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PACT Receives Adaptation Fund Approval for BZD$10M Enhanced Direct Access Project

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PACT Receives Adaptation Fund Approval for BZD$10M Enhanced Direct Access Project
November 1, 2023
by Andre Marsden

PACT Receives Adaptation Fund Approval for BZD$10M Enhanced Direct Access Project

FOR IMMEDIATE RELEASE

October 31, 2023 – (Belmopan, BZE) The Protected Areas Conservation Trust (PACT) has received approval for the project entitled “Building Community Resilience via Transformative Adaptation” The project proposal was approved at the 41st meeting of the Adaptation Fund (AF) Board held October 12-13 in Bonn, Germany.  The project, valued at BZD$10,000,000 was approved under the Enhanced Direct Access (EDA) funding window of the Fund designed to “build capacity of local organizations through locally led action.”

Source: https://www.flickr.com/photos/adaptation-fund/
Source: https://www.flickr.com/photos/adaptation-fund/

The goal of this Enhanced Direct Access project is to improve Belize’s long-term capacity to protect communities from climate threats posed by drought, unpredictable water availability, floods, and improper wildfire management.  The project is structured around five key components, each designed to create a sustainable framework for climate adaptation:

  1. Safeguarding forest and water resources through strategic protection and restoration solutions.
  2. Combating wildfires through adaptive management.
  3. Creating opportunities to support alternative livelihoods.
  4. Building national capacity to access adaptation finance.
  5. Community disaster risk management.

These five components will directly impact Belizean communities, regions, and populations that have been affected by climate change and variability or that have been identified and recognized as being at risk to climate events and extreme weather variations.  Thus, the benefits of the project will be accessible to communities and organizations that can develop and implement interventions that contribute to the goal of the project and the outcomes of the Adaptation Fund.

The project will be implemented by PACT via the financing of sub-projects designed and executed by various partners working on all five components.

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The Adaptation Fund is an international fund set up under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC). PACT is accredited by the Adaptation Fund and serves as Belize’s National implementing Entity (NIE).  In this role, PACT accesses, administers, and implements resources from the Fund for climate adaptation projects in Belize