MEDIA ADVISORY: Special Meeting of COTED on Energy

The 73rd Special Meeting of the Council for Trade and Economic Development (COTED) (Energy) will be held at the  Caribbean Community (CARICOM) Secretariat on Thursday, 19 April, 2018.

The meeting will be chaired by Senator, the Hon. Darcy Boyce, Minister of State in the Office of the Prime Minister of Barbados.

Representatives of the Media are invited to cover the following:

EVENT: Opening Ceremony, 73rd Special Meeting of the Council for Trade and Economic Development (COTED) (Energy)

DATE: 19 April, 2018

Time: 10 o’clock

VENUE: CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana

Kindly make every effort to be present by at least 15 minutes before the start of the ceremony for timely coverage of the event.

CCREEE, regional energy security among matters before Ministers at Special COTED

Montserrat deposited its instruments of ratification of the Agreement Establishing the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), on Tuesday. The CARICOM Member State became the fifth Member States to do so, effectively paving the way for the establishment of the Centre’s legal identity by mid next month.

The Hon. Paul Lewis, Montserrat Minister of Communication, Works and Labour, handed over the document to Mr. Joseph Cox, CARICOM Assistant Secretary-General, Trade and Economic Integration, during a Special Meeting of Officials of the Council for Trade and Economic Development (COTED) on Energy.

Energy officials and partners began gathering at the CARICOM Secretariat in Georgetown, Guyana, in preparation for the Special COTED Ministerial Meeting on Thursday, also at the Secretariat.

See more photos here

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Caribbean eyes untapped potential of world’s largest climate fund

KINGSTON, Jamaica, Apr 12 2018 (IPS) – The Caribbean Community Climate Change Centre (CCCCC) also known as the 5Cs, is looking for ways to boost the region’s access to the Green Climate Fund (GCF).

The Centre is on the hunt for proposals from the private and public sector organisations around the region that want to work with the Centre to develop their ideas into successful projects that are in line with their country’s national priorities to build resilience to climate change.

The 5Cs, the agency with responsibility for coordinating climate action in the Caribbean, has doubled its efforts in wake of the 2017 Hurricane Season which saw the devastation of several islands and which exacerbates the need for climate proofing critical infrastructure a building resilience.

“We welcome proposals from all areas and industries,” said, Dr. Kenrick Leslie executive director of the Centre, noting that as an accredited entity: “We are able to assist organisations to access Green Climate Fund (GCF) grants for climate adaptation and mitigation projects of up to 50 million dollars per project”.

The GCF has approved a couple hundred million in preparation funding for several countries across the region, but the 5Cs boss is particularly proud of the achievements of his tiny project development team.

Read more at: Inter Press Service

CDB launches US$65.5M rehabilitation, reconstruction project in the British Virgin Islands

“It is time to get our livelihoods back on track. It is time for us to get on with the several projects and initiatives that are identified for each ministry in the loan agreement. And, it is time to weather proof our infrastructure and rebuild it in a way that offers some resiliency to unprecedented weather patterns.” – BVI Premier, Dr. Orlando Smith
April 12, 2018, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) has launched a Rehabilitation and Reconstruction Project in the British Virgin Islands (BVI), which will assist the country in recovering from the effects of Hurricane Irma. The Project, which was launched on April 10, 2018, will be funded through a US$65.3M loan and a US$300,000 grant.

Speaking at the launch, Diana Wilson Patrick, General Counsel, CDB, noted that the Project is a further extension of CDB’s efforts to help BVI recover from the impact of the extreme weather event. In the immediate aftermath of Hurricane Irma, the Bank provided an Emergency Relief Grant of US$200,000, and Immediate Response Loans totalling US$2.25 mn.

It was with a sense of some pride that the management and staff of the Caribbean Development Bank were able to work with our counterparts in the Government of the Virgin Islands to have financing towards the proposed rehabilitation and reconstruction activities approved by the Bank’s Board of Directors on December 14, 2017. This was a mere three months after Hurricane Irma caused the loss of four lives and an estimated US$3.6 billion in damage to homes, schools, infrastructure, public administration and defence and several other sectors; disrupting the lives of the country’s men, women, boys and girls.”

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