Canada invests $1.6m to help Pacific Alliance countries combat climate change
Today, the Minister of Environment and Climate Change, Catherine McKenna, announced that the Government of Canada will invest $1.6 million to help the four Pacific Alliance countries address climate change.
Established in 2011, the Pacific Alliance is a regional initiative by Chile, Colombia, Mexico, and Peru. Minister McKenna highlighted the Government of Canada's commitment at the United Nations Climate Change Conference in Bonn, Germany.
The $1.6-million project will help the Pacific Alliance reduce climate pollutants, attract investment supporting climate actions, and help create a cleaner environment for Pacific Alliance countries, Canada—and the rest of the world.
The project will also support the implementation of the Paris Agreement by strengthening Pacific Alliance nations' climate actions and helping them develop measurable, reportable, and verifiable data.
The non-profit organization International Emissions Trading Association, in partnership with Canadian company ClimateCHECK, will manage the funds on behalf of Canada.
Through this investment, Canada continues to play a leadership role as a strategic partner of the Pacific Alliance, of which Colombia is the current chair. ■