first_img Oct 15, 2020 Two Major Leaps Towards a Climate Resilient, Emission-Free… Sep 29, 2020 You may be interested in… Opinion: Climate Action – We All Need to Play Our Partby Ambassador Daniela Tramacere, Head of the EU Delegation to Barbados, the Eastern Caribbean States, the OECS, and CARICOM/CARIFORUM This week Europeans celebrate the annual “Climate Diplomacy” week to highlight climate action in the EU and beyond. It is a year and a half since the Paris Agreement entered into…June 19, 2018In “CARICOM”Clear vision needed for energy cooperation – UWI professor tells CSEF VIA clear vision of Caribbean energy cooperation is necessary, a University of the West Indies professor said Monday. Speaking at the Caribbean Sustainable Energy Forum (CSEF) in Belize, Professor Anthony Bryan, Ph.D., said that cooperation must integrate energy policy with trade, economic, environmental, security and foreign policy, while broadening dialogue…November 22, 2018In “Belize”Fostering cleaner, more sustainable energy future in CaribbeanCaribbean countries have committed to supporting the transformation of their energy systems and to share their experiences through new and expanded regional information networks. The commitment was underscored in a Joint Declaration by countries which participated in the Caribbean Energy Security Summit hosted by United States Vice President, Joe Biden,…January 27, 2015In “Antigua & Barbuda”Share this on WhatsApp Promote accelerated adoption of renewable energy and energy efficiency technologies in the Caribbean Community, particularly in support of the successful implementation of the CARICOM Single Market and Economy (CSME);Collaborate in facilitating project development to create a pipeline of investment ready project proposals;Provide technical support to improve project bankability and supporting transactions between projects and investors;Support the enhancement and implementation of climate action plans in the Caribbean region to reduce intra-regional disparities, address local and sector-level economic disadvantages, tackle poverty as well as strengthen social and environmental sustainability; andEnhance the decision-making process across key stakeholders working towards a more renewables-based and resilient energy system in the Caribbean.      Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… At the recent signing of the MOU between the two organisations, CEO of the CDF Mr. Rodinald Soomer stated that: “There is an acknowledged need for greater technical and financial assistance to support the build out and strengthening of the ecosystem around sustainable energy in the Caribbean. In response to this deficiency, the CDF will soon launch the Credit Risk Abatement Facility (CRAF), which seeks to incentivise additional lending from local financial institutions to the private sector for low-carbon interventions in CDF Member States. The new partnership with IRENA will complement this Facility by helping to provide and leverage resources for targeted technical and financial assistance and training to beneficiaries and stakeholders.” IRENA and the CDF have agreed to collaborate in the following areas: Sep 11, 2020 (IRENA Press Release) The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding with the CARICOM Development Fund (CDF) to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model in Caribbean Small Island Developing States (SIDS). UWI Vice Chancellor Says Caribbean in Need of Special,… center_img Mr. Francesco La Camera, Director General of IRENA said: “Partnerships are the cornerstone of the achievement of the sustainable development goals. Caribbean countries, like all small island developing states, have the potential to realise transformative benefits from low-carbon economic growth agenda.  As the lead intergovernmental organisation for the energy transformation, IRENA has been integral to the Caribbean’s energy transition. This partnership reinforces the Agency’s ongoing efforts in the region and complements a focus on project facilitation and climate investment under the joint Climate Investment Platform initiative. “Working together with the CDF, IRENA reinforces its commitment to renewable energy transformation in small islands, and to mobilising the capital necessary to scale up the adoption of renewables and energy efficiency measures. This agreement complements the Agency’s ongoing efforts to strengthen the enabling environment and crowd in investment capital to meaningfully accelerate decarbonisation progress,” he concluded. Cooperation will support renewable energy and energy efficiency drive as Caribbean looks to transition away from fossil fuel dependency CARICOM Energy Ministers Meet Oct 5, 2020 This new partnership will also augment the ongoing efforts of the CDF to provide direct financial and technical support to sustainable energy investments in its CARICOM Member States through Country Assistance Programmes targeting disadvantaged countries, regions and sectors operating in the CARICOM Single Market and Economy (CSME). On Caribbean Statistics Day, PM Mitchell Hails Unwavering… The partnership will focus on reducing the region’s economic and social vulnerability to the adverse impacts of climate change, and liberating the region from a dependency on volatile and expensive fossil fuel imports. The Latin America and Caribbean region has the potential to source up to 85 per cent of its power from renewables by 2030. Doing so would significantly improve energy security and reduce energy system costs. The two organisations will also work enhance business competitiveness in the region.last_img

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