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Urgent Action Needed to Reduce Effects of Climate Change

Jamaica’s Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Daryl Vaz, has described climate change as a “real and present danger” that will persist, and “critical and urgent action” must be taken by nations globally to reduce its effects.

“We are now facing a future that almost certainly will be hotter, wetter and drier due to climate change. We will continue to experience increasing temperatures as well as more frequent and intense weather events, such as hurricanes, drought and floods,” he said.

The Minister was speaking at a forum at the Knutsford Court Hotel in New Kingston, on March 23 to mark World Meteorological Day, under the theme: ‘Hotter, Drier, Wetter – Face the Future’.

Mr. Vaz said the view expressed by some interests that climate change and environmental issues “only affect some of us, and is a problem for the distant future,” is a “misconception.”

“When temperatures soar to record levels, as they did during much of last year, it is not a few who feel the heat, but all of us. When drought ravages our crops and there are outbreaks of bush fires, we all pay higher prices at the market,” he noted.

Additionally, Mr. Vaz said when floods, resulting from hurricanes or intense rainfall, damage roads and other infrastructure, “the country stands the cost of rebuilding.”

“There is little wonder, therefore, that more Ministries within the Caribbean region are including climate change within their portfolio responsibilities,” he noted.

In this regard, Mr. Vaz commended the Meteorological Service of Jamaica (MSJ) for being at the forefront of climate change adaptation and mitigation efforts.

“Your members have been very vocal on the international scene in championing the cause of Small Island Developing States (SIDS), like Jamaica, which are most vulnerable to the effects of climate change…which highlights our true inter-dependence,” he said.

The forum was jointly staged by the Jamaica Rural Economy and Ecosystems Adapting to Climate Change II (Ja REEACH II) Project and the MSJ.

It featured a panel discussion on the theme: ‘Hotter, Wetter, Drier – The Jamaican Context’, with climate change presentations by representatives of state agencies and academia, as well as an exhibition.

Ja REEACH is a four-year project funded by the United States Agency for International Development (USAID), and jointly implemented with the Government of Jamaica.

It aims to safeguard agricultural and natural resource-based livelihoods, in order to improve institutional capacity to successfully adapt, mitigate and manage the effects of climate change.

World Meteorological Day is observed globally each year to promote sustainable development and to tackle climate change through the provision of the best available science and operational services for weather, climate, hydrology, oceans and the environment.

Credit: Jamaica Information Service

Green Funds and Capacity Development for Environmental Management

Environmental Solutions Limited, a Caribbean consulting outfit focused on environmental management, published a strong review of Green Funds in the Caribbean and the opportunities for capacity development. An excerpt is below, read the full article at ESLCaribbean.

Green Fund

Concern about climate change and its many, far-reaching effects has propelled countries around the world to come up with novel ways to achieve socio-economic development without causing additional damage to the environment. One of the more recent solutions has been the establishment of various ‘green funds’ by countries and international aid and development agencies alike. According to Investopedia.com, a green fund is basically “a mutual fund or other investment vehicle that will only invest in companies that are deemed socially conscious in their business dealings or directly promote environmental responsibility. A green fund can come in the form of a focused investment vehicle for companies engaged in environmentally supportive businesses, such as alternative energy, green transport, water and waste management, and sustainable living.”

Here in the Caribbean, Trinidad and Tobago leads the way with a well-established, well-financed Green Fund. The fund was first instituted under the Finance Act 2000 and is financed by a tax of 0.1 per cent of the gross sales or receipts of companies doing business in Trinidad and Tobago. The levy is payable quarterly. The purpose of the fund is “to provide financial assistance to community groups and organisations for activities related to reforestation, remediation, environmental education and public awareness of environmental issues and conservation of the environment.” Since its inception, the fund has successfully financed a number of certified activities totalling approximately TT$117 million. The value of the fund as at January 2012 was TT$2.7 billion.

The key stakeholders in the fund are members of the private sector, which pay the Green Fund Levy; the Ministry of Finance, the official custodian of the fund’s resources; the Ministry of Housing and the Environment, which provides certification Green Fund-supported activities; and civil society organisations that use the resources. The fund can be accessed by corporate companies, non-profits, NGOs and community groups by making the necessary application.

Read the full article here.
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