Financial innovation for climate action in the Yucatán Peninsula

14 August 2018

The Yucatán Peninsula, encompasses the Mexican states of Yucatán, Quintana Roo and Campeche. Despite not contributing much to global warming, the peninsula is not exempt from the effects of climate change. Its natural diversity, cultural richness and geographical conditions make it more vulnerable to hydro-meteorological phenomena such as tropical waves and cyclones.

In 2010, during the COP16 held in Cancun, the three states of the peninsula signed an inter-state agreement to work together against the impacts of climate change. In order to implement mitigation and adaptation strategies in the peninsula, the states created the Yucatan Peninsula Climate Action Fund (YPCAF). In 2013, the process of diagnosis, design and planning of the Fund began and in October 2016 it was constituted as a public-private partnership with a regional, flexible and transparent scope to attract, manage and distribute funding for mitigation and adaptation to the impacts of climate change in the peninsula.

To find out more, read the full case study below. This case study is part of a series from our Policy Action work, which aims to accelerate the pace of climate policy development and adoption in states and regions. To see more innovative climate policies from around the world, check out our Under2 Policy Action Map.

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