The DFCD invests in net zero greenhouse gas farming in Vietnam
The Dutch Fund for Climate Development (DFCD) Origination Facility’s Investment Committee approved a €350,000 grant together with an SNV technical assistance package for Orlar Vietnam, on 14 December 2020.
This funding will support the advancement of high-technology farming in Lam Dong Province in Vietnam, which is part of the southernmost part of the Greater Annamites.
Orlar’s new vertical greenhouse farming method will achieve net zero greenhouse gas emissions, with zero wastewater. Over the coming five years, Orlar expects to bring 18 ha of sustainable farmland under management (360 ha equivalent of traditional farming). This will allow Orlar to supply locally grown, pesticide free produce and vegetables with minimal footprint. Over this period, Orlar expects to create up to 1,000 direct jobs and 5,000 indirect jobs, providing employment opportunities for women and the indigenous population.
The Origination support will also provide roadmap for sustainable greenhouse production and identify rehabilitation of degraded lands as well as suitable zones for mixed-use farming purposes, within the Greater Annamite landscape.
To download the full disclosure document, please click here.
About the DFCD
The Dutch Fund for Climate and Development (DFCD) enables private sector investment in projects aimed at climate adaptation and mitigation in developing countries. The Dutch Ministry of Foreign Affairs has made available €160 million to increase the resilience of communities and ecosystems most vulnerable to climate change. The DFCD is managed by a pioneering consortium of Climate Fund Managers (CFM), Worldwide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organisation, led by the Dutch Entrepreneurial Development Bank, FMO.
For more information, please visit: www.thedfcd.com
About SNV
SNV is a not-for-profit international development organisation that makes a lasting difference in the lives of people living in poverty by helping them raise incomes and access basic services. We aim for premium quality and focus on only three sectors: agriculture, energy and water, sanitation and hygiene (WASH). With a long-term, local presence in over 25 countries in Asia, Africa and Latin America, we know how governments work and how relationships are built. Implementing our mission exclusively through project financing requires us to work efficiently and invest in operational excellence every day. Our team of more than 1,300 staff is the backbone of SNV.
For more information please visit www.snv.org
About ORLAR
Orlar was founded in 2014 in Brisbane, Australia by Dr. Lyndal Hugo and Amanda Cornelissen, and began their operations in Vietnam in 2017. Orlar’s mission is to make contaminant-free organic produce accessible to ordinary people in Vietnam and beyond.
For more information please visit www.orlar.com
For more information about this project, contact:
Orlar: Dr Lyndal Hugo
The Dutch Fund for Climate and Development: Mr. Alex Downs