With the participation of representatives of environmental and forestry institutions in the region, a training workshop was held to provide guidelines for the formulation of investment projects to be implemented in the countries through the Green Development Fund for the SICA region.
This activity is carried out as part of the local investment component of the The Green Development Fund for the SICA region , which will finance ecosystem restoration projects at the level of prioritized landscapes through the national mechanisms that each country designates.
For two days, participants at the meeting were induced to formulate and present investment projects that seek to improve essential ecosystem services for climate change adaptation in vulnerable territories.
Eligible activities to be financed through the Green Development Fund for SICA region are local and will focus on improving such ecosystem services, such as
In this way, the Regional Programme, known as the Green Development Fund for the SICA region, seeks to fulfil its primary objective, which is to increase the adaptability of the SICA countries to the effects of climate change and to contribute to more resilient sustainable development.
Central America and the Caribbean are among the regions most affected globally by the effects of climate change. The frequency and scale of extreme weather events are increasing, causing droughts, floods, avalanches, fires, the increase of pests and diseases and other phenomena that put the livelihoods of rural populations at risk. In addition, natural resource degradation - resulting from land misuse and deforestation - has drastically reduced essential ecosystem services, such as water and microclimate regulation, soil protection and biodiversity in general.
Ecosystem and landscape restoration ensures important ecosystem services for people and strengthens resilience to the effects of climate change. Therefore, the governments of the region, within the framework of the Sustainable Development Goals (SDA) and the Nationally Determined Contributions to the Paris Agreement (NDC), give high priority to ecosystem and landscape restoration as an adaptation strategy to climate change.
On that basis, the Green Development Fund for the SICA region, funded by the European Union and the Ministry of the Environment of the Federal Republic of Germany and implemented by the Central American Commission on Environment and Development (CCAD) in conjunction with GIZ, supports the consolidation and integration of financing, implementation and monitoring mechanisms at the regional level and provides resources to finance ecosystem restoration projects in prioritized landscapes.