PUERTO VARAS, Chile, CMC:—In August, Belize will host the third high-level meeting of ministers of economy and finance on climate change.
The Belize representatives to the Second Technical Dialogue of the Regional Climate Change Platform of Economy and Finance Ministries here, economist Leroy Martinez and the senior project officer of the Climate Finance Unit, Jason Middleton, said Belmopan will host the event from August 30 to 31.
They said the meeting, to be held in San Pedro, will be attended by Ministers of Economy and Finance from 26 Latin American and Caribbean countries. Delegates are expected to chart the strategic course for the Regional Platform, aiming to fortify and amplify the attained outcomes.
The meeting here ends later on Friday and the two officials also had the opportunity to discuss the ongoing green bond gap initiative and the commencement of a fiscal policy for climate change. These initiatives will aid the Belize government in assessing its fiscal risks associated with climate change, thus enforcing fiscal incentives for such. This potential impact should motivate all stakeholders to actively participate in the meeting.
The Regional Climate Change Platform of Economy and Finance Ministries of Latin America and the Caribbean is not just a meeting, but a unique space for knowledge exchange and collaboration. It aims to support the ministries in the search for expertise, experiences, and concrete solutions to address the fiscal and socio-economic challenges associated with climate change, and sustainable development in the regions, making each participant feel included in this collective effort.
Created at the initiative of the governors of the IDB during the 2021 Annual Meeting in Barranquilla and officially launched in 2022, the platform is composed of and led by 26 regional IDB member countries, which represent over 98 percent of the greenhouse gas emissions of Latin America and the Caribbean and over 90 percent of its gross domestic product (GDP).
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