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Greater collaboration needed to close green finance gap in Caribbean 

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By Shanieka Smith

Staff Writer

 

#TrinidadandTobago, December 23, 2022 – Regional Advisory Leader and Territory Leader at PwC Trinidad and Tobago, Brian Hackett, says stronger partnerships between regional businesses, investors, and regulators are needed to finance green projects.

“While there has been progress on green financing in the Caribbean, greater collaboration with international agencies is needed to strengthen the regulatory and financial systems to better channel financial resources to sustainable development projects,” Hackett said.

He noted that access to these funds should also be improved.

According to the International Energy Agency, an annual investment of approximately $4 trillion is needed to meet the net zero emissions target globally by 2030. Investors, however, seem to have little trust in sustainability reports.

Hackett said organizations in the region can show their commitment to sustainability by implementing sound Environmental, Social and Governance (ESG) strategies. Alongside this, corporate reporting should also be improved to highlight ESG targets.

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Caribbean News

Guyana’s financial support for Palestine

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Rashaed Esson

Staff Writer

#Palestine#Guyana, April 24, 2024 – A cheque of over GY$110 million which is USD$500 thousand, was presented to President Irfaan Ali, at a handover ceremony on April 23, in support of Palestine for Humanitarian efforts, according to reports.

The money, raised by Muslims and non Muslims, comes after an appeal by the National Ramadan Village during the month of Ramadan.

It will be sent to the United Nations Relief and Works Agency for Palestine refugees (UNRWA) to help the victims of the ongoing war.

 

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Caribbean News

Royal Caribbean Cancels Haiti Trips

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Rashaed Esson

Staff Writer

#Haiti#RoyalCaribbean, April 26, 2024- Royal Caribbean has decided to cancel all of its trips to Labadee, a popular destination in Haiti due to the worsening crisis, putting further strain on the country’s tourism sector. Cancellations were initially set to last until mid March but now they have been extended through the summer into September, according to a post by Royal Caribbean. A spokesperson for the organization is reported saying the Global Security and Intel team is monitoring the situation in Haiti, further expressing that the cancellations come as the safety and security of its guests are top priority.

 

 

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Caribbean News

Haiti Transitional Council Sworn in- Henry Officially Resigns

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Rashaed Esson

Staff Writer

#Haiti#TransitionalCouncil#ArielHenry, April 26, 2024 – Haiti’s de facto Prime Minister Ariel Henry officially resigned, following the swearing in of the nine member transitional presidential council on Thursday April 25, 2024. He publicly announced his resignation in a post on Facebook. This follows Henry’s promise last month to exit office after gang members blocked his return to Haiti from Kenya.

 

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