The proposed Readiness grant aims to build the capacity of the Government of Paraguay and relevant country stakeholders to plan, finance, implement and monitor climate change mitigation projects in priority sectors that reduce short-lived climate pollutants (SLCPs), greenhouse gas (GHG) emissions, and contribute to Paraguay’s targets under the Nationally Determined Contribution (NDC).  

Paraguay’s vulnerability to climate change impacts is very high, ranked 12th in the Climate Risk Index 20191, which represents a significant risk for the main productive sectors of the country. Paraguay’s Climate Change Law prioritizes the identification, access and efficient use of long-term affordable climate finance to achieve the country’s climate change mitigation ambitions.