Vaz calls for more private-sector support in building climate resilience

Wednesday, February 13, 2019

Print this page Email A Friend!


KINGSTON, Jamaica — More private-sector stakeholders are being encouraged to partner with the Government in executing projects designed to build Jamaica's climate change resilience.

This call comes from Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz, who said more innovators, investors and private-sector leaders are needed to further advance mitigation efforts.

“Partnerships are integral to our success, and so we absolutely cannot [overstate] the important role the private sector can play, as our partners, in reducing our vulnerability to a changing climate and reducing their own carbon footprint,” he said.

The minister was speaking at a micro, small and medium-sized enterprise (MSME) consultation on supporting private-sector investment for advancing climate action in Jamaica, at the Terra Nova All-Suite Hotel in St Andrew yesterday.

Vaz praised private-sector stakeholders who are taking “smart and steady action” to adapt and mitigate the effects of climate change.

“Private-sector companies are finding their footing and taking big leaps, impacting positively on our carbon footprint… among them, providers of renewable energy such as the Jamaica Broilers Group, Solar Buzz Jamaica and GeNNex Elite,” he said.

Vaz urged others to follow suit, and assured that the Government will continue to garner assistance for the private sector in advancing the climate change agenda, through facilities such as the Green Climate Fund's Readiness and Preparatory Support Programme.

He pointed out that in 2017, the ministry's Climate Change Division requested readiness support through that programme in order to mobilise private-sector engagement in developing low carbon and climate resilient projects in Jamaica and other CARICOM states.

“This idea was to investigate barriers and develop solutions that will leverage private-sector support and then work together at the national and regional levels to develop an action plan for engagement,” Vaz explained.

The Green Climate Fund is a unique global platform to respond to climate change by investing in low-emission and climate-resilient development. It is the largest source of international climate finance and was established to limit or reduce greenhouse gas emissions in developing countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change.

The two-day consultation seeks to further investigate challenges for climate action and highlight best practices and possibilities for innovation, and increase knowledge of available financing options for climate action for MSMEs.

—JIS


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT