Green Climate Fund: Opportunities for the Caribbean Agricultural Sector
The Inter-American Institute for Cooperation on Agriculture Delegation in Guyana hosted its third webinar under its Caribbean Climate Smart Agriculture (CCSA) Forum on Tuesday, June 14, 2016 at the Delegations office in Georgetown, Guyana.
The forum comprised of participants from the Ministry of Agriculture Hydrometeorology Division, The National Agriculture Research and Extension Institute (NAREI), Caribbean Agriculture Research and Development Institute (CARDI), Guyana School of Agriculture, the Environmental Protection Agency, Private Farmers and the Inter-American Institute for Cooperation on Agriculture (IICA).
The objective of the forum was to raise awareness of the opportunities that the Green Climate Fund (GCF) presents for the agricultural sector, both in mitigation and adaptation to climate change; provide an understanding of how the Green Climate Fund works and provide guidelines on how the countries can apply the Green Climate Fund.
The fund was established in 2010 and balances its financial focus upon providing Grants, Equities, Concessional Loans and Guarantees on a case by case basis to projects or programmes targeting adaptation and mitigation actions towards Climate Change.
To access the Green Climate Fund resources, it must be a country driven approach with the National Designated Authority of the country identifying a strategy by which it will address climate change and provide a broad oversight of the Fund’s activities in the country.
The National Designated Authority in the country plays an important role to convening the national stakeholders; providing nomination letters enabling direct access to the fund; evaluates the projects or programmes as to its readiness for support from the fund as well as provide strategic oversight aligned to the national priorities.
It is noted that within the Caribbean the Green Climate Fund collaborates with the National Designated Authorities and focal points in thirteen (13) countries of which 11 countries have been identified as ready of which two (2) have signed grant agreements.
After the presentation, participants engaged in discussions of the general impressions of the Green Climate Fund, the necessary steps to accessing the fund and the benefits to the agriculture sector.
More information: arnold.demendonca@iica.int