And while that judgement will have far reaching implications on the sugar industry - there is good news also for farmers. The Green Climate Fund has approved funding for Belize's largest climate change project entitled, "Building the Adaptive Capacity of Sugarcane Farmers in Northern Belize". The grant totals $77.6 million Belize dollars with funding of BZ$50 million from GCF and co-financing from project partners at BZ$27.6 million.
The project was approved during the GCF 38th Board Meeting being held in Rwanda, from March 4 to 7th. A release says eleven project funding proposals were put to the GCF Board for approval, with Belize being the only Caribbean country to table a project.
The project aims to bolster climate resilience in the sugarcane industry by scaling up new climate-adapted sugarcane varieties, replanting and managing sugarcane crops using climate-smart practices, and managing moisture through the introduction of irrigation and drainage systems.
The Caribbean Community Climate Change Centre, will spearhead the project for five years.
