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Story Highlights

  • Response to a proposal by the Climate Change Division of the Ministry of Economic Growth and Job Creation for climate change readiness financing from the Green Climate Fund (GCF), is expected in short order.
  • Mr. Vaz said the funds will also strengthen the capacity of the Division and also serve to develop the country’s programme, leading to a solidified process for building a coherent national framework for climate finance.
  • The overall objective of the training workshops is to support the implementation of measures that lead to more climate resilience and lower emission development in Jamaica.

Response to a proposal by the Climate Change Division of the Ministry of Economic Growth and Job Creation for climate change readiness financing from the Green Climate Fund (GCF), is expected in short order.

Minister with responsibility for Environment and Climate Change in the Ministry, Hon. Daryl Vaz, said the approval of the grant would be significant to making Jamaica climate resilient.

He was addressing a breakfast meeting as part of a week-long Climate Finance Readiness Training workshop, held at the Hotel Four Seasons in Kingston, today (June 24),

The GCF grant is valued at US$300,000 (approximately $37 million) and will be used to help the Climate Change Division get equipped to manage its role as a National designated Authority.

Mr. Vaz said the funds will also strengthen the capacity of the Division and also serve to develop the country’s programme, leading to a solidified process for building a coherent national framework for climate finance.

“(It) represents an important opportunity for us to take decisive action in addressing the impacts of climate change as we work towards gaining competitive advantage and achieving our sustainable development goals in the decades to come,” he said.

The GCF is a unique global initiative to respond to climate change by investing in low-emission and climate-resilient development. GCF was established by 194 governments to limit or reduce greenhouse gas emissions in developing countries, and to help vulnerable societies adapt to the impacts of climate change.

Minister Vaz, meanwhile, is urging private-sector organisations to be aware of the opportunities available for climate financing through the GCF for adaptation and mitigation projects.

He said the Ministry and the Climate Change Division would like to be involved from the concept to implementation stage of such projects by the private sector.

“Where there is money available in making your businesses more resilient to climate change, where these fall within our national priorities, your projects and proposals will receive the full backing of our Division,” the Minister said.

The breakfast meeting was hosted by the Climate Change Division in conjunction with the German Institute (GIZ), and included the Private Sector Organisation of Jamaica.

It included presentations on the topic: ‘Transforming Development and Climate Challenges into Inclusive Business Opportunities’.

Over the course of the workshops, representatives were introduced to international climate change finance options and conditions for accessing them. The seminars also provided government entities with a common basis for further internal discussions on policy and institutional requirements.

The overall objective of the training workshops is to support the implementation of measures that lead to more climate resilience and lower emission development in Jamaica.