The second Project Steering Committee (PSC) meeting of the Capacity Building for Improved Transparency of Climate Change Mitigation and Adaptation Actions in the Maldives (CBIT Maldives) project was held on 7th March 2024.

The meeting was chaired by the Permanent Secretary of Ministry of Climate Change, Environment and Energy, Mr. Ajwad Mustafa. Representatives from the Ministry of Finance, Ministry of Transport and Civil Aviation, Utility Regulatory Authority (URA) and UN Environment Programme participated in the meeting.

The CBIT Maldives project management unit briefed the PSC about the project progress and planned undertakings for the 2024/2025-year period, as well as proposed changes to be brought to the project workplan and budget. This was then discussed among PSC members and endorsed as proposed.

The CBIT Maldives project aims to strengthen institutional capacity for compiling the GHG inventory, tracking mitigation and adaptation actions and establish a climate finance tracking system in the Maldives. The project is funded by the Global Environment Facility (GEF) and executed by the Ministry with implementation support from United Nations Environment Program (UN Environment).

By aligning the Maldives’ transparency efforts in line with the Enhanced Transparency Framework (ETF) of the Paris Agreement, the CBIT Maldives project seeks to strengthen long-term institutional arrangements, systemize data collection and processing, and develop indicators and methodologies. Additionally, the project aims to improve overall data quality and management procedures for GHG inventories, mitigation and adaptation actions tracking, and climate finance, ensuring regular and transparent reporting to the United Nations Framework Convention on Climate Change (UNFCCC) process. These efforts will inform national decision-making processes and contribute to the effective management of climate change challenges.