Welcome to the inaugural edition of the Caribbean Climate Podcast, a series of interviews with climate change experts and activists about key issues and solutions. In this special edition we talk with Dr Ulric Trotz, Deputy Director and Science Advisor at the Caribbean Community Climate Change Centre, about his bold proposal to re-orient climate financing.
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Question 1: You recently proposed comprehensive changes to the way we approach climate change mitigation and adaptation in terms of climate financing, policy and programmes. What motivated this proposal?
Question 2: You point to inherent and consequential differences in Mitigation and Adaptation outcomes as the key reason for reimagining climate change responses. Why is this so important for the Caribbean, and the world in general?
Question 3: You point to energy as principal entry point for private sector investment, what primes this sector to spur the critical changes you call for?
Question 4: You call for private sector engagement both locally and globally given the considerable risks and high costs associated with Adaptation that is often prohibitive for the private sector in the developing world alone. Why would the private sector, say in the United Kingdom, be interested in providing funds for Adaptation in Belize? Is this the same scenario with mitigation?
Question 5: Given that distinct difference, how do we re-imagine the allocation of climate change resources such as the US100 billion per year Green Climate Fund?
Question 6: Your proposal could transform the climate change response landscape and potentially heighten private sector interest and investment in “Mitigation” without GCF’s resources crowding out private funding. But how do we deal with Adaptation funding more broadly?