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One Trillion Dollars Needed for Climate Crisis; Caribbean calling for Developed Nations to Pay

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By Deandrea Hamilton

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#TheBahamas, August 20, 2022 – Time is running out and the Caribbean, the planet is facing an existential crisis which requires urgent action from the big Carbon emitters; that action involves cutting back and according to negotiators at the table, it is also means cutting cheques.

When four regional prime ministers hosted a finale press conference at the close of the Caribbean Regional Heads of Government Meeting in Nassau, Bahamas on Wednesday August 17, the message was clear and consistent, pointing to a compelling case being built for small islands of the Caribbean to demand hassle-free access and assurances to climate financing.

“Clearly we are at the front lines of the existential issue that climate change presents for us on a daily basis and at certain times of the year,” said Dakon Mitchell, Prime Minister of Grenada, who added, “I think the issue of climate change has gone beyond a moral issue but a justiciable issue and I think that as islands that have borne the brunt of the proven loss and damage arising from the Green House gases that we are entitled to compensation.”

The Caribbean Regional Heads of Government Meeting in Preparation of COP27 hosted by the Commonwealth of The Bahamas was described as an idea whose time had come.  The event, staged at the Baha Mar Resort was praised for amalgamating the forces of the region in a two-day caucus which will birth a document articulating the desires, even demands of a region hardest hit by a climate gone haywire.

“I don’t talk about Climate Change, I talk about the Climate Crisis because this is a crisis,” said Mia Mottley, Prime Minister of Barbados, who was among the four prime ministers in the final press conference.

Mottley, globally renowned now for her unapologetic stance on the disparities and inequitable pressures small island states are made to bear, said time is running out for action to save the planet.

“This is not a case of good COP or bad COP, because whether we have a good COP or bad COP this year or next year, it’s still a death sentence and that’s the point. And the arrogance of the developed world in believing there will not be failed societies or extinct species is what literally galls us.”

Mottley reflected on the volcano eruption which caused a near 100 percent evacuation of all people of Montserrat and she remarked, “I’ve never seen a dinosaur yet, so we know that there is something called extinct species as well. And the reality is that we are playing fast and loose with our future.”

The Caribbean country leaders expressed that it is time for the “culprits” to pay up with fair compensation and non-burdensome loans.

“What we really should be seeking to raise is at least a trillion (dollars), but here’s why:  It’s not just that 30 to 40 percent of that should go to climate adaptation, which only governments can spend on, but the rest of it has to go to Sustainable Development Goals (SDGs).”

Quality, free education and accessible, quality health care were cited as among the human development needs which effectively alleviate poverty.

“The developed world accepted that they are the ones who are causing the warming of the environment through their carbon emissions and they also recognized that we in the developing world and we are speaking of the Caribbean in particular are the major victims of their actions and therefore we are entitled to compensation.  They agreed that they would provide us with $100 billion a year; that was 14 years ago in Copenhagen, they promised to make $100 billion dollars available to us so that we could put systems in place to mitigate against the impact of climate change.  This was supposed to have been materialized in 2020, so we recognized, okay we’re in COVID and everyone has been affected so they’ve put it to 2023,” said Roosevelt Skerrit, Prime Minister of Dominica.

Skerritt candidly shared his frustrations about the unfulfilled promises of those developed nations, explaining that currently the dilemma is in mediation and by now, in a real world situation, this matter would have evolved to a court trial with the victims resoundingly winning the case.

“The reality is that we have to get the developed world to live up to the expectations, because if mediation does not work, then you go back to the judge and say well we couldn’t find agreement and therefore we have to go into open court to deliberate on this matter and let there be a decision.

The Keeping 1.5°C Alive movement reminds that it was the Paris Agreement of 2016 when the international community crafted the ambitious pledge to cool down the planet.  Limiting the global average temperature to 1.5 degrees above pre-industrial levels is the goal, but according to the World Meteorological Organization in a May 2022 report, there is a 93 percent  likelihood of the planet exceeding this goal, at least once within the coming five years.

Participating in the two day meeting were representatives from:  Antigua and Barbuda; Anguilla; Barbados; Belize; Bermuda; British Virgin Islands; Cayman; Cuba; Dominica; Dominican Republic; Grenada; Guyana; Haiti; Jamaica; Montserrat; St Kitts and Nevis; St Lucia; St Vincent and the Grenadines; Suriname; Trinidad and Tobago and the Turks and Caicos Islands.

Meeting host, Philip Davis, Prime Minister of The Bahamas pledged, “At COP 27, our voices will be loud, our voices will be heard and I am certain we will come up with a consensus position as to what we would like to do.”

Davis in that final press event admitted to be cautiously optimistic, “My caution is how the wealthier countries, who are the culprits (if I can call them that) of where we are today are prepared to acknowledge their sins, repent and do what is right in all the circumstances.

I am pleased in what has happened here and I am hoping that one of my colleagues will pick up the challenge to host if (Caribbean Regional Heads of Government Meeting) next year, because we need to do this every year until we get the results that we need.”

Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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