The Supreme Decree 5264 establishes guidelines for managing and accessing climate financing within Bolivia, aligning with the country's commitments to climate action as outlined in the Paris Agreement and its NDC. It is deeply rooted in the principles established by Law No. 300, the Mother Earth and Integral Development Framework for Living Well, emphasising the need to protect the Rights of Mother Earth and indigenous peoples, aligning with Bolivia's commitment to addressing climate change through mitigation, adaptation, and loss and damage management.
It defines climate financing as resources aimed at reducing greenhouse gas emissions and supporting adaptation efforts. The decree mandates that all climate financing efforts, including mitigation and adaptation projects, be centrally registered and overseen by the state to ensure compliance with national and international obligations.
The decree sets forth principles for climate financing, including sovereignty, transparency, equitable responsibility, and precautionary principle. It also creates the National Registry of Programs and Projects (RENAPP) to systematically track and report on climate initiatives, avoiding duplication and ensuring accountability. The decree assigns specific roles to various ministries for project evaluation, registration, and negotiation of climate financing mechanisms, emphasising the importance of coordinated efforts across sectors to effectively manage and access climate funds
