BTFEC supports Royal Government of Bhutan towards Waste Management Flagship Program
The Bhutan Trust Fund for Environmental Conservation is pleased to frontload a one-time grant of Nu. 85 million to the Royal Government of Bhutan (RGoB). The grant agreement is signed on 21 October 2020 in Thimphu between the Gross National Happiness Commission (GNHC) and the Bhutan Trust Fund for Environmental Conservation (BTFEC).
The grant will support the RGoB in supplementing the resource gap to achieve the 12 Five Year Plan objectives during the time of unprecedented challenges faced due to COVID 19 pandemic. The GNHC will allocate the grant in the Waste Management Flagship Program which will be executed by the National Environment Commission. The activities under this program include procurement of dry and wet waste compact trucks, incinerators and training of operators and mechanics.
Established in 1992, the BTFEC is an independent grant making organization mandated by the Royal Charter of 1996 “for the promotion of social welfare through environmental conservation of the forests, flora, fauna, wildlife, diverse ecosystems and biodiversity in Bhutan.” The Trust Fund uses annual revenue from its endowment to finance environmental conservation projects in Bhutan. It is governed by a Management Board and operations are managed by a secretariat.
Since inception, BTFEC has supported more than 244 projects to the tune of over Nu.1,458 million. There are presently 31 on-going projects financed by the BTFEC.
At a Glance
Ongoing projects : 28
- Large Grants : 25
- Small Grants : 3
Investment and Return :
- Off shore : 52,514,885
- In country : 7,249,228
Projects since Inception :
- Large Grants : 134
- Small Grants : 74