Chiquimula

Jalapa

Jutiapa

Guatemala

El Progreso

Sacatepéquez

Chimaltenango

Escuintla

Santa Rosa

Sololá

Totonicapán

Quetzaltenango

Suchitepéquez

Retalhuleu

San Marcos

Huehuetenango

Quiché

Baja Verapaz

Alta Verapaz

Petén

Izabal

Zacapa

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Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

The objective of this project is to assist the Government of Guatemala in the preparation and submission of its First Biennial Transparency Report and a combined Fourth National Communication Report and Second Biennial Transparency for the fulfillment of the obligations under the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement (PA).

In Latin America and the Caribbean, the vulnerability of small- and medium-sized enterprises (SMEs), smallholder farmers, women, and poor households in general is linked to their economic dependence on activities affected most by climate change.  They are also affected by their reliance on conventional and potentially harmful energy sources and limited capacity to invest in climate-smart technologies and practices.  

It is estimated that 95 per cent of the 15 million smallholder farmers in Latin American and Caribbean countries are already experiencing negative impacts from rising temperatures, unpredictable rainfall, extreme weather events, pest and disease incidence, and decreasing income generation and food security.  

Financial institutions can play a vital role in financing climate-smart agriculture (CSA) equipment to increase adaptation and promote mitigation. The Kuali Fund-GCF will invest in local financial service providers (FSPs), including small banks, microfinance institutions (MFIs), cooperatives, non-bank financial institutions, and FinTech companies, as well as innovative companies (ICs) that use technology to offer solutions to climate change mitigation and adaptation. The Kuali Fund-GCF will invest in Brazil, Colombia, El Salvador, Guatemala, Honduras, Mexico and Panama to transform the FSPs in their transition to become greener and more inclusive.

In the past two decades, there has been an 83 per cent global increase in the frequency of major climate-related disasters, such as floods, droughts, heatwaves, and violent maritime weather. Low- and middle-income economies bear the heaviest burden related to these events. Yet climate adaptation investments in the most vulnerable, least prepared states are often too few and too far between to meet their adaptation needs. The estimated annual cost of adaptation in these countries is expected to reach as much as 500 billion per year in 2050. To meet the adaptation needs of the most vulnerable countries, public and private financiers have to work together in investment partnerships. This is the driving force behind Project GAIA.   

Project GAIA will establish a blended finance platform that offers long-term loans for climate adaptation and mitigation investments in 19 of the most climate vulnerable countries in the world - making funding accessible through sources previously unattainable to participating countries. To answer to the immediate needs of developing countries, the platform allocates 70 per cent of its portfolio investments towards adaptation projects; with a further allocation of 25 per cent for Least Developed Countries and Small Island Developing States, ensuring that funding reaches the most climate vulnerable communities. The project targets countries facing similar challenges in accessing climate finance for their pipeline of high-impact adaptation projects.

Geography

Guatemala

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