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REQUEST FOR EXPRESSIONS OF INTEREST- DEVELOPMENT FINANCE CORPORATION (DFC): CONSULTANCY TO STRENGTHEN CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.

The Development Finance Corporation (DFC) has embarked a bold Strategic Development Plan – “Strategy 2021: Building resilience against Climate Change and Economic Volatility”.  A strategic priority of the plan is building resilience to the effects of climate change, and to ensure that consideration of climate change risks is reflected throughout DFC’s lending operations. Within this context, the Caribbean Development Bank (CDB) approved a technical assistance grant to integrate appropriate climate risk assessment provisions into DFC’s investment policies and procedures, and to strengthen staff skills in order to improve the Corporation’s overall due diligence process in its credit function to ensure the sustainability of its operations.

DFC now wishes to procure consultancy services to strengthen its capacity in due diligence for climate risk assessment of financed sub projects (credit lines). The overall objective of the technical assistance is to improve the institutional capacity of DFC to assess and manage climate risks in its credit delivery and administration processes.  The detailed Terms of Reference for this consultancy can be viewed on the DFC’s Website at www.dfcbelize.org

DFC now invites interested eligible individual consultants (or groups) to submit Expressions of Interest for the provision of these consultancy services.  Consultants must be from member countries of CDB.  The attention of interested Consultants is drawn to paragraph 1.9 of CDB’s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB’s policy on conflict of interest.  Consultants will be selected in accordance with CDB’s procurement guidelines.

Principal qualifications and experience required to conduct the assignment include:

The following requisite qualifications and experience are required:

  • master’s degree qualifications in Climate Risk Assessment, Environmental/ Disaster Risk Assessment or a related field;
  • a minimum of 5 years working experience in the areas of climate vulnerability and risk assessments; and
  • Experience with training adults for professional development;
  • Experience in the implementation of similar projects would be an asset. Specific experience in the Caribbean context is desirable; and
  • Resources with excellent written and verbal communication skills.

All information must be submitted in English.   Expressions of interest must be delivered in a sealed envelope to the DFC Headquarters at the address listed below no later than 16:00 hours on March 1, 2019.  Sealed envelopes containing the submission should include the name and address of the applicant or applicants and should be clearly marked “EXPRESSION OF INTEREST– CONSULTANCY TO STRENGTHEN DFC CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.

DFC reserves the right to accept or reject late applications or to cancel the present invitation partially or in its entirety.  The DFC will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.    

Applicants will be advised in due course of the results of their application.

Address:
The Chief Strategist/ Climate Champion.
Development Finance Corporation
Bliss Parade
P. O Box 40
City of Belmopan
Cayo District
Belize, C. A.
Tel: 1 (501) 822 – 2235/60

SKN To Receive CDB Grant For Climate Change Project

Image result for CDB WINN FM

St Kitts and Nevis is getting a climate-related Caribbean Development Bank grant of $538,000 euros.

The CDB says the funds will facilitate the conducting of a climate risk and vulnerability assessment of the federation’s coastal road infrastructure.

The CDB grant will also be used to prepare designs for the rehabilitation of two high-priority sites, according to a release from the regional Bank.

The bank’s board of directors has approved millions in loans and grants for ten borrowing member countries, including the grant to St Kitts and Nevis.

In the case of Dominica the CDB has approved a US$12 million line of credit to support education and housing.

The loan to the Dominica Agricultural Industrial and Development Bank is intended to assist in providing finance for student loans, and low and lower-middle income housing that, combined, is expected to benefit 400 people.

Haiti is being given a significant CDB grant to improve climate resilience, and disaster risk management.

The CDB says the grant of US$5.5 million to the Government of Haiti is to improve climate resilience and disaster risk management on an island off the country’s southern peninsula.

St Vincent and the Grenadines is meanwhile being allocated five million US dollars in loans and grants in additional support for the transformation of the country’s energy sector.

Other projects have been approved in The Bahamas, Belize, Grenada, Guyana, Suriname and the Turks and Caicos Islands.

Credit: WinnFM

The UK to launch Caribbean infrastructure partnership

Source: livemint

Source: livemint

 The English speaking Caribbean is set to benefit from 300 million pounds in grant funding to support infrastructure development.

British Prime Minister David Cameron made the announcement in a joint sitting of Jamaica’s parliament on September 30, 2015.

“I’m launching a new UK, Caribbean infrastructure partnership to build real tangible things that will make a difference for people across the Caribbean. Roads, bridges, ports, critical economic infrastructure that will set the foundations for growth and prosperity and in turn reduce poverty while helping the region to become more resilient to the risks of Climate Change. Just think about what this could deliver, hundreds of kilometer of roads to link up vital markets. Bridges to unite remote communities. New energy projects to power growth and vital defenses to protect coastal communities. Let me be clear £300 million is not soft loads, not tide aid. It is cash grants.”

Cameron says Caribbean leaders will decide how to spend the funds. He also announced an additional 60 million pounds in financing.

“Today I can also announce 30 million pounds for new programs to help attract investments and improve governance and 30 million pounds to help make your hospital more resilient to natural disasters. We need to make sure that if a hurricane strikes, crucial health centers can remain operational to treat the wounded and together this represents a quadrupling of Britain support. It will make us the largest donor to the region. It will create jobs and save lives and you can take it literally as a concrete statement of my commitment to the Caribbean.”

The British Prime Minister adds he hopes the Caribbean will make use of US 9 billion in climate adaptation financing that the UK will provide over the next five years.

“We hope this money can help unlock the global climate deal and giving the vulnerability of small island state that face the risk of devastation from climate change, a fair proportion should be sent, I hope will be spent right here supporting some of the UK’s oldest friends to prepare and provide for the future. When I met Caribbean leaders just a few days ago at the United Nations General Assembly. They made it clear to me directly, just how vital the climate deal is to them. So I pledge to work in partnership with them and other like minded states to secure a bold and ambitious deal in Paris later this year.”

Cameron also revealed that the UK will spend £25 million on building a prison in Jamaica so that foreign criminals in the UK can be sent home to serve sentences in the Caribbean.

More than 600 Jamaican nationals are in UK jails but cannot be deported because of Jamaica’s poor prison conditions.

Officials say the foreign aid-funded deal could save taxpayers £10m a year when transfers begin in 2020.

Credit: The Daily Observer

Did you miss the launch of CCORAL? Here’s a full report (VIDEO)!

Read CCORAL Is Here! Endorsed by the IPCC Chair

Dr. Ulric Trotz says the Caribbean lags in climate finance

Dr. TrotzThe Deputy Director and Science Advisor of the Caribbean Community Climate Change Centre (CCCCC), Dr. Ulric Trotz has defended regional countries from criticisms that they are more interested in seeking financial assistance from the developed world when dealing with the impact of climate change.

We can’t get away from the question of finance because we need to have finance,” he said, noting that “one of our problems is that we are poor, we know what to do.

Trotz told the Caribbean Media Corporation (CMC) that the region needed the finances to deal with issues like strengthening coastal defences, making airport and seaports less vulnerable to climate risks.

But we don’t have the resources. Take a country like Holland, they are below sea level like Guyana, but they have invested in a one in a 1000 year flood event to protect Amsterdam and the coast of Holland from that type of event. We in the Caribbean don’t even have the resources to protect ourselves from a one in a 10 year event. So finances are important and this is one of the arguments that we have at the international level because we are saying “look, we are in a position now, you are facing a risk that is as a result of your lifestyle, your pattern of development, we are not responsible for this but being poor and living where we are, we are very vulnerable to the impacts basically that results from that type of development which you have been enjoying for years”.

Trotz said that the Caribbean has always felt “there is a moral argument for the developed countries to provide us with financing to help us to deal with the impacts of climate change, a phenomena that is on us as a result of your developmental patterns.

And so the question of finance is central to the entire argument and basically it is a key issue for us as we move forward to address climate change in the region.

Trotz also acknowledged that the developed world has maintained its position regarding the climate change arguments despite the moral and other arguments from the region, telling CMC, the “other challenge that we have and this is the one we are trying to make, is to make a business case for responding to climate change.

“A business case for adaptation and for mitigation,” he said noting “we still have to depend on aid etc, but there are a lot of opportunities, for instance in the energy sector right now for the new business opportunities, basically it would result in a more sustainable energy sector and it is good business.”

He said this is the road being taken by the United States with President Obama “trying to preach to the American private sector that there are new business opportunities unfolding by addressing some of the risk we face with climate change.

So we hope to be able to sell that as an opportunity now for our private sector to look at new investments and see how we can marry that opportunity with getting us on teh road to what we should be doing to increase resilience in the Caribbean.

Trotz said while he is aware that the new venture would be a challenge “but I don;t think we would have a choice”.

The CCCCC senior official said an examination of the disasters in the Caribbean would show the region suffers from weather related events that would get worse in the future.

So we should be dealing with our present day exposure to climate risk, and there is a lot of action that we should be taking. Yes we look at the destructive side of it but now under the discussions we are having internationally about dealing with climate change there are tremendous opportunities for the region to basically address several of our development issues.

**This article is an edited version of a CMC story by Peter Richards

CCORAL Is Here! Endorsed by the IPCC Chair

In keeping with its thrust to promote a culture of risk management across the region, the Caribbean Community Climate Change Centre launched a seminal online support tool in Saint Lucia today. The launch event, which was  attended by permanent secretaries from ministries of finance and planning, development partners, Saint Lucia’s Deputy Prime Minister Philip J. Pierre (among other St. Lucian officials), a broad cross-section of regional stakeholders and journalists, officially introduced the Caribbean Climate Online Risk and Adaptation TooL (CCORAL).

In his keynote address Dr. James Fletcher, Saint Lucia’s Minister of Public Service, Sustainable Development, Energy, Science and Technology, urged the region to ensure broad use and adaptability of CCORAL. He added that CCORAL, which has been endorsed by Chairman of the Intergovernmental Panel on Climate Change (IPCC) Dr. Rajendra Kumar Pachauri, will promote climate-smart development by helping to embed a risk management ethic in decision-making processes across the region.

“The development of the risk assessment tool [is] an extremely important asset in assessing the risk from the impacts of climate change in the Caribbean region,” according to Dr. Pachauri. The two dozen island nations of the Caribbean, and the 40 million people who live there, are in a state of increased vulnerability to climate change. Higher temperatures, sea level rise, and increased hurricane intensity threaten lives, property and livelihoods throughout the region. Against this background, CCORAL will help to boost the capacity of these countries to assess their risk amidst a variable and changing climate, while creating pathways for the identification and implementation of adaptation and mitigation options.

CCORAL is a practical approach to cost-effective climate-resilient investment projects,” says Dr. Kenrick Leslie, Executive Director of the Caribbean Community Climate Change Centre. “CCORAL will aid the region in defining approaches and solutions that will provide benefits now and in the future by adopting ‘no-regret’ actions and flexible measures.”

(L-R) Dr. Trotz, Deputy Director, CCCCC; Sylvester Clauzel, Permanent Secretary in the Ministry of Sustainable Development, Energy, Science and Technology, Saint Lucia;  Keith Nichols, Project Development Specialist, CCCCC; Dr. Bynoe, Sr. Environmental  & Resource Economist, CCCCC;  Dr. Fletcher, Minister of the Public Service, Sustainable Development, Energy, Science and Technology, Saint Lucia; and Deputy Prime Minister of Saint Lucia Philip J. Pierre

(L-R) Dr. Trotz, Deputy Director, CCCCC; Sylvester Clauzel, Permanent Secretary in the Ministry of Sustainable Development, Energy, Science and Technology, Saint Lucia; Keith Nichols, Project Development Specialist, CCCCC; Dr. Bynoe, Sr. Environmental & Resource Economist, CCCCC; Dr. Kenrick Leslie, CBE, Executive Director, CCCCC; Dr. Fletcher, Minister of the Public Service, Sustainable Development, Energy, Science and Technology, Saint Lucia; and Deputy Prime Minister of Saint Lucia Philip J. Pierre

It is intended to be used primarily by agencies at the regional and national level with responsibility for development, planning and finance, the private sector and non-governmental organisations. Ministries of Finance and/or Planning are central to the initial efforts to anchor this tool in climate resilience-building decisions. Notwithstanding, civil society organisations, universities, financial services and development partners, local communities can also use CCORAL to inform actions that must embed climate considerations. The tool is available to all member countries through an open source online platform at ccoral.caribbeanclimate.bz.

According to Keith Nichols, Programme Development Specialist at the Caribbean Community Climate Change Centre, “the development of the risk assessment tool emerged after an extensive consultation process with regional stakeholders to ensure authenticity, relevance and ownership”. It is a direct response to the requirement of the Regional Framework for Achieving Development Resilient to Climate Change (the “Regional Framework”) and the landmark Implementation Plan (IP) that were endorsed by CARICOM Heads in 2009 and 2012, respectively. The IP acknowledges that a transformational change in mindset, institutional arrangements, operating systems, collaborative approaches and integrated planning mechanisms are essential to deliver the strategic elements and goals of the Regional Framework and to enable climate smart development by embedding a risk management ethic in decision-making.

The Caribbean Climate Online Risk and Adaptation Tool (CCORAL), has been developed by the Caribbean Community Climate Change Centre (CCCCC) with funding from the United Kingdom Department for International Development (DFID) and the Climate Development and Knowledge Network (CDKN).

Learn more about CCORAL by viewing the CCORAL Fact Sheet and Brochure.

Updated July 12, 2013 at 12:07pm post-lauch

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