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Home » 5Cs in the News » GCF signs grant agreement with Guyana and CARICOM in Paris

GCF signs grant agreement with Guyana and CARICOM in Paris

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Guyana signed a readiness grant agreement with the Green Climate Fund (GCF) at the 21st Conference of the Parties (COP) in Paris on Tuesday, December 08, 2015. The funding will provide USD 300,000 to Guyana to help the country build capacity to access GCF funding for its priority projects in the future.

This project, which was negotiated between the Caribbean Community Climate Change Centre (CCCCC or 5C) and the Ministry for the Environment, Land and Sea of Italy, aims to address several issues affecting CARICOM States under the rubric of Climate Change, inclusive of mitigation, adaptation and vulnerability.  The 5Cs is an Accredited Entity (AE) to the Fund, meaning that it can partner with GCF in delivering mitigation and adaptation projects on the ground in the Caribbean.

Executive Director of the 5Cs, Dr. Kenrick Leslie attended the ceremony along with H.E. Raphael Trotman, Minister of Governance of the Department of Natural Resources and Environment, who signed on behalf of Guyana in the presence of H.E. Winston Jordan, the Guyanese Minister of Finance. Ousseynou Nakoulima, Director of Country Programming, signed on behalf of the Fund.

The GCF aims to help CARICOM Member States to adapt to climate change, by lessening their vulnerability to sea level rise and climate variability; identifying and implementing the Intended Nationally Determined Contributions (INDCs); reporting and assessing of the Member States INDCs and the development and dissemination of renewable energy sources and technology.

According to iNews Guyana, “Francesco La Camera, Director General of the Ministry of Environment of Italy, signed a €6 million project to assist CARICOM Member States to mitigate climate variability and change.”

The GCF also seeks to transfer scientific and technical knowledge, experiences and technology, facilitate the exchange of experts, scientists and researchers; enhance the capacities for the implementation of mechanisms under the United Nations Framework Convention on Climate Change (UNFCCC) and its related instruments, and to promote joint ventures between the private sectors of the Parties.

The Fund provides early support for readiness and preparatory activities to enhance country ownership and access through its country readiness programme. A minimum of 50 per cent of readiness support is targeted at Small Island Developing States (SIDS) such as Guyana, Least Developed Countries (LDCs), and African States.

More than 95 countries have so far expressed interest in receiving readiness support from the Fund, and more than 30 such grants have been approved to date.

The estimated timeframe for the project is five years. Minister Trotman thanked the Government and People of Italy for their continued support and friendship shown towards the people of Guyana and the Caribbean.

Credit: iNews Guyana, Green Climate Fund

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