Building Climate Resilience: Minister Chris Coye outlines priority sectors for Belize’s green climate fund country program

Published by BBNTEAM at February 10, 2023

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Posted: Friday, February 10, 2023. 10:23 am CST.

By Zoila Palma Gonzalez: Minister of State in the Ministry of Finance, Economic Development and Investment, Chris Coye in a pre-recorded video applauded the finance unit in the Ministry for championing this achievement for Belize- the Green Climate Fund (GCF) country program 2022-2026.

“Today is the first official launch of the GCF country program. The GCF country program is a road map with the aim to achieve tangible outcomes. For small vulnerable economies like ours, poverty reduction can only be achieved once we recognize that climate resiliency and climate adaptation go together,” Coye said.

Coye added that we are on the frontline of the climate crisis and are often the first to feel its effects.

Coye referred to Tropical Storm Julia and Hurricane Lisa and said losses were estimated to be $170 million.

Coye said that Belize’s coastal zone and fisheries sectors are under constant threat despite their national contribution to the economy.

Coye added that under this country program, assessments are being done to determine the impacts of these events.

Coye reiterated the need to increase Belize’s climate resilience to ensure the security of our fisheries sector.

“Climate change has grown into a large threat and this program builds on the existing climate change frameworks and policies. It has priority sectors for adaptation and mitigation including projects to be submitted for funding by the GCF,” he added.

Coye says climate ambitions are a priority of the Government of Belize’s Plan Belize medium-term strategy but is also important to our country’s development and growth.

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