The Green Climate Fund (GCF) was established to limit or reduce greenhouse gas emissions (GGE) in developing countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change. In Belize’s case the fund offers organizations such as Protected Areas Conservation Trust (PACT) and others to develop projects that would limit Belize’s GGE. Today the GCF Belize along with National Designated Authority (NDA) held a workshop to prepare different organizations on how to plan a project and present it to the GCF for funding. At the workshop we spoke with Yvonne Hyde, CEO in the Ministry of Economic Development, who told us about the yearly support from GCF.
Yvonne Hyde – CEO Ministry of Economic Development: “Each year each developing memo country is given a budget of a million dollars U.S. to work with agencies to be able to understand more about GCF and access GCF funding. What we can do with our allocation which we have been doing is helping national entities. As a matter of fact, when it comes to the Private sector we are working with the Chamber of Commerce and they have put forward the application to be considered as an implementing entity. We are not certain about what is going to happen with that yet, they have just started the procedure but we can also give some of our allocation to regional activities and we have done that. I think Leroy mentioned the matter of the CARICOM Development Fund. We are supporting the Caricom Development Fund in receiving accreditation at the regional level as well. In a situation where we have limited resources nationally but we have made a commitment to devote the resources to this initiative with the expectation of getting funding sooner rather than later. I think one of the sessions later on today will be to discuss the first large funding amount of funding which GCF has provided to us which is in the Agriculture sector.”
Belize benefits from being a part of the GCF as it allows for funding of various projects around the country to tackle climate change impacts.///