Caribbean News
United Action towards a Greener, Secure Future: Reflections on the United Nations Latin America and Caribbean Climate Week, October 23-27
Didier Trebucq
October 23, 2023 – In the heart of the Latin American and Caribbean region where the vibrant cultures and rich biodiversity intersect, the United Nations Latin America and Caribbean Climate Week (LACCW) will be convened from October 23 to 27, 2023hosted by the Government of Panama. Leaders, activists, policymakers and experts from across the region will assemble to take stock on the critical challenges of climate change ahead of COP28 in Dubai. LACCW is a call to regional action on four priority areas: i) energy systems and industry; ii) cities, urban and rural settlements, infrastructure and transport; iii) land, ocean, food and water; and iv) societies, health, livelihoods and economies.
The consequences of climate change are felt acutely in the 29 Caribbean small island developing states (SIDS) that have experienced record high temperatures, with consequent impacts from rising sea levels, devastating hurricanes, longer dry seasons and droughts, which affect economies, populations and livelihoods. Barbados and the Eastern Caribbean SIDS are among the smallest and most vulnerable, with small, open economies that have been beset by recent external shocks such as the 2008 global financial and 2020 COVID-19 crises. Caribbean SIDS also grapple with decades of unsustainable practices in development, production and infrastructure that have, over decades, spewed solid waste and effluent pollution into sensitive terrestrial and marine ecosystems. Combined with climate effects, these threaten the resilience of ecosystems which provide frontline protection in coastal areas.
In a 2023 Caribbean survey on SIDS challenges conducted by the UN Department of Economic and Social Affairs (DESA), the highest category of reported concerns cited were “adverse effects of climate change” (15%), followed by “loss of biodiversity” (11%), and “natural disasters” (8.7%). Climate change disproportionately affects the poorest, most marginalized, and vulnerable communities. Women and children often lack access to resources and assets to cope with disasters. Poverty levels in Eastern Caribbean SIDS average 24.6 percent, while women tend to be unemployed at higher rates and paid at lower levels than men, which increases their vulnerability.
Most of the poor are employed in tourism and agriculture – sectors that are particularly vulnerable to external events. Small-scale landholders and producers are also increasingly vulnerable due to high levels of income dependence on degraded agriculture lands and fishing stocks. It is essential to protect and empower these communities to become more resilient by involving them in coordinated disaster preparedness and response, early warning systems, and investing in climate-resilient livelihoods and social safety nets. This also means investing in education and public awareness, ensuring that everyone knows the role they can play in turning the tide against global warming and reducing the severity of future climate impacts.
The theme of this year’s LACCW is “Building a Resilient and Inclusive Future in Latin America and the Caribbean.” The theme is more apt than ever for reinvigorating the battleagainst climate change and leveraging the power of the collective to build a resilient and inclusive future. The 2023 LACCW will bring together multiple institutions and national stakeholders to gather the sentiments and core messages for action that the region will take to COP28 as well as the upcoming Fourth International SIDS Conference in 2024.
Caribbean communities are already experiencing the effects of climate change, and quick action must be taken to learn, adapt and prepare for these changes. Infrastructure must be strengthened to withstand extreme weather events, sustainable agriculture practices adopted, and cities reinforced to be more climate resilient. Mitigation is also key to combating climate change. Although the region is not among those that have historically emitted the most greenhouse gases into the atmosphere, we must take proactive steps to reduce our carbon emissions. This involves transitioning to clean and renewable energy sources, such as wind, geothermal and solar power, and promoting sustainable options across all sectors.
Vincent Sweeney
Consequently, access to climate finance, especially for adaptation, is essential to build resilience but unfortunately the Caribbean SIDS do not have sufficient financing to support their investment needs. This should be addressed with utmost priority and both the Bridgetown initiative promoted by Prime Minister Mia Mottley and the UN Secretary General’s SDG Stimulus plan provide most needed financing solutions.
The UN Eastern Caribbean Multi-Country Sustainable Development Cooperation Framework (MSDCF) 2022-2026 provides a robust framework for UN assistance in the sub-region. For example, the promotion of sustainable agriculture and forestry practices, and identifying suitable policy frameworks for sustainable transportation and energy-efficient buildings.
The UN is also working to improve the resilience of communities through strengthening early warning systems, disaster preparedness and responsive social protection mechanisms. Despite this valuable work, efforts must be scaled up so the sub-region can build a resilient and inclusive future. This may seem like a huge task, however, progress can be accelerated by taking small steps to accelerate the transition to clean energy, leverage natural resources for sustainable solutions and protect and empower vulnerable communities.
To combat climate change effectively, we must come together as a region. Climate change does not respect class, race, borders, or boundaries. It is a global problem that requires a collective response.
As we observe LACCW, let us be reminded of the tremendous benefits to be gleaned from f collaborating as countries and communities to promote public awareness, share knowledge, pool resources ,and work towards common goals. By strengthening our collective response, we can find innovative solutions to address the biggest threat to mankind – as we endeavour to preserve people and planet.
Caribbean News
Royal Caribbean Group and Sandals Resorts Announce Landmark Partnership to Accelerate Their Leading Vacation Experiences
Royal Caribbean Group Investment to Advance Sandals and Beaches’ Growth and Broaden the Group’s Vacation Portfolio
Montego Bay, Jamaica and Miami, September 24, 2026 – Royal Caribbean Group (NYSE: RCL) and Sandals Resorts today announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean Group. Building on Sandals and Beaches Resorts’ more than four decades of leadership in Caribbean hospitality, the joint venture will create new opportunities for continued resort growth while broadening the experiences across Royal Caribbean Group’s vacation platform.
The partnership brings together two of the travel industry’s most celebrated vacation companies, pairing Sandals and Beaches’ all-inclusive
resort expertise with Royal Caribbean Group’s vacation platform, including industry-leading brands – Royal Caribbean, Celebrity Cruises and Silversea – a portfolio of private destinations, new river cruising offering, and an industry-first loyalty program. United in a shared history in the Caribbean and connected by a love for their communities, the companies will offer travelers an unparalleled collection of cruise, private destination and resort experiences, serving guests across more vacation occasions and establishing their undisputed leadership in Caribbean vacations.
The joint venture expands Royal Caribbean Group into an adjacent vacation category, growing its participation in the approximately $2 trillion global vacation market, and meets the growing global demand for Sandals and Beaches Resorts by accelerating their expansion. The partnership will include Sandals and Beaches’ collection of premier all-inclusive properties across the Caribbean, and the companies will explore opportunities to broaden distribution, deepen guest engagement, and make it easier for travelers to discover vacation experiences offered across both portfolios.
“For nearly 60 years, we’ve reimagined what a vacation can be, constantly expanding the ways we inspire our guests to explore, connect and create lifelong memories,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “We have been building a vacation platform that brings joy to millions of people around the world and creates meaningful relationships that last with our guests. Our partnership with
Sandals and Beaches Resorts is an important next step on that journey – bringing together two iconic leading vacation companies to further strengthen and grow one of the most admired resort portfolios in the world. The Stewart family has created powerful and beloved brands, and we are honored to build on that legacy. Together, we see tremendous opportunity to expand the reach of Sandals and Beaches Resorts and continue turning the vacation of a lifetime into a lifetime of vacations.”
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality. Today is proof of how far that vision can go,” said Adam Stewart, Executive Chairman of Sandals Resorts and Beaches Resorts. “This partnership is the natural next step in building on that conviction. It gives us the ability to grow faster with a partner that shares our values of exceptional hospitality, long-term investment, and the power of enduring brands. Together, we will introduce more guests to Sandals and Beaches Resorts while creating even more extraordinary experiences for those who have made our resorts part of their lives for decades.” Stewart added, “As we continue to grow, we will remain true to what has always defined us: delivering authentic vacations that exceed expectations while creating opportunities for our team members, travel advisor partners and the communities we call home. The future has never been brighter, and I know this moment would make my father incredibly proud.”
The joint venture will be governed by a board under the shared leadership of Stewart and Liberty. Stewart will maintain a leadership role in
guiding the company’s long-term strategic growth as Executive Chairman of Sandals and Beaches Resorts. Existing reservations, loyalty programs, resort operations and cruise operations will continue as usual, with the partnership bringing additional resources to support future opportunities.
Under the terms of the agreement, Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, representing a forward EBITDA multiple of approximately 10x. Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to earnings next year.
BofA Securities and PJT Partners acted as financial advisors, and Latham & Watkins and Jones Day acted as legal advisors to the Sandals Group. Perella Weinberg Partners and Morgan Stanley acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Royal Caribbean Group.
PHOTO CAPTION: Jason Liberty, Chairman and CEO of Royal Caribbean Group, and Adam Stewart, Executive Chairman of Sandals Resorts, mark the signing of an agreement to form a landmark partnership that expands Royal Caribbean Group into the all-inclusive resort space and supports the future growth of Sandals and Beaches Resorts. The signing took place at Royal Caribbean Group’s new headquarters in Miami, with the city’s skyline in the background.
The Caribbean tourism deal first reported as a possibility on Tuesday is now a signed agreement. Royal Caribbean Group plans to pay
approximately US$3 billion for a 50% stake in Sandals and Beaches Resorts, putting the value of the business at about US$6 billion. The purchase is expected to close in early 2027, subject to approvals.
Founded in Jamaica by the late Gordon “Butch” Stewart in 1981, the resort business has a presence across nine Caribbean destinations, including Jamaica, The Bahamas and Turks and Caicos. Sandals has described its workforce as nearly 20,000 people, most of them Caribbean nationals.
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality,” said Adam Stewart in the announcement carried by PR Newswire. He will remain executive chairman, while the Stewart family retains a stake. The companies say existing reservations and resort operations will continue as usual.
Caribbean News
Pres Ali declares three days of national mourning following MV Barima tragedy July 21, 2026
His Excellency Dr Mohamed Irfaan Ali has declared three days of national mourning following the tragic loss of lives in the M.V. Barima incident, as the nation continues to grieve alongside the families and communities affected.
The period of national mourning will be observed from Wednesday, July 22, through Friday, July 24, 2026, in honour of the victims of the
tragedy. During this time, the National Flag will be flown at half-mast on all Government buildings and other appropriate locations across the country.
As part of the observances, Wednesday, July 22, has been designated a National Day of Prayer. A National Day of Prayer and Remembrance will be held at the Kingston Seawall in Georgetown, bringing together citizens in solidarity to honour the lives lost and offer support to grieving families.
The programme of remembrance will continue with a Night of Reflection and Prayer in Port Kaituma on Thursday, July 23, followed by another observance in Mabaruma on Friday, July 24.
The government is also encouraging religious organisations, civic groups and citizens throughout Guyana to organise candlelight vigils and moments of prayer during the three days as the nation collectively reflects on the tragedy and pays tribute to the victims. The declaration of national mourning underscores the government’s commitment to standing with the bereaved families and affected communities as Guyana mourns one of the country’s most heartbreaking maritime tragedies.
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