The Bhutanese Leading the way.
Adaption Fund accredited Bhutan Trust Fund for Environment Conservation (BTFEC) as Bhutan’s first National Implementing Entity (NIE) under direct access on 25 January.
Direct Access is a climate finance modality pioneered by the Adaptation Fund that empowers developing countries to access funds and design and implement climate change adaptation projects directly through accredited national institutions.
BTFEC is the Fund’s 28th NIE to become accredited around the world with the capability to develop effective adaptation projects for the most vulnerable communities in developing countries.
“This is great news not only for us in the BTFEC but for the nation as well, as it will go a long way in supporting the nation in its quest to combat climate change and its adaptation issues in the country,” said Dr Pema Choephyel, Director of BTFEC.
