The Caribbean Community Climate Change Centre and the Ministry of Environment and Housing, The Bahamas, is hosting a virtual ‘Private Sector Engagement, Investment and Funding in the Bahamas’ training with funding from the Green Climate Fund Bahamas Readiness Support II on November 10 – 12, 2020.
The Government of The Bahamas’ continues to strengthen its capacity to further engage with the Green Climate Fund. Private-sector development remains a high priority for The Bahamas, and is part of the government’s latest policy document, Vision 2040: The National Development Plan for The Bahamas. In this document, the government notes the urgent need for economic change and to achieve more public-private synergies. To assist in driving the much-needed reform, readiness resources will be used to engage and mobilise the local private sector through three distinct phases: Phase 1 – The Diagnosis/ Barrier Analysis; Phase 2 – The National Conversation i.e., convening a Public-Private Dialogue Forum; and Phase 3 – Elaboration of a clear plan to accelerate climate action through strengthened partnership and capacity building to design and implement transformative projects.
The Public-Private Dialogue Forum is aimed at unlocking the private sector’s potential to contribute to green growth in The Bahamas. Specifically, the forum will:
- Reflect on the role, relevance, and interest of private sector entities in various areas of climate change mitigation and adaptation financing.
- Recognise the contributions of private sector actors to green growth in The Bahamas
- Raise awareness among private sector actors on GCF procedures and opportunities, including the Private Sector Facility.
- Endorse the roadmap/action plan for strengthening public-private partnerships in driving climate action in The Bahamas