similar intensity of agricultural land use. With a proof of concept, we are confident we can replicate our success in Big Pine Creek watershed in other geographies. WRC investment will catalyze this expansion and bolster the case of necessity for public-private partnerships in conservation. This project will influence a four-county area in Indiana through a 15,000 acre cover crop cost share program that will reach 50 farmers over three years. While administering the program we will capture relevant field characteristics, historical data, and farmer perspectives on a simple participant application for reporting. This information will help build a thesis around improving not only recruitment, but also retention of the use of cover crops. Ability to retain acres in practice and farmers engaged directly correlates with the technical assistance and other support provided by project partners. Since Coca-Cola first invested in the Big Pine Creek watershed in 2016, the project has had an average annual retention rate of 57%. Collaboration with Purdue University researchers is helping us track this retention via specially designed remote sensing algorithms. Project partners provide a substantial amount of in-kind services to support long-term and sustainable adoption of cover crops and other practices. This long-term adoption translates into true headway towards environmental outcomes, including water quality. Finally, continued collaboration with firms like LimnoTech will allow us to quantify load reductions and model water quality improvement in the included watersheds. Data logging, analysis, and modeling will also allow us to forecast water quality impact and soil conservation beyond the life of this proposed project.

Partner Organizations


Overview There is a shrinking window of opportunity to address the climate crisis. Average global temperature is currently estimated to be 1.1°C above pre-industrial times. Based on existing trends, the world could cross the 1.5°C threshold within the next two … Learn More


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