The CCCCC, a legal entity of the Caribbean Community (CARICOM), will manage the grant resources as implementing agency, assisted by a national coordinator of each participating country. The agreement for the grant was signed on Wednesday, 3 October, for a project which seeks to reduce the impacts of climate change, including on biodiversity and land degradation along coastal areas.
The new pilot project intends to show how adaptation planning and assessment can be practically translated into national policy, sustainable development planning, and poverty reduction.
The Belize-based Centre, a key achievement of the previous World Bank projects on Climate Change in the Caribbean, is in the process of becoming a “regional centre of excellence” in capacity building, technical assistance, and coordination, as well as a support mechanism to the CARICOM countries in the areas of climate change adaptation and mitigation.
“Adaptation to climate change is a critical economic, social and development issue in Caribbean countries,” said Caroline Anstey, World Bank Director for the Caribbean. “By enhancing climate change management, we will be able to better mitigate the adverse effects that small islands are particularly susceptible to, and, at the same time, make existing development investments more resilient to climate change and extreme weather events,” she added.
The new grant complements the goals of the Mainstreaming Adaptation to Climate Change in the Caribbean (MACC) Project, which is also based in Belize, and applies the lessons and information gathered through the Caribbean Planning for Adaptation to Climate Change (CPACC) project by supporting targeted adaptation measures, which seek to reduce the impacts of climate change on biodiversity and land degradation.
Specifically, the project seeks to:
The project activities will benefit from various partnerships undertaken to improve the access to climate change data and to facilitate the identification of adequate adaptation measures.
The project costs will be financed by this GEF grant of US$ 2.1 million, with co-financing from: (i) the three participating countries in the amount of US$1.5 million; and (ii) other donors (US$ 1.9 million), for a total of US$ 5.5 million. The project was approved by the World Bank’s Executive Board on September 8, 2006.
Contact: piu@caricom.org