Caribbean News
CDB calls for Overhaul of financial practices during COP27
By Dana Malcolm
Staff Writer
November 16, 2022 – On day three of The Conference of the Parties 2022 or COP27, the focus was once again on vulnerable communities including developing states and especially small island developing states like much of the Caribbean and the effect of climate change on their economies and standard of living.
The UN advised during the session that ‘confronting these challenges calls for an investment into empowering local communities’ and ‘ensuring context specificity and national/local ownership.’
“It is of critical importance to enhance the access of locally-led climate adaptation projects to climate finance in a manner that increases their resilience and minimizes the scope of loss and damage they are subject to,” the
organization said.
Earlier this year the Caribbean Development Bank at its Annual General Meeting of the Board of Governors held in the Turks and Caicos had made similar recommendations maintaining that the Caribbean needs ‘Access to Adequate and Affordable Finance.’
The CDB put the Caribbean’s financial needs alone at over 100 billion dollars in investments to hit all its goals which include climate change adaptation and mitigation.
In discussing a recent UN report on the issue at COP27 on Tuesday November 8, climate experts on the High-Level Advisory Group called for an overhaul of financial practices of large investors and moneylenders as well, not just countries.
“We did emphasize the need for financial institutions to have end dates for investments in coal power and gas, and on the solutions side we recommended strongly financial institutions– focus on developing and creating investment product that are aligned with net zero emissions and facilitate increase in renewable energy particularly in developing countries.”
This means monetary donations must be invested in small islands and other developing states and the developing states for their part have a responsibility to come up with innovative solutions that boost their resilience, mitigation and adaptation in regards to worsening climate catastrophes.
Caribbean News
Paid internship opportunity in Energy Data Collection, Application DEADLINE is April 19
April 19, 2024 – The Caribbean Center for Renewable Energy and Energy Efficiency (CCREEE) in cooperation with the Energy and Utilities Department (EUD), Ministry of Public Safety and Utilities (MPSU), is looking for a motivated intern to work in close collaboration with regional and national institutions to survey and collect energy-related data that will be used to create the Energy Report Cards (ERCs) for the Turks and Caicos Islands. A stipend for the intern will be provided by CCREEE.
The intern will be based at the EUD/MPSU. The internship program will provide students and/or young professionals with a unique opportunity to work with the energy sector institutions and stakeholders in TCI, gain practical experience in the energy sector, and contribute to the knowledge management functions of the Regional Energy Information System within the CARICOM Energy Knowledge Hub (CEKH).
SCOPE OF WORK
The CCREEE in collaboration with the EUD/MPSU will collect specified data and information that will be used to develop the TCI Energy Report Cards which will be made accessible through the CARICOM Energy Knowledge Hub (CEKH). The hub may be accessed by registering at https://cekh.ccreee.org. The Energy Report Cards will also offer important support to the CCREEE work program, including support for energy planning and the development of sustainable energy projects.
DESIRED PROFILE
- Bachelor’s degree or on course for completion of one by December 2024.
- Interest in the energy sector and willingness to learn about the socio-economic, technical and environmental aspects of the energy landscape; studies in sustainable energy, environmental sciences or related fields are an asset but not a National or resident of one of the relevant countries.
- Proficiency in English.
INTERNSHIP TIMEFRAME
The internship will run for a period of eight (8) weeks from May 27 to July 19, 2024.
APPLICATION
The intern applicant should send their application (motivation letter and CV) on or before April 19, 2024 to recruitment@ccreee.org and copy eud@gov.tc.
Only shortlisted candidates will be contacted.
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