Belize and other SIDS secure access to over $700 Million Fund for Climate Change Loss and Damage
Belize and other Small Island Developing States (SIDS) countries will be able to benefit from a fund valued at over seven hundred million US dollars for loss and damage due to climate change. That is one of the major takeaways from the 28th Conference of Parties of the United Nations Framework Convention on Climate Change (COP28), which closed on December 13. The loss and damage fund was one of the major pledges made by industrialized nations at COP 28, to enhance the resiliency of SIDS nations. The Government of Belize says that there were several major topics under negotiation including commitments for industrialized nations to move away from using fossil fuels and a call for the establishment of a hundred billion US dollar fund for climate financing. Belize had a delegation at COP 28 which was led by Minister of Sustainable Development, Climate Change, and Disaster Risk Management. Habet shared his thoughts on the importance of Belize having a seat at the table for those negotiations.
Also a part of the delegation was one of Belize’s foremost experts on climate change, Ambassador Carlos Fuller, Belize’s Permanent Resident to the UN. Fuller said that collaboration with other countries is key in ensuring that Belize gets the support it needs to effectively deal with climate change.
The Belizean delegation also participated in several side events in the areas of agriculture, blue economy and energy. The country will also be represented on various bodies established as a result of the COP 28 negotiations, including the Adaptation Fund Board, the Santiago Network for Loss and Damage Advisory Board and the Loss and Damage Fund Board