Jamaica is preparing to tap into US$10.3 billion available to fund climate change adaptation and mitigation projects.
The country is joining 200 other developing states in formulating viable proposals to access financing from the Green Climate Fund (GCF).
Based in South Korea, the GCF was founded as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.
Jamaica has, so far, submitted a proposal to the GCF for readiness financing amounting to US$300,000.
According to Principal Director, Climate Change Division in the Ministry of Economic Growth and Job Creation, Albert Daley, this will assist with financing “to help to put in place the system and the procedures to enable the country to access funding, training, public awareness, and setting up the work programme.”
“We are hoping to get word from the GCF before the end of the month and if that happens, we will be well on our way with some funds to start put in place what we need to do to prepare ourselves to get proposals out, hopefully by early next year and thereafter,” he added.
