UNDP launches program to improve sustainability of palm oil production

UNDP launches program to improve sustainability of palm oil production Fresh palm fruit bunches are arranged in several containers before being processed into palm oil. (Courtesy of http://www.sampoernastrategic.com//-)

The United Nations Development Program (UNDP) launched in New York on Wednesday a new program striving for an integrated approach to the sustainable production of palm oil and other agricultural commodities.

The Good Growth Partnership program will cover palm oil, beef and soy, with a total budget of US$45 million funded by the Global Environmental Facility (GEF). The program will focus on a few countries, namely Indonesia and Liberia on palm oil, Brazil on soy and Paraguay on beef.

“Palm oil, soy and beef are a key part of the global commodities trade and have become dominant economic forces in many local and national economies, including supporting the livelihoods of many small-scale rural farmers and their communities,” Andrew Bovarnick, global head of the UNDP Green Commodities Program, said during the launching.

“Our aim is to develop models for intervention that can be replicated in other commodities and other geographies.”

The program will run for four years, and in Indonesia, it will focus on three provinces, namely Riau, West Kalimantan and North Sumatra. Total funding for the archipelago is $6 million.

“The $6 million will [be allocated] in the next four years. But also a lot of global funds, like the expertise, will be coming to support Indonesia,” Bovarnick explained.

The program aims to develop “forward-thinking business and financing models” to manage sustainable palm oil production while also protecting forests and peatlands.

“To achieve this will require the combined efforts of governments, farmers, businesses, financiers, consumers and civil society organizations,” Bovarnick said.

Source: News Now/The Jakarta Post

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About Cholo Brooks 17213 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.