Belize’s updated NDC (2021) sets ambitious targets for both adaptation and mitigation aimed at achieving 5,647 KtCO2e of emission reductions between 2021 and 2030 compared to a business-as-usual scenario, while building resilience, adapting and minimizing loss and damage due to the impacts of climate change.
To achieve this, a wide range of mitigation and adaptation measures have been identified.
The total cost estimate for the implementation of the proposed NDC measures is US$1,712 million, but there is a funding gap of US$1,383 million (81% of the required investments).
Investments required from the private sector are estimated at $172 million (10%) of the total investments required. However, the private sector contribution came to only about $7 million (3.09% of total climate investments) between 2015 and 2019. If this trend continues, private sector investments will contribute only 4% of the needed private sector investment and only 0.4% of the total NDC investments needed.
By establishing the recommendations described in this NDC Private Sector Investment Strategy, enabling environments will be created, improving private sector investments in climate action in Belize by 2030 and beyond, aiming to leverage blended finance for climate investments and to:
- Mobilize an additional $263,695,000 in private sector investments, –
- Reduce the NDC finance gap by 16%,
- and Increase the private sector contribution to climate finance from 3.09% to 15.4% by 2030.
| Published year: | 2025 |
|---|---|
| File: | Download |
| Publisher: | NCCCO |