Jamaica’s Prime Minister Andrew Hollness has told an international conference that climate change is a real issue for the Caribbean.
“For us climate change spells disaster. But if we embrace the challenge, it can also provide an opportunity,” Holness told the second edition of the Green Climate Fund (GCF) global conference on private investment for climate change.
Addressing GPIC conference in South Korea Holness, who recently served as co-chair of the financing initiative at the UN Climate Summit in New York last month, said that Jamaica has partnered with the GCF “to create the first Caribbean green bond listing which will make us the Caribbean country of choice to conduct smart and sustainable business”.
Caribbean countries have in the past urged developed countries to adopt new measures to lessen the impact of climate change pointing to the recent hurricanes that have left millions of dollars in damage as well as many deaths. In addition, the region has also called for developed countries to keep their promises and provide the financing necessary to help Small Island Developing States (SIDS) deal with the impact of climate change.
The GCF Private Investment for Climate Conference (GPIC) is a global marketplace and ecosystem where leading private sector actors including project sponsors, institutional investors, financial institutions, climate leaders, and the public sector come together to accelerate climate action in developing countries.