World Bank grants $3 million to reduce carbon emisions in Costa Rica
Costa Rica will receive $3 million to develop local projects to reduce carbon emissions through the Partnership for Market Readiness (PMR), a global alliance created by the World Bank to provide funding for projects to reduce greenhouse gas emissions.
The announcement was made during the celebration of the Fifth PMR Assembly, held in Washington, D.C., March 11-13. Representatives from 28 countries attended.
Environment Minister René Castro said the [World Bank] contribution is a tool to stimulate local actions to achieve carbon neutrality, but it is also strategic for the country’s economic competitiveness.
Costa Rica’s government established the Carbon Neutral Country Program to support processes related to the reporting of greenhouse gas inventories and the implementation of the National Policy for Declaration of C-Neutrality.
Under this program, companies receiving a C-neutral declaration can compensate for emissions through the purchase of carbon credits, which provide funds for reforestation, forest protection and energy efficiency.
You may be interested
Costa Rica announces new restrictions to limit mobility in Greater Metropolitan AreaAlejandro Zúñiga - July 10, 2020
Costa Rican authorities on Friday announced a series of health measures to limit mobility in the Greater Metropolitan Area, which…
Costa Rica coronavirus data for July 10, 2020Alejandro Zúñiga - July 10, 2020
Costa Rica confirmed 360 new cases of the coronavirus over the past day, totaling 6,845 cumulative known cases, the Health…
News briefs: WHO says Costa Rica facing community transmission of coronavirusThe Tico Times - July 10, 2020
The coronavirus crisis has transformed life in Costa Rica, which has enacted measures to protect the capacity of its health…