Belize’s public and private sectors continue to lose millions of dollars because of the severe impacts of climate change. As such, access to climate financing to invest in areas such as education, tourism, infrastructure and agriculture remains very important to the Government’s vision of a green economy. That’s why on Thursday, the Ministry of Sustainable Development’s National Climate Change Office launched the Nationally Determined Contribution (NDC) Implementation Plan. One of the partners in this process is the Ministry of Finance, Economic Development and Investment. Its CEO, Doctor Osmond Martinez reiterated the need for Belize to act decisively because, over the last decade, Belize has already lost out on a lot.
Martinez further elaborated on the need for Belize to access the necessary financing to respond to the effects of climate change and at the same time, modernize its economy.
The idea is that the funding will be used to zero in on opportunities in climate-smart agriculture and infrastructure, creating opportunities for meaningful research and generating revenue for the country.