no-photoThe Ministry of Forestry, Fisheries and Sustainable Development is hosting a two day validation workshop in order to support the development of the Investor’s Guide for Mitigation and Carbon Markets and a Mitigation Project Portfolio. The workshop began today and will culminate tomorrow at the Radisson Fort George Hotel and Marina.

 

The event is being hosted in collaboration with the European Union and the UNEP Risoe Centre on Energy, Climate and Sustainable Development (URC) as part of a programme for capacity building related to Multilateral Environmental Agreements (MEA) in African, Caribbean and Pacific countries (ACP).


The workshop is being held with the full realization that Belize is considered to be one of the countries that are most susceptible to the negative impacts of climate change and climate variability. This is particularly significant since many of the effects are already being experienced on the coast and interior areas of Belize and have threatened vital services, production, food security and even the quality of life of Belizeans.


In order to tackle the problem, the Government of Belize has partnered with local and international counterparts to enable local participation in the global carbon markets and the execution of climate change mitigation projects and various mechanisms which aim to avoid Greenhouse Gas Emissions.


To facilitate local transformation and capacity building, the validation workshop provides the opportunity for the development of an Investor's Guide for Mitigation and Carbon markets and a Mitigation Project Portfolio. The documents aim to facilitate capacity building in the knowledge of Climate Change mitigation measures and provide stakeholders with the necessary information needed for investments in and the operation of climate change mitigation projects under the different mechanisms.


The consultancy for the development of the documents is currently being executed by South Pole Carbon; a multinational environmental consulting firm based in Switzerland. To provide guidance to the consultancy, the Ministry of Forestry, Fisheries and Sustainable Development has invited technical officers and stakeholders in sectors which include, inter alia, energy, transport, waste management, finance, agriculture and forestry to validate and verify the inputs, findings and conclusions of the documents.

 

The workshop will specifically present information relating to Belize’s Mitigation Project Portfolio for Waste and Energy and ideas for Nationally Appropriate Mitigation Actions (NAMAs) for mitigating climate change according to national circumstances.


To achieve the objectives of the workshop, the Ministry will employ the use of participatory approaches to consultation, discussions, conversations, and decision-making in order to promote the effectiveness of outputs and national ownership of the documents.

 

As such, it is intended that the forum will provide sufficient information that allows participants to be versed with proposed mitigation and investment plans and strategies and for these strategies to provide the catalyst necessary to satisfy Belize’s sustainable development priorities and while mitigating climate change.

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