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PM Davis says Regional UNFCCC Meeting Attendees share a ‘determination to make important progress’ on climate change issues

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By ERIC ROSE

Bahamas Information Services

 

#NASSAU, The Bahamas, August 16, 2022 –  – During his Official Remarks at the Opening Plenary Session of the Caribbean Regional Heads of Government Meeting in Preparation for the United Nations Climate Change Conference of The Parties 27 (COP 27), on August 16, 2022, Prime Minister of The Bahamas and Minister of Finance the Hon. Philip Davis noted to attendees that they all shared a determination to make important progress together in the coming days.

“As many of you know, the end of August and the beginning of September has become a very poignant time on the Bahamian calendar,” Prime Minister Davis pointed out, at the Meeting, held at Baha Mar Convention Centre.  “September 1st will make three years since Hurricane Dorian landed on our shores.”

“The physical, psychological, social, and economic damages are still very much with us,” he added.  “Across the world, we’ve seen the intense heatwaves, wildfires, and droughts that are further, terrible evidence of the accelerating impact of climate change.”

Prime Minister Davis said that, with the climate changing faster than predicted, the challenges they all faced were stark; but they were “not insurmountable”.

“One thing is clear: success will require collective action,” he said.

“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 added.

Prime Minister Davis said: “Friends: There really is strength in numbers; and if we stand together, we are less likely to fall apart.  And so this regional meeting is critical.  Our shared characteristics go beyond our physical geography.

“We need to find effective, efficient ways to adapt to new realities,” he added.  “We have to re-structure our lives and our living environment to mitigate against the disasters which are becoming more frequent and more severe.

“Easy to say – much harder to pay for.”

Prime Minister Davis noted that the Caribbean had been identified as the region with the largest number of indebted countries.  He said that while there were multiple reasons for this, in many cases a major contributor to debt is borrowing associated with recovery efforts from the impact of climate change.

“Here in The Bahamas, we undertook an exercise which revealed that more than 50% of our outstanding debt can be linked to the impacts of the hurricanes which descended on us between 2015 and 2019,” Prime Minister Davis said.  “Our countries are struggling with debts accumulated by climate disasters.”

He added:  “What does this mean for the development of our nations, when our risk profile is becoming so severe that insurers question their willingness to offer risk facilities to offset climate disasters?  Put simply, we are in danger of becoming uninsurable.”

Prime Minister Davis said that many, if not all, of the countries represented at the Meeting had already faced challenges in accessing climate-related funds.

By acting in “common cause”, he said, they could move with more authority and with greater impact to address legacy issues which have held them back from making meaningful progress.

“This is not to say that there aren’t differences among us,” he noted.  “With some issues, we can agree to disagree.  With others, we can use this forum to find and build consensus before we engage with our colleagues around the world.”

Prime Minister Davis said that COP26 in Glasgow promised a renewed commitment to act.   He noted that in the prior two weeks, both the United States and Australia had taken “historic” steps forward to address emissions.

“But the conflict in Ukraine, spiraling inflation in energy costs along with other goods and services, and significant disruption to supply chains, have put pressures on the promises to restrain carbon emissions around the world,” Prime Minister Davis said.

“The progress in the United States and Australia is important,” he pointed out.  “The world’s wealthiest and most powerful countries generate 80% of global emissions. They can act – when they choose to.”

“Their progress also shows nothing is inevitable, in this great fight of our time,” Prime Minister Davis pointed out.  “We cannot get stuck, or allow others to languish in inaction, when forward motion is required.”

Prime Minister noted that there was much room for innovation.

“I don’t just mean technological innovation – I also mean innovation in the way we think about climate challenges and solutions,” he said.  “Consider, for example, the Call to Action on Living Lands (CALL), which emerged from the Commonwealth Heads of Government meeting in Rwanda earlier this summer.

“The Call to Action highlights the importance of building natural resilience by stopping and reversing biodiversity loss, and developing nature-based and ecosystem-based approaches to combating climate change.”

Prime Minister Davis noted that, if it was true that almost all of the hard work fighting climate change lies ahead of them all, it was also true that their ingenuity was up to the challenge.

“And so, Friends, I encourage your most active and vigorous participation in these discussions.  Let us bring our best ideas to the table,” he said.  “Let us work together to construct a joint solution in respect of climate risk insurance and other climate risk facilities.

“And let us take practical steps to improve access to climate finance.”

Prime Minister Davis noted that they were well-aware that, going into COP27, work was underway to advance the implementation of a Santiago Network on Loss and Damage, along with the establishment of a Loss and Damage Facility.

“These are important tools to support our countries,” he said.

“However, we also need to ensure that risk or insurance facilities are also in the toolbox of solutions to help our people,” Prime Minister Davis added.  “Access to climate finance should not be unclear or cumbersome. And the application of per capita overseas development assistance eligibility should not be taken as the main consideration for offering climate finance; if so, means that many Caribbean states would be frozen out from the start.”

Prime Minister Davis said that they should all work together to advance the use of a Multi-Dimensional Vulnerability Index to reflect the true needs of Small Island Developing States; and work to persuade donors and partners to ensure that all SIDS are eligible for access to bilateral climate financing.

“Colleagues, we are at an important time, when the New Collective Quantified Goal on Climate Finance is currently being assessed by countries operating within the UNFCCC framework,” he said.

“If we can do the heavy lifting here, our chances of success are greatly improved,” he added.  “We are more likely to avoid the mistakes of the past.

“And we will have a greater chance of securing better futures for us all.”

Prime Minister Davis said that it was his “fervent hope” that the meeting becomes an annual event, one where common interests, shared objectives and mutually-accepted protocols, lead to “outcomes which will ensure our very survival”.

“It is no exaggeration to say that our very lives depend on it; and the only way forward is together,” he said.

 

Photo Caption: Prime Minister of The Bahamas and Minister of Finance the Hon. Philip Davis speaks, on August 16, 2022 at Baha Mar, during his Official Remarks at the Opening Plenary Session of the Caribbean Regional Heads of Government Meeting in Preparation for the United Nations Climate Change Conference of The Parties 27 (COP 27), which will take place in Sharm El Sheikh, Egypt in November.

(BIS Photos/Eric Rose)

 

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CIBC Caribbean announces the closure of Bay Street Branch

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CIBC Caribbean today announced that its Bay Street branch will close permanently on 31st May 2024.

CIBC Caribbean’s Managing Director, Dr. Jacqui Bend, in making the announcement said: “We regret this development; however, our bank recognizes that our clients’ needs are changing, and we remain committed to meeting these evolving needs. We are even more focused within the climate of evolving technology advancements on creating product options that focus on security, convenience, and ease of doing business.”

Dr. Bend noted that there will be no job losses as a result of this closure and employees will be redeployed to other branches.

She observed, “Additionally, the closure of the Bay Street branch represents a continuation of the work previously started to repurpose our branch network to serve our clients more efficiently across the region.”

Dr. Bend said the decision to end operations at Bay Street was made with the knowledge that clients will continue to be adequately serviced by a strong branch presence that already exists in The Bahamas. She said the bank has written to its Bay Street clients informing them of the closure and has outlined their future banking options.

“We understand that the closure of Bay Street may be inconvenient to our some of our clients, but we hope that this will be tempered by the knowledge that they have many more avenues available to conduct their banking that are also convenient, safe and practical, using our mobile or online banking platforms or our other branch locations.”

 

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Freeport Business Expo to connect Grand Bahama businesses and entrepreneurs to expert resources  

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Grand Bahama Port Authority, Limited

 

 April 29, 2024 – Freeport, The Bahamas – In line with its mission to create a stronger, more connected Freeport economy, the Grand Bahama Port Authority, Limited (GBPA) is pleased to share details of the upcoming Freeport Business Expo: Tourism Edition, taking place on Thursday, May 2, 2024 at the Grand Lucayan Convention Center in Grand Bahama.

“As the GBPA continues its work to attract investors to Freeport, we offer this showcase of local and international businesses offering services and opportunities to potential and existing licensees,” stated Ian Rolle, GBPA President. “This Expo will not only connect unique international service providers with Bahamian entrepreneurs aiming to introduce new tourist attractions, but also bring together financing institutions to support Bahamian-owned start-ups and existing businesses in the industry.”

The emphasis on tourism at the 2024 Expo ensures that those in tourism-focused businesses are certain to benefit. The event will offer opportunities to meet potential business partners, gain insight on financial opportunities, engage with leaders in workshops and one-on-one sessions, and get answers on starting a Freeport business and obtaining a GBPA license.

“We regularly host community business expos,” said Glendia Sweeting, Manager of Quality Assurance and Special Projects.  “But we recognize the significant benefit of an expo focused on enhancing tourism business offerings through connecting international service providers and Bahamian entrepreneurs. We have more than thirty local and national exhibitors taking part on May 2nd, along with several international service providers.”

Multiple investment projects currently in progress and planned in the city of Freeport is creating anticipation for existing and potential entrepreneurs and this expo is geared towards preparing them for these opportunities.  “Grand Bahama is going to experience a significant growth spurt in the next one to three years.  I would strongly encourage everybody who wants to get involved in business to look at Grand Bahama as one of the top choices, especially over the next three years,” said Mr. Rolle.

The Expo opens on Wednesday, May 1st with a welcome reception from 6:00 p.m. to 8:00 p.m. A full day of learning and networking opportunities follows on Thursday, May 2nd. GBPA’s partners in the Freeport Business Expo include:

  • Grand Bahama Island Promotion Board
  • Ministry for Grand Bahama
  • Grand Bahama Chamber of Commerce
  • Ministry of Tourism
  • Bahamas Immigration
  • Bahamas Customs
  • Five Star Shipping Company
  • Viva Wyndham Fortuna
  • Bahamas Air
  • Grand Lucayan Hotel

Registration for access to the Expo’s exhibitors is free, and all-access passes are available for purchase. Event details and registration information may be found at freeportbusinessexpo.com.

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Pacesetting Cohort of Eleuthera Residents Graduate from Leading Light Programme

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Office of University Relations

22nd April 2024

Eleuthera, THE BAHAMAS – A pioneering cohort of 43 Eleuthera residents graduated from the University of The Bahamas’ (UB’s) free Leading Light Programme, sponsored by Disney Cruise Line (DCL) on Friday 19th April, 2024.

The programme, launched in February 2024 and delivered through UB’s Continuing Education and Lifelong Learning (CeLEARN), offers a series of courses to ensure Eleuthera has a proficient workforce capable of delivering unparalleled hospitality leadership as the island experiences a sharp growth in tourism arrivals. The graduation ceremony was held at the Eleuthera Chamber of Commerce Business Hub in Rock Sound, Eleuthera.

The courses focused on tourism and hospitality skills, leadership development and effective communication. They were taught by UB faculty and included guest lecturers such as former Director General of Tourism, Minister of Tourism and Secretary General of the Caribbean Tourism Organization Vincent Vanderpool Wallace and veteran hospitality professor Dr. Lincoln Marshall.

“This programme represents the mission-driven collaboration and skills-building that University of The Bahamas is committed to fostering, supported by an important industry partner like Disney Cruise Line,” noted UB President (Acting) Janyne Hodder. “Given the importance of the tourism industry to our nation, we know how vital it is that we continually equip our workforce with diverse expertise to uphold our reputation for excellence in hospitality. We are grateful for this collaboration with Disney Cruise Line which has facilitated programme delivery in Eleuthera, enabling UB to broaden access to much sought-after professional development.”

As training and skills development programming grows across the island of Eleuthera, the Leading Light Programme experience was tailored to be free of charge, accessible and conclude with participants earning a UB certification that signals the high standard of education for which the University is recognized. Students came from all walks of life and traveled from as far away as Hatchet Bay in the North, and Bannerman Town in the South to Rock Sound for classes. Programme participants also received a stipend to defray the cost of commuting and other personal expenses.

Nora Smith, a manager at the picturesque Jack’s Bay Club, yearned to increase her skills.

“I would recommend this programme to anyone because The Bahamas is known as a tourism destination. Taking this course in tourism and hospitality, can help me to go far in dealing with tourists daily in my workplace,” she said.

Graduate Javonne Richards appreciated the comprehensive curriculum and the ease of access to the courses that were offered.

“This programme not only fills a gap in our Eleuthera education offerings, but also equips participants with the tools and knowledge needed to thrive in dynamic work environments,” he noted.

Director General of Tourism Mrs. Latia Duncombe, who delivered the keynote address at the graduation ceremony, shared three essential qualities for successful tourism professionals: energy, creativity and a welcoming personality.

“Your fresh perspectives and innovative ideas are invaluable to creating unique, unforgettable customer experiences,” said Mrs. Duncombe. “While technology such as Artificial Intelligence, also have a role to play, human interaction remains essential.”

Minister of Works and Family Island Affairs and Member of Parliament for Central and South Eleuthera the Honourable Clay Sweeting commended the partnership that is supporting community growth.

“I am proud of every Eleutheran who came from near and far to take advantage of this opportunity,” said Minister Sweeting. “As Eleuthera’s economy continues to grow, especially in Central and South Eleuthera, I encourage more corporate partners to invest in the local community in innovative ways, like the University of The Bahamas and Disney Cruise Line have, so that we can continue to strengthen our local communities.”

Two additional cohorts will be offered this year, increasing the pipeline of Eleutherans who are optimally skilled as hospitality and tourism ambassadors.  Registration for the summer programme will open on May 17 and the second cycle of courses begins June 17, 2024.  Fall programme dates are September 23 through November 29, 2024. To learn more about the Leading Light Programme and how to enroll, please email atynes@eleutherahambercommerce.com.

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