Posted: Tuesday, September 13, 2016. 7:20 am CST.
By BBN Staff: The Government of Belize (GOB) has received a grant of US$8 million from the Global Environment Facility (GEF) to strengthen the climate resilience of its energy sector, according to a press release issued by GOB.
The grant was approved yesterday by the World Bank Board of Directors.
“A major concern that Belize often grapples with is extreme weather and the impact of such events often lead to major setbacks to development progress,” said Frank Mena, Belize’s Minister of State for Finance, Public Service, Energy & Public Utilities.
“Belize is often in the direct path of tropical storms and hurricanes, which are expected to intensify due to climate change. This has caused many human casualties and widespread damage, resulting in costly disruptions of vital public services,” states the release.
“The impact of Hurricane Dean in 2007 for example resulted in US$80-100 million in damages, equivalent to 6-8 percent of GDP, and a near countrywide power blackout. Likewise, Hurricane Earl left another wave of disruptions last month,” the release further adds.
“Building climate resilience is a key priority for Belize. This project aims to support the government’s continued efforts to make energy and power systems better prepared and more resilient to storms, hurricanes and natural hazards,” said Sophie Sirtaine, World Bank Country Director for the Caribbean.
The Energy Resilience for Climate Adaptation Project aims to achieve the following:
The four year project is financed by the US$8 million grant from the Global Environment Facility’s Special Climate Change Fund (SCCF) and US$3.9 million counterpart financing from the Government of Belize and the Belize Electricity Limited (BEL) company.
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