Reducing carbon emissions to net-zero and keeping global warming below 1.5°C is now as urgent as ever - but so is adjusting to the hazards of a warming world.
The Landscape Resilience Fund (LRF) is a sustainable economic solution for SMEs in Central Annamites Landscape - Viet Nam. The new Landscape Resilience Fund (LRF) helps the communities most vulnerable to climate risks by blended finance catalyzes adaptation, manages risk, and bridges the adaptation financing gap.
The Landscape Resilience Fund (LRF) aims to support the most vulnerable people in the land-use space to effectively adapt to climate change by investing in small and medium enterprises (SMEs) and other projects that target adaptation and resilience through sustainable agriculture, forestry, and other nature-based solutions, while additionally delivering biodiversity and climate change mitigation benefits.
The LRF seeks to use an innovative, blended finance approach to ensure climate-smart from struggling farmers to forest-dependent procedures. Through investing in small and medium enterprises (SMEs) and other projects that have the greatest potential to protect people and nature in landscapes facing disastrous climate change impacts. Landscape Resilience Fund expects to create the following positive effects with Livelihoods; Gender, Biodiversity Conservation, and Carbon Absorption.
Central Annamites - Viet Nam is the first landscape supported by LRF. Even considered as one of the 200 priority ecoregions globally, the Central Annamites is being negatively affected by impacts from climate change and humans. Since 2020, the DFCD has supported large enterprises in this region with EUR 7 million or more loans.
Implemented within 5.5 years starting from July 2021, LRF desires to deliver the necessary financial support to small and medium-sized enterprises and cooperatives with loan amounts from 500,000 USD to 1,000,000 USD, ensuring equal development between business sizes in transition to a sustainable climate-resilient economy.
Connecting with SMEs and stakeholders to find out potential ideas and feasible bankable projects that bring economic benefits while contributing to solving climate change issues and sustainable development.
- Expand the raw material area to develop a sustainable rattan value chain combined with rooftop solar power production - Luc Dong Rattan Processing Company (Loan amount: 1,003,894 USD)
- Sustainable cultivation and production of Organic Medicinal Plants - An Xuan Organic Medicine Co., Ltd (Loan amount: 550,895 USD)
- Towards natural, safe products and contributes to sustainable development - Nhien Thao Quang Tri Co., Ltd (Loan amount: 479,174 USD)
- FSC certified plantation wood processing factory and production of bio-pellets from Agro-forestry waste - Hiep Thuan Agricultural Cooperative (Loan amount: 220,200 USD)