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Posted 23 Mar 2024

2 min read

  • Key highlights of FARM
    • About: FARM, a one of the first such concerted efforts on a global scale, is a $379 million initiative that will realign financial incentives to: 
      • Prevent the use of harmful inputs in food production.
      • Encourage the adoption of low and non-chemical alternatives.
    • It will support:
      • Government regulation to phase out persistent organic pollutants (POPs) -containing agrochemicals and agri-plastics and adopt better management standards.
      • Strengthening banking, insurance and investment criteria to improve the availability of effective pest control, production alternatives and trade in sustainable produce.
    • Members: India, Ecuador, Kenya, Lao PDR, the Philippines, Uruguay and Vietnam.
    • Implementing Agencies: Led by UNEP and implemented by the ADB, UNDP, and UNIDO with execution carried out in-country by FAO.
    • Tenure: 5 Years 

 

  • Significance of FARM Initiative: 
    • Nearly 4 billion tons of pesticides and 12 billion kg of agricultural plastics are used every year which has a harmful impact on health and environment.
    • Highly hazardous pesticides and mismanaged agricultural plastics release toxic POPs (chemicals which do not break down in the environment and contaminate air, water, and food).
      • However, currently farmers have little incentive to adopt better practices as these chemicals are generally cheaper than sustainable alternatives.

 

Global Environment Facility (GEF)

  • Headquarters:  Washington, D.C (US).
  • Genesis: Established during1992 Rio Earth Summit
  • About:  GEF is a unique partnership of 18 agencies — including UN agencies, multilateral development banks, national entities and international NGOs working with member countries to address the world’s most challenging environmental issues. 
  • Role:  Serves as financial mechanism for five international environmental conventions
    • Minamata Convention on Mercury, 
    • Stockholm Convention on POPs, 
    • UN Convention on Biological Diversity (UNCBD), 
    • UN Convention to Combat Desertification (UNCCD) and 
    • UN Framework Convention on Climate Change (UNFCCC).
  • GEF Trustee: World Bank.
  • Member countries: More than 180 countries (including India).
  • Tags :
  • Global Environment Facility
  • FARM Programme
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