May 26, 2022
(CCCCC Press Release 2022/011)
(City of Belmopan, Belize) At its thirty-eighth meeting held in April of this year, the Adaptation Fund Board accredited the Caribbean Community Climate Change Centre (CCCCC) as a Regional Implementing Entity (REI) of the Adaptation Fund under the fast-track process. Dr. Colin Young, the CCCCC’s Executive Director, stated that this accreditation signals another significant achievement for the Centre as it is now accredited to both the Green Climate Fund and the Adaptation Fund, two of the financial mechanisms under the United Nations Framework Convention on Climate Change (UNFCCC). As such, the Centre is better positioned to access and mobilize additional climate finance, on behalf of Member States.
The Adaption Fundfinances concrete adaptation projects and programmes that assist developing countries that are particularly vulnerable to adapt to the adverse effects and impacts of climate change. According to the Fund, US$ 850 million has been committed to projects and programmes across nearly 100 countries, including SIDS and LDCs, serving about 28 million total beneficiaries since 2010. As an REI, the Centre will now have the capacity to access and scale up its climate finance mobilization, on behalf of CARICOM Member States, to build the Region’s climate resilience. According to Dr. Young, “the Adaptation Fund’s accreditation process is an arduous one that involved a thorough assessment of the internal processes, controls, and systems of the CCCCC. Thus, the AF Board’s accreditation of the CCCCC as an RIE is testament that the Centre’s fiduciary systems, policies and procedures meet the robust and stringent requirements of the Fund. Accreditation, however, is only a means to an end. The CCCCC, in partnership with CARICOM Member States, must now develop and submit successful projects to the AF that will build the climate resilience of our people in the Region. We look forward to working with the Adaptation Fund and CARICOM Member States to increase the delivery of timely and scalable climate finance to CARICOM to build the region’s climate resilience.”
Dr Donneil Cain, Lead Project Development Specialist, CCCCC, who leads the development of funding proposals has expressed that, “the Centre has a team dedicated to the development of project proposals on behalf of CARICOM Member States. The accreditation to the Adaptation Fund now presents an additional avenue for the submission of these project proposals and offers another modality through which the Centre can mobilize climate finance on behalf of CARICOM Member States.”
The CCCCC’s accreditation to the Adaptation Fund further demonstrates the Centre’s resolve and commitment in fulfilling its mission to “…initiate and coordinate the delivery of innovative, transformative, and evidence-based climate change solutions to improve the resilience of the Caribbean and its people,” and is line with the new Strategic Plan (2021-2025) entitled Building Resilience. Securing Our Future.
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The Caribbean Community Climate Change Centre is an inter-governmental Caribbean Community (CARICOM) institution that is mandated by the CARICOM Heads of Government to coordinate the Region’s response to climate change. We maintain the Caribbean’s most extensive repository of information and data on climate change specific to the region, which in part enables us to provide climate change-related policy advice and guidelines to CARICOM Member States. In this role, the Centre is recognized by the United Nations Framework Convention on Climate Change, the United Nations Environment Programme, and other international agencies as the focal point for climate change issues in the Caribbean. The Centre is also one of the few institutions recognized as a Centre of Excellence by United Nations Institute for Training and Research. CCCCC is empowering the Caribbean Community to act on climate change.
