Bosco Marti, Head of the International Affairs Unit, Ministry of Finance, Mexico talks about why Mexico believes that it is important to support both climate adaptation and mitigation projects.
He says Mexico’s experience with the Global Environment Facility (GEF) has been positive because the capital that GEF has invested in Mexico has been supported by resources from the government, and in some cases the private sector, which has been constructive for climate change action in the country.
Marti explains how Mexico has played an important “double role” as both a donor and recipient of international climate change finance. He says this has been advantageous for the country as it can offer its unique experience putting GEF projects into operation from the financial assistance it has received while helping other countries do the same as well.
He says Mexico is showing that both developed and developing economies can contribute and that both will need to show leadership as climate change requires a global co-ordinated effort in order to achieve global solutions.
Marti adds that there is more awareness now then there was in 2009 as the world is struggling with the effects that climate change is having. In Mexico’s case, he says natural disasters have increased and it is therefore imperative that strong climate change action is taken.