Posted: Tuesday, December 10, 2019. 1:36 pm CST.
By BBN Staff: The Protected Areas Conservation Trust (PACT) today announced the recent approval of two programs under its Climate Finance Portfolio via international climate finance mechanisms.
These approvals ensure the Trust’s recent accreditation by the Green Climate Fund (GCF) and re-accreditation by the Adaptation Fund (AF), in 2018 and 2019 respectively.
On December 9, the GCF approved a Readiness and Preparatory Support Programme Proposal for PACT titled ‘Capacity Building for PACT as a GCF National Direct Access Entity.’
The approved Readiness Program, valued at US $279,062 enables PACT to conduct essential capacity building and training activities for staff and national stakeholders on gender, social and environmental safeguards for project/program development and implementation.
Two of the key outcomes of the Program will be the updating of PACT’s Environmental and Social Management Framework and its Policy on Gender and Equality. The revision of the Framework and Policy will strengthen PACT’s capacity to serve its role as a national implementing entity for Belize’s access to international climate finance.
Additionally, the Adaptation Fund Board on October 10, endorsed the project concept ‘Enhancing the Resilience of Belize’s Coastal Communities to Climate Change Impact’.
The proposed program, with a financing request of US $4 million, aims to increase the adaptive capacity of 27 coastal communities to the effects of climate change and variability.
The proposed program will be implemented by numerous state agencies including the National Climate Change Office, Coastal Zone Management Authority & Institute, Hydrology Department, Ministry of Housing and the National Meteorological Service via four main components:
iii. Beach Stabilization of High-Risk Coastal Areas
Both programs inaugurate the full operationalization of PACT’s Climate Finance Portfolio, which endeavors to unlock new funding streams and build national capacity for the sustainable management of the Belize National Protected Areas System (BNPAS) and thereby improve the country’s ability to mitigate and adapt to the effects of climate change.
The PACT is the first and only GCF National Direct Access Entity and the AF’s National Implementing Entity for Belize.
PACT thanks all national partners and looks forward to the successful implementation of these initiatives.
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