German Government supports additional measures for climate change adaptation in the Caribbean
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The German Government is supporting additional measures for climate change adaptation in the Caribbean. For this purpose, the German Government is providing CARICOM a sum of up to 5.525 million euros (approx. 7.2 million USD), which is to be used for the project "Adaptation to climate change in the Caribbean for the protection of natural resources and diversification in agriculture and forestry.
The source of these additional funds is revenue from the auctioning of carbon credits. The funds are made available for a project under the responsibility of the German Federal Ministry for Economic Cooperation and Development (BMZ).
Through this additional financial support, the German Government demonstrates its determination to contribute to the goals agreed at the global climate conference in Copenhagen and confirmed in Cancún, according to which the industrialised countries are to mobilise, starting in 2020, an annual 100 billion USD for climate change mitigation and/or adaptation from public and private sources.
The German Government has also decided to continue its joint programme of “Tropical Forest Protection” with the Co-operative Republic of Guyana. The intention of this programme is to contribute to the preservation of biodiversity and natural resources in the Guyana Protected Areas
System, in particular the effective and long-term protection of core areas as well as the sustainable use of natural resources on the land adjacent to the protected areas.
To this effect the German Government will make an additional amount of 4.3 million euros available in form of a grant for the third phase of the programme “Tropical Forest Protection”. They supplement the 8.1 million euros already committed over the first two phases of the project.