| A.3 | Description of mitigation action |
The project seeks to reduce significant GHG emissions from cocoa value chain through the promotion of appropriate climate-smart production approaches, including technological development, crop intensification, and yield enhancement, and to increase the economic and ecosystem value for farmers, incorporating shade trees in cocoa systems, developing biomass-energy products, diversifying the production, reaching new markets, and implementing innovative financial mechanisms, aiming to build climate-resilience for the sector, secure rural livelihoods, contributing with country’s mitigation compromises and to support the national development targets. To achieve its objectives, the project include: (I) A multi-stakeholder platform to ensure stakeholders integration, and the adoption of a robust MRV framework; (II) Implementation Consortiums with appropriated management plans and specific mitigation goals, based on down-scaled level information about land use and planning; (III) Alternative climate-smart agriculture models for sustainable production and best practices for increasing yields, intensifying crops, and improving marketing and access to significant technical, technological, extension, business, finance and promotional resources; (IV) Financial mechanism, including increase funding and credit channels to foster good-practices on climate-smart agriculture and develop new chain values based on cocoa products and by-products. These mechanisms include credit lines, a new facility/fund, financial guarantees, yield insurances, and climate-based marketing; and (V) Strategic support to Congress, government institutions, and relevant policy-makers to enhance the institutional and regulatory framework for to build of a low-carbon resilient development of the cocoa sector.
|