Low Carbon Olive Value Chain Development
|Focus area|| |
|Type of action||Project|
|Submitted to UNFCCC registry||No|
|Start of initiative||2016|
|Financing and support details|
|Financing status||Seeking financing|
|Total cost||EUR 10 mln|
|Financing requested|| |
|Financing received to-date|| |
|Principal source of financing||Not known|
|Principal type of financing||Not known|
|Capacity building required||Yes|
|Technology transfer required||Yes|
|Proponent(s)||Ministry of Agriculture|
|International funder(s)|| |
|Organization providing technical support||FAO provided technical support to the Ministry of Agriculture (MoA) for the formulation of the NSP Outline and DPP concept, during August - October 2016, in preparation for its submission for the 4th Call of the NAMA Facility. That was the first time the MoA approached an entity for technical support in the NAMA. Based on this request and further consultations with the Environment Quality Authority as focal point for climate change for the Palestinian Government, FAO provided technical support to the application as outlined above. MoA submitted its proposal as planned with MoA as applicant and foreseen implementing partner and FAO as co-applicant and foreseen NSO.|
This NAMA aims to enable reform of the whole olive value chain (production, processing and marketing) and to reduce GHG emissions while enhancing incomes, climate-resilience and sustainability.
Activities: (Error: Invalid time.
In the overall approach defined up until now, the financial support mechanism has three components:
- 1) Provision of investment support, with a contribution from private sector beneficiaries (i.e. farmers or agribusinesses), to adopt low carbon technologies and demonstrate the economic viability and sustainability of these investments for broader uptake within the agriculture sector. The exact operational arrangements and selection criteria to be defined during the Detailed Preparation Phase (DPP);
- 2) Prioritization to credits/loan applications for investments contributing to climate change mitigation and adaptation by the Palestinian Agricultural Credit Institution (PACI), which is the institution mandated with promoting and regulating agricultural credit under the MoA. This prioritization is included in their strategy for 2017-2022, but its operationalization has not yet been defined by the institution. Supporting PACE to define the detailed approach to operationalize and implement this priority would have been included as part of the DPP;
- 3) Advocating for adoption of similar policies for concessional low carbon loans by private micro-finance institutions.
Impact and MRV
|Cumulative GHG reductions: No data available|
No information has been provided on mitigative capacity
|Social:|| FAO has also assessed the NAMA's co-benefits, which include income generation, poverty reduction and enhanced climate resilience.
|Economic:|| Information has not been provided
|Environmental:|| Information has not been provided
No MRV plan has been defined