BELMOPAN, Belize, CMC – The Belize government has received BZ$3.1 million (One Belize Dollar=US$0.49 cents) from the Green Climate Fund (GCF) for advancing critical climate initiatives.
In a statement, the government said that in a groundbreaking move toward sustainable and responsible climate finance management, the Ministry of Economic Development (MED) is the first government entity to oversee and manage funds from the GCF.
It said that the ministry submitted the approved readiness project to the GCF entitled, “Strengthening the Capacity of the Ministry of Economic Development for Pre-accreditation to the GCF and that “this readiness grant allows the MED to be positioned to seek GCF accreditation as a Direct Access Entity to build Belize’s climate resilience, as outlined in the country’s national policies and strategies.”
The government said it had also applied to the Barbados-based Caribbean Development Bank (CDB) for a technical assistance grant of BZ$2.5 million for the National Meteorological Service of Belize.
“The funding will be used to develop tools to produce impact-based forecasting and early warnings for impending natural hazards in the Belize River Watershed.
“Tracking climate data is paramount in addressing the pressing challenges of climate change. Belize has made significant strides and progress in responding to climate change-related challenges and continues its work. With continued support from entities like the GCF and CDB, Belize can strengthen its strategic plans for becoming climate resilient,” the statement noted.
The statement said these opportunities highlight the government’s commitment to driving impactful and transparent climate action for a more sustainable and resilient future for all Belizeans.
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