After a year of important advances in the guidelines on climate sustainability in the region, the Dominican Republic handed over to Chile the pro tempore presidency of the Regional Climate Change Platform of Ministries of Finance, Economy and Finance of Latin America and the Caribbean.
The Minister of Finance, Jochi Vicente, said that among the achievements of the first year of the initiative are the establishment of governance guidelines, which incorporate a consensus-based decision-making system and promoted innovation through the creation of products and practical research, focused on the needs of the ministries of the region.
Likewise, he added that work was done on capacity building through workshops tailored to the needs of the member countries and an accountability mechanism was created to monitor and guide the platform’s activities during the 2023-2024 period.
“Beyond these achievements, which underscore the commitment and effectiveness of the initiative in addressing climate challenges and promoting sustainability in the region, it is relevant to highlight the successful realization of the first and second Regional Dialogue of Exchanges of Experiences and Best Practices of Thematic Emissions,” he said.
At the handover event, a joint declaration was issued for the first time for the member countries of the platform to align their fiscal strategies to promote the transition to low-carbon and climate-resilient economies, and the work plan for the 2023-2024 period was approved.
In addition, nations committed to contribute to the development of innovative financial mechanisms, improve investment flows and create pathways for the effective allocation of resources to support these goals.
The platform, which has the support of the Inter-American Development Bank (IDB) as technical secretariat, is a space for knowledge exchange and a collaborative work mechanism that seeks to strengthen the economic and fiscal policies of member countries to address the challenges posed by climate change.
Gian Lucas Marra Martínez, advisor to the Ministry of Finance, was present at the event on behalf of the Ministry of Finance.
Source: presidencia.gov.do
