BONN, Germany, Nov. 15, 2017 /CNW/ - The Government of Canada continues to take a leadership role in tackling climate change and helping our country—and the world—create a cleaner global economy.
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.
"Climate change is a global problem that requires a global solution. We must work together and help each other. Through this project, we are helping the Pacific Alliance nations improve their capacity to carry on the great work they're doing."
– Catherine McKenna, Minister of Environment and Climate Change
"The challenge of facing climate change is a task of all governments. Canada is a strong ally of Colombia in this purpose. Through this project developed within the framework of the Pacific Alliance, we will continue strengthening our institutional capacity to respond to the effects of climate change with the support of Canada."
– Luis Gilberto Murillo Urrutia, Minister of Environment and Sustainable Development, Colombia
- This investment is part of Canada's pledge of $2.65 billion to support developing countries transition to low-carbon economies that are both greener and more climate resilient.
- In 2012, Canada became the first non-Latin American observer, and, in 2016, Canada signed a joint declaration for partnership with the Pacific Alliance. Over the past decade, Canada has seen a 72 percent increase in trade with the Pacific Alliance, worth approximately $48 billion in 2016.
- The project will use blockchain—a technology with the potential to reduce costs, strengthen emissions data collection, and thus improve access to finance emission-reduction initiatives. Blockchain creates end-to-end transaction history records, which cannot be altered or corrupted because they exist across a network rather than as single or multiple copies.
SOURCE Environment and Climate Change Canada
For further information: Marie-Pascale Des Rosiers, Press Secretary, Office of the Minister of Environment and Climate Change, 613-462-5473, [email protected]; Media Relations, Environment and Climate Change Canada, 819-938-3338 or 1-844-836-7799 (toll free), [email protected]