GOVERNMENT AND PRIVATE SECTOR SEIZING THE MOMENTUM ON CLIMATE FINANCE

Written by on June 5, 2018

BUSINESS BREAKFAST WITH HON. OLIVER JOSEPH, MINISTER FOR TRADE, INDUSTRY, CO-OPERATIVES & CARICOM AFFAIRS
Wednesday, 6 June 2018
Radisson Beach Resort; Oasis Room

This breakfast under the hospices of the Minister with high-level representatives from Grenada’s private sector marks an important moment for Grenada’s sustainable development.

Grenada has established their climate change priorities through their international commitment to the Paris Agreement to reduce emissions and increase cross-sectoral resilience to the impacts of climate change. This commitment is consistent with national climate change policies, strategies, plans and priorities as well as Grenada’s National Sustainable Development Plan 2030. Grenada needs to tap into international climate finance and catalyze private investments. Gaining access to the Green Climate Fund (GCF), the biggest climate fund in existence, is an important step towards realizing Grenada’s long-term development vision.

The GCF is supporting Grenada, in the preparation for this access. With technical support by GIZ, the Nationally Designated Authority (NDA) in the Division of Economic & Technical Cooperation (DETC), is leading activities under the Fund’s Readiness Programme to improve institutional capacity and develop project concepts. Through this 18-month Programme, the NDA will be strengthened to effectively perform its responsibilities, which include convening and coordinating consultations and processes involving line ministries, statutory bodies, development partners, the private sector, and other key stakeholders. A major part of this engagement with the Fund is to leverage private sector participation for the establishment of public-private partnerships and develop a pipeline of bankable projects.

Participants at the Business Breakfast will be invited to share their views and experiences on challenges, barriers, as well as success stories and future opportunities in reducing emissions and building resilience in the various sectors represented. The discussion will then focus on how the private sector and the Government in Grenada can efficiently work together to achieve the national sustainable development ambition.

The event will be take place on the 6th June, from 8.15 am to 9.15 am at the Radisson Grand Beach resort, Oasis Pavilion, with moderation by Leon Charles of Charles and Associates.

Participants will include Hon. Oliver Joseph, Minister for Trade, Industry, Cooperatives & CARICOM Affairs; Lotten Haagman, Director of the Grenada Hotel Association; Petipha Lewis-Smith, Executive Director of the Grenada Chamber of Industry and Commerce; Stanford Simon, Chairman of the Grenada Development Bank; Mervyn Lord, Managing Director of the Grenada Development Bank; Mike Quinn, Managing Director of Quinn Company Ltd.; Dr. Dunstan Campbell, President of the Grenada Organic Agriculture Movement; Che Keens-Douglas, Chief Executive Officer of the Grenada Investment Development Corporation; and Christopher Husbands, General Manager National Water and Sewage Authority.


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