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Caribbean Launches the IPCC’s Fifth Assessment Report on Climate Change.What does it mean for the Caribbean?
By Dr Kenrick Leslie, CBE
The Caribbean’s response to Climate Change is grounded in a firm regional commitment, policy and strategy. Our three foundation documents – The Liliendaal Declaration (July 2009), The Regional Framework for Achieving Development Resilient to Climate Change (July 2009) and its Implementation Plan (March 2012) – are the basis for climate action in the region.
The Fifth Assessment Report (AR5) of the United Nations Intergovernmental Panel on Climate Change (IPCC) underscores the importance, scientific rigour and utility of these landmark documents. The IPCC’s latest assessment confirms the Caribbean Community’s long-standing call to limit global temperature rise to 1.5°C as outlined in the Liliendaal Declaration. At the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) Meeting in 2009 in Copenhagen, Denmark, the Caribbean Community indicated to the world community that a global temperature rise above 1.5°C would seriously affect the survival of the region.
In 2010 at the UNFCCC COP Meeting in Cancun, governments agreed that emissions ought to be kept at a level that would ensure global temperature increases can be limited to below 2°C. At that time, the Alliance of Small Island States (AOSIS), which includes the Caribbean, re-iterated that any rise in temperature above 1.5°C would seriously affect their survival and compromise their development agenda. The United Nations Human Development Report (2008) and the State of the World Report (2009) of The Worldwatch Institute supports this position and have identified 2°C as the threshold above which irreversible and dangerous Climate Change will become unavoidable.
Accordingly, the Caribbean welcomes the IPCC’s Fifth Assessment Report prepared by over 2, 000 eminent scientists. It verifies observations in the Caribbean that temperatures are rising, extreme weather events are occurring more frequently, sea levels are rising, and there are more incidences of coral bleaching. These climatic changes will further exacerbate the limited availability of fresh water, agricultural productivity, result in more erosion and inundation, and increase the migration of fish from the Caribbean to cooler waters and more hospitable habitats. The cumulative effect is reduced food security, malnutrition, and productivity, thus increasing the challenges to achieving poverty reduction and socio-economic development.
The report notes that greenhouse gas emissions, the cause of Climate Change, continues to rise at an ever increasing rate. Unless this trend is arrested and rectified by 2050, global temperatures could rise by at least 4°C by 2100. This would be catastrophic for the Caribbean. However, the report is not all gloom and doom. More than half of the new energy plants for electricity are from renewable resources, a trend that must accelerate substantially if the goal of limiting global warming to below 2°C by 2100 is to remain feasible.
The IPCC AR5 Report should therefore serve as a further wakeup call to our region that we cannot continue on a business as usual trajectory. It is an imperative that Climate Change be integrated in every aspect of the region’s development agenda, as well as its short, medium and long-term planning. The region must also continue to aggressively engage its partners at the bilateral and multilateral levels to reduce their emissions. The best form of adaptation is reducing emissions.
Inaction is simply too costly! The IPCC will adopt the Synthesis Report of the AR5 in Copenhagen, Denmark in late October 2014. Caribbean negotiators are already preparing to ensure that the most important information from the report is captured in the Synthesis Report.
Dr Kenrick Leslie is the Executive Director of the Caribbean Community Climate Change Centre, the regional focal point for Climate Change.
Learn more about the implications of the IPCC AR5 Report by watching the live stream of the Caribbean Launch on today at 6pm (-4GMT) via caribbeanclimate.bz and track live tweets via #CaribbeanClimate.
This is a Climate & Development Knowledge Network (CDKN) supported event.
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.
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.