UNDP launches new project to prevent biodiversity loss

Published: 19th October 2012 11:25 AM  |   Last Updated: 19th October 2012 11:25 AM   |  A+A-


The United Nations Development Programme (UNDP) launched a new framework on the sidelines of the ongoing Conference of Parties-11 (COP-11) to prevent the loss of biodiversity.  Projects related to conservation and ecosystem work in India are also likely to benefit from the framework which finance biodiversity management through domestic revenue, innovative financial mechanisms and donor funding from different sources.

“The UNDP project on protecting coastal and marine biodiversity in the estuarine regions of East Godavari as well as Sindhudurg on the west coast have received a financial assistance of $10 million so far, apart from the expenditure by government of India. This highlights one of the several projects that UNDP plans to introduce as a part of the framework,” said Srinivasan Iyer, head of energy and environment unit at UNDP, India.


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