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Climate fund agriculture finances sustainability
The National Green Fund, Rabobank and the Nederlandse Waterschapsbank (NWB Bank) are launching a climate fund for agriculture. This fund will finance projects that contribute to achieving the goals of the Climate Agreement. Rabobank and NWB Bank are investing €70 million in the fund, which aims to reduce CO2 emissions by 2 megatons.
The Climate Fund finances companies that are committed to sustainable agriculture and land use, thereby reducing emissions at their farms. This may involve limiting methane and ammonia emissions, sustainable energy solutions and capturing CO2, according to the initiators in a press release. "For example, a project aimed at preventing subsidence in the peat meadow area can fall under this, but also agricultural innovations that result in significant savings in CO2 emissions."
Financing application from May
The Climate Fund for Agriculture will officially start at the beginning of May 2021. From that date, companies wishing to apply for financing from the Climate Fund can contact the National Green Fund. Based on their business plan and the expected emission reduction and/or storage, it is assessed whether they are eligible for financing.
Financial sector commitment
Lidwin van Velden, CEO of NWB Bank, says in the statement: "The financial sector made its commitment to the Climate Agreement in 2019. The financing of this Climate Fund for Agriculture is a good example of how we as NWB Bank give substance to this commitment and contribute to the reduction of CO2 emissions."
Rabobank CEO Wiebe Draijer says: "We believe in the power of collaboration to make more possible. The Climate Fund is a good example of this. It offers entrepreneurs the opportunity to finance the sustainability of their business and thus contribute to achieving the climate goals."
Cees Veerman: Important resource
Cees Veerman, chairman of the National Green Fund, says: "To keep the Netherlands of tomorrow liveable, we as a society face major challenges in the field of sustainable energy, agriculture and the circular economy. Methane and CO2 emissions, among other things, must be drastically reduced. to give biodiversity a chance to recover. The Climate Fund for Agriculture is an important means of contributing to this. We will always take a critical look at which projects can achieve the greatest green impact per available euro."
Linda van Eekeres
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