Caribbean Leaders Urged To Push For Climate Financing

August 29, 2022

The Bahamas Prime Minister called for his fellow Caribbean leaders to “Make developed countries honor past pledges for climate assistance”, as they convened in the recent meeting of the Caribbean Community (CARICOM) in Nassau to discuss about climate change resiliency.

In a speech, Bahamian PM Philip Davis said that small nations that have already begun to experience severe effects of climate change must pressure developed countries to contribute more financial aid in mitigating its effects.

“If we advance our interests merely as individual Small Island Developing States, our voices will be dispersed, unable to be heard above louder, wealthier, carbon-producing interests,” he said as reported by Reuters.

Davis also suggested that they create new criteria for determining which countries can receive such assistance at the upcoming climate talks in Egypt in November.

The recent climate change mitigation efforts by the United States and Australia encouraged Davis, but he acknowledged that “we are commitment-fatigued and we are pledge-fatigued.” He said that rich nations had failed to meet the $100 billion pledge in climate aid to poor countries by 2020.

In recent years, the Caribbean countries have been experiencing stronger hurricanes and the accompanying floods. TeleSUR English reported that in the Bahamas, “the consequences of natural disasters have increased sovereign debt by some US$5 billion.”

Even with less support, some Caribbean countries have begun their mitigation efforts to address climate change.

In the Commonwealth of Dominica for example, the Housing Revolution Programme has provided more than 2,000 Dominican families with climate-resilient houses and continues to do so.

The government has entrusted MMC Development Ltd., the developing arm of UAE-based company Montreal Management Consultants to oversee the remaining eight residential projects in the island, along with infrastructure projects on health care, transportation, and education.

MMC Development Ltd. has completed eight housing projects since working closely with Dominica’s government.

In a previous interview, MMC CEO and President Anthony Haiden said that sustainability is their utmost priority for all the projects they embarked on.

“Despite the economic, political, and logistical challenges, MMC Development has delivered sustainable projects and we are always committed to complying with the government’s mandate to develop green structures,” Haiden said.

The two-day meeting in Nassau, Bahamas was attended by 18 Caribbean leaders. The event is expected to produce an “outcome paper” that will be presented at the 2022 United Nations Climate Change Conference, commonly referred to as COP27.


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