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Global Environment Fund wants to coordinate green supply chains
December 9, 2014
Global Environment Fund wants to coordinate green supply chains
The Global Environment Facility, which has provided $13.5 billion in grants to developing nations since 1991, wants a wider role in protecting nature by tightening commodity supply chains from farmers to consumers.
Naoko Ishii, chief executive officer of the 183-nation GEF, told Reuters that efforts to safeguard tropical forests from land clearance to make way, for instance, for palm oil plantations were hampered by a lack of oversight.
In that example, reducing forest clearances would have to involve banks to prevent lending to loggers on protected land, as well as small farm owners, governments and big companies such as Nestle SA or Unilever.
“What is missing is maybe somebody that brings every stakeholder together” to tighten loopholes in supply chains, she said during United Nations talks in Lima on a deal to combat global warming.
The GEF, set up in 1991 as a World Bank pilot programme, would be willing to help take on a wider coordinating role, she said.
She said she recently flew over Indonesia and witnessed deforestation to clear land for palm oil plantations or fast-growing trees to produce pulp. “It is devastating to see,” she said.
Read more at Eco-Business.
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