2015 is shaping up to be a landmark year for global action on Climate Change. The future of the Caribbean depends on a binding and ambitious global agreement at COP 21. A bold agreement that curbs greenhouse gas emissions to limit the global rise in temperature to below two Degrees Celsius is needed to safeguard … Continue reading
2015 is shaping up to be a landmark year for global action on Climate Change. The future of the world, in particular the Caribbean, depends on a binding and ambitious global agreement at COP 21 to be held in Paris later this year. A bold agreement that curbs Greenhouse Gas (GhG) emissions to limit the … Continue reading
Coral reefs in the Caribbean are amongst the most at risk globally. The loss of reefs is also a serious economic problem in the region, where large populations depend on fishing and tourism. Having lost 80% of its corals over the last half century, mainly due to a changing and variable climate, coastal development and … Continue reading
5Cs Wins Energy Globe Award for Renewable Energy and Potable Water Project in Bequia, St Vincent and the Grenadines
The Caribbean Community Climate Change Centre (CCCCC) received the 2015 Energy Globe Award for its renewable energy and potable water work in Saint Vincent and the Grenadines. Energy Globe, an internationally recognized trademark for sustainability, is one of the most important environmental prizes today with 177 participating countries. The award, which is made from a cross-section of over … Continue reading
5Cs Accredited As Regional Implementing Entity by the Green Climate Fund:
Other accredited institutions include Conservation International, the World Bank and IDB
Songdo, Republic of Korea| July 09, 2015― The Caribbean Community Climate Change Centre has been accredited as a regional implementing entity by the Board of the Green Climate Fund (GCF), a key multilateral financing mechanism to support climate action in developing countries. The announcement made today at the tenth meeting of the GCF Board means the CCCCC will act as a channel through which the Fund will deploy resources to the Caribbean.
This is a key achievement for the small island developing states (SIDS) of the Caribbean. Executive Director Dr. Kenrick Leslie says:
“This is the first such accreditation for the Caribbean region. It speaks to the high calibre of work being done in the region and the strength of our internal systems. We will now move forward with a set of ambitious and bankable projects that we have been developing under a directive from CARICOM Heads”.
The CCCCC is one of 13 institutions accredited by the GCF today, including Conservation International, the World Bank, the Inter-American Development Bank and others. The GCF notes that the expansion in accreditation is demand driven.
We are building a vibrant network of partners – which is evidence of a rising demand for an active GCF,” said Ms. Héla Cheikhrouhou, Executive Director of the Green Climate Fund. “Seven months ago we invited institutions for the first time to become partners with us. Today, close to 100 well-established institutions from around the world are working towards becoming GCF accredited entities,” she said. “We have added to this momentum by boosting our number of accredited entities to 20.
Accreditation to GCF is open to sub-national, national, regional and international, public, private and non-governmental institutions which are eligible to apply through the Fund’s Online Accreditation System (OAS). Applicants are assessed on their abilities to meet fiduciary, environmental, social, and gender requirements set out by the Fund.
The 13 institutions accredited today are:
Africa Finance Corporation (AFC), a public-private institution that provides support for sustainable development of infrastructure in Africa, based in Nigeria;
Agence Française de Développement (AFD), a development finance institute, headquartered in France;
Caribbean Community Climate Change Centre (CCCCC), a public organization that coordinate’s the Caribbean’s response to climate change, headquartered in Belize;
Conservation International Foundation (CI), a non-profit environmental organization based in the United States;
Corporación Andina de Fomento (CAF), a regional development bank, headquartered in Venezuela;
Deutsche Bank Aktiengesellschaft (Deutsche Bank AG), an international investment bank based in Germany;
Environmental Investment Fund of Namibia (EIF), which supports projects that ensure sustainable use of natural resources;
European Bank for Reconstruction and Development (EBRD), a multilateral development bank, headquartered in the United Kingdom;
Inter-American Development Bank (IDB), a multilateral development bank, headquartered in the United States;
International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), together known as the World Bank, headquartered in the United States;
Ministry of Natural Resources of Rwanda (MINIRENA), which focuses on environment, climate change, and natural resources management at the national and local levels;
National Bank for Agriculture and Rural Development (NABARD), a national financial institution based in India; and the
United Nations Environment Programme (UNEP), headquartered in Kenya.
Do you know how climate change affects the Caribbean? Peruse this video of Five Things You Should Know.
The Caribbean Community Climate Change Centre coordinates the region’s response to climate change. Officially opened in August 2005, the Centre is the key node for information on climate change issues and the region’s response to managing and adapting to climate change. We maintain the Caribbean’s most extensive repository of information and data on climate change specific to the region, which in part enables us to provide climate change-related policy advice and guidelines to CARICOM member states through the CARICOM Secretariat. In this role, the Centre is recognized by the United Nations Framework Convention on Climate Change, the United Nations Environment Programme, and other international agencies as the focal point for climate change issues in the Caribbean. The Centre is also a United Nations Institute for Training and Research recognised Centre of Excellence, one of an elite few. Learn more about how we’re working to make the Caribbean more climate resilient by perusing The Implementation Plan.
Webinar: Towards a low emission and resilient urban development: experiences in La Paz, Quito and Lima Join CDKN for a webinar on 8 July, 2015 at 10am COT (Peru/Bolivia/Colombia time). Register here. In this webinar the presenters Miguel Rodriguez and Valeria Revilla from the consultancy Environmental Services Bolivia will guide us through the Cities Footprint Project, … Continue reading
Deputy Director and Science Advisor of the Caribbean Community Climate Change Centre, Dr. Ulric Trotz, and other representatives of leading regional agencies focused on climate change issues met with His Excellency Mr. Ban Ki-Moon, Secretary General of the United Nations, last week at the Caribbean Development Bank (CDB) in Barbados. Reflecting on the challenges posed by climate … Continue reading
Caribbean leaders appear to be giving serious consideration to making a proposal requesting the gradual write-off of billions of dollars in external debt.
The issue was raised by Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena at a high-level meeting this morning that preceded yesterday’s official opening of the 36th regular meeting of the Conference of Heads of Government of CARICOM.
She pointed out that 40 per cent of the Caribbean’s US$46 billion debt is to multinational agencies, with 14 per cent being bilateral.
Of that amount, she said, US$30 billion was accumulated between 1990 and 2014 as a result of natural disasters.
She described the situation facing regional states are serious, explaining that five Caribbean countries are among the most indebted in the world.
Bárcena said the problems are compounded by the vulnerabilities of Caribbean economies that are already facing a decline in foreign direct investment.
“Antigua and Barbuda, Barbados, Grenada, Jamaica, St Kitts and Nevis are the top five in the Caribbean,” she said. “Nobody talks about them. We all hear about Belize. Of course it represents one per cent of the global debt so we are not a systematic problem.”
The ECLAC official said “the time is ripe” for CARICOM states, along with the Caribbean Development Bank, the International Monetary Fund and the World Bank to hammer out an agreement on a proposal for debt relief.
“The debt service payments should go to a resilience fund that can probably be managed by the Caribbean Development Bank. The resilience fund should be used . . . for infrastructure adaptation, sea defence.
“Another fund that should be very important is . . . an external micro economic fund. That fund is for external shocks. Who should support that external micro economic fund is the larger economies of Latin America, the Brazil and Columbia,” she said.
In his intervention, President of the Caribbean Development Bank Dr. Warren Smith said Caribbean leaders need to show they are serious about change by making hard decisions.
“Even as we make a case for that debt relief we need to demonstrate to those with whom we are negotiating that we are prepared to take the tough decisions to do the right thing,” he told the meeting.
“We need to change the structure of our economies. We can’t continue to do what we have done in the past and expect different results.”
The discussion was attended by UN Secretary-General Ban Ki-moon, Secretary-General of the Organisation of American States Luis Almagro Lemes, and Secretary-General of the Commonwealth Kamalesh Sharma, among other officials.
Credit: Caribbean 360
The Belize-based Caribbean Community Climate Change Centre (CCCCC) says it is working towards ensuring that the region benefits significantly from the Green Climate Fund (GCF) as well as the Adaptation Fund (AF) established to help countries worldwide deal with the impact of climate change.
Executive director Dr. Kenrick Leslie says the Centre, under a directive from CARICOM leaders, has been “working with national governments to put together programmes that would help them develop bankable projects that can be funded under the various mechanisms under the United Nations Framework Convention on Climate Change.
“The Centre is putting maximum effort to ensure CARICOM Member States get their fair share of the Green Climate Fund (GCF), Adaptation Fund (AF) and other funds to help them in their adaptation efforts. That is our primary thrust— to meet the mandate given to us by the regional heads,” he said,
He said the CCCCC has applied to be a regional implementing entity for the Adaptation Fund, and is strengthening its capacity by establishing a Monitoring and Evaluation Unit to better prepare it to function as an implementing agency with the requisite technical capacity to institute projects on par with international organizations operating in the region.
“The new Unit will also advance the Centre’s capacity to advise and help governments develop, monitor and evaluate programmes in accordance with its mandate as the region’s key node of information and action on climate change.”
The CCCCC board of governors held its annual meeting here on Sunday and according to a statement issued Monday, the meeting agreed to strengthen its fiduciary oversight through a Finance and Audit Sub-Committee of the Board of Governors, annual internal audits, and increased focus on data and plant security.
Chairman of the Board of Governors, Dr. Leonard Nurse, says these changes were necessary given the Centre’s shift from a project-based orientation to more programmatic activities in a bid to ensure its long-term sustainability.
He said the Centre, which is primarily funded through grants and not government subventions, is moving towards establishing a Trust Fund with Trinidad and Tobago providing one million US dollars in seed money.
Nurse said that the Fund will be an independent arrangement administrated by the Barbados-based Caribbean Development Bank (CDB) allowing the Centre to co-finance projects and fund project priorities over the long-term.
According to the communiqué, the CCCCC will work with the Trinidad-based Caribbean Public Health Agency (CARPHA) in developing “joint proposals aimed at reducing the region’s vulnerability and building resilience to the likely effects of climate change across a myriad of areas of mutual interest”.
The Board agreed that the Centre will deepen engagement with the private sector to ensure broad utilisation of the seminal Caribbean Climate Online Risk and Adaptation Tool (CCORAL), as well as expand its youth focused public education work.
The CCCCC said that public-private partnerships (PPP) were essential to advance the Centre’s multipronged approach to building climate resilience in the region.
It said it had successfully used this approach to implement projects, such as the installation of reverse osmosis desalination facilities in Bequia, Petite Martinique and Carriacou, to improve access to potable water.
The Belize-based regional organisation said that in order to meet the emerging challenges and demonstrate its commitment towards a low carbon development pathway, it has reinforced its support for the construction of facilities to carry out the Centre’s operations.
“The Government of Belize has allocated 10 acres of land to the Centre, on which a custom-designed, ‘green’ facility will be constructed. The Centre is in the process of seeking financing to undertake this initiative. This development comes as the Centre prepares to celebrate its 10th Anniversary,” the communiqué added.
The JetBlue Foundation is offering two scholarships for students to attend the Centre for Responsible Travel (CREST) and the Puntacana Ecological Foundation’s Innovators Think Tank. This is a unique opportunity for students to learn about key issues involving climate change and tourism. Applications will be due July 10th and a decision will be made by July 13th. … Continue reading