The Caribbean Growth Financial institution (CDB) will intensify its foyer for elevated sources for Local weather Motion within the Area on the twenty eighth Annual United Nations Local weather Change Convention (COP28) scheduled November 30 – December 12, at Expo Metropolis, in Dubai, United Arab Emirates.
The Financial institution will use the seminal summit to spotlight the challenges the local weather disaster is posing for the Caribbean and to advocate for international assist to neutralise the menace. CDB can also be supporting the Caribbean’s local weather agenda by partially financing the institution of the CARICOM Pavilion, which can function a hub for regional pursuits at COP 28.
“The Caribbean Growth Financial institution will once more be part of forces with associate organisations from the Area to push for extra definitive international motion to handle Local weather Change. Given our excessive vulnerability it’s vital that our voices proceed to be heard earlier than, throughout, and after COP as we grapple with the fact of utilizing scarce nationwide sources to adapt to the consequences of local weather change or get well from the loss and injury,” stated the Financial institution’s President, Dr. Hyginus “Gene” Leon.
“We’ll proceed to make use of the platform the Convention supplies to spotlight issues of best concern such because the pressing want for elevated local weather finance beneath extra beneficial phrases, the significance of contemplating international locations’ resilience and vulnerability in local weather finance allocation mechanisms, and the extent of assist required to speed up the Area’s transition to Sustainable Vitality and Inexperienced Commerce,” he added.
CDB will host a number of advocacy-focused classes to extend consciousness about key local weather points beginning with a panel dialogue on Monitoring, Reporting, and Verification (MRV) Techniques for Local weather Finance Monitoring, which is about for December 4, on the CARICOM Pavilion. The dialogue will discover how MRV programs can enhance the administration of local weather financing, form local weather change coverage, and enhance information gathering.
Sustainable Vitality will likely be on the entrance burner on December 5, 2023, when CDB will launch its guidebook on the Minimal Regulatory Perform (MRF) for the Vitality Sector. The occasion will embrace an exposition of how an applicable electrical energy sector governance framework can encourage investments in renewable power and speed up the Caribbean’s sustainable power transition. Will probably be hosted in partnership with the Inter-American Growth Financial institution (IDB) on the IDB Pavilion of the Americas.
A panel on Accelerating the Caribbean Vitality Transition will look at how the worldwide improvement group can propel the Area’s sustainable power transition by addressing limitations inhibiting funding and motion. The session, which can also be scheduled for December 5, will likely be held on the CARICOM Pavilion.
CDB, this time in collaboration with the Inexperienced Local weather Fund, may also unveil a serious new initiative aimed toward incubating the Area’s Blue Economic system. The announcement will likely be made at a particular occasion on December 1, 2023, on the Bahamas Pavilion.
Donate At Caribbean Information Service, we don’t cost for our content material and we need to preserve it that means. We’re in search of assist from people and organisations so we are able to
proceed our work & develop CNS additional.
