Partners in Climate Financing Solution

The fight against climate change is only just beginning, and soon enough we will need to rely on a new generation of environmental leaders...

The Bahamas Prime Minister, Philip Davis’ Remarks at the United Nations Framework Convention on Climate Change

SEPTEMBER 28, 2023

Fellow Heads of State and Ministers, 

Distinguished guests,

Ladies and Gentlemen,

Good morning:

I’ll begin by thanking the people and the government of Grenada for hosting us so graciously; it is wonderful to be here together.

I know we’re all looking forward to building on the progress we made last year in The Bahamas.

It is a source of great encouragement that our region, home to such a beautiful and vast diversity of peoples and languages and societies, can unite on key issues as we confront a new era of climate crisis.

The urgency of our work could not be clearer.

Even in the best-case scenarios – even if the world can make significant progress in reducing fossil fuel emissions (progress that in reality is far from assured) – for the foreseeable future, our region will continue to experience warming oceans, rising waters, and more intense hurricanes.

Since the start of the Industrial Revolution, more than a trillion tons of carbon dioxide have been released into our earth’s atmosphere.

Try as they might to skirt around the issue, the industrialized North will need to make the most sizable adjustments.  It is, after all, their development which has brought us to this point.

We must call on our partners in the North to deliver on the commitment they made at COP15 in Copenhagen, to mobilise US$100 billion per year by 2021.  This is the very same goal, which was reiterated at COP21 in Paris, and extended to 2025.

To date, they have yet to reach this target.

My friends, it makes no sense shooting arrows at new targets, when the bullseye of two decades before has yet to be hit.

As COP28 approaches, it is crucial that we, the developing countries on the frontlines of the climate crisis, hold the developed world to account.  Whether they honour their commitments could mean the difference between a mere disturbance and another Dorian – that devastating Category 5 super storm, the likes of which my country had never seen and is still recovering from.

To further the interests of the Caribbean, which are much the same as small island developing states (SIDS) in the Pacific and Indian Oceans, we must speak as one region, united by clear ideas and a common purpose.  We may operate in different geopolitical contexts, but we all lie in the same hurricane alley, we all rely, to a certain extent, on the tourist economy, and we all share common strands of a beautiful island culture under threat.

Let us use this occasion to marry our voices, to make ourselves heard.

I pushed for this regular meeting on the UN calendar because I strongly believe that the Caribbean can accomplish anything it sets its mind to.

I grew up on a small island in The Bahamas that is big on community.  It was the kind of tight knit place where even your neighbours felt like family, and that is exactly how I feel about all of you.

My brothers and sisters, ours is a common heritage, and a shared future.  Let us use this forum to identify our priorities, focus our efforts, and fight for a sustainable future.   A future in which the months from June to November do not spell certain doom for the countries of the Caribbean.

Key to a future in which our region flourishes will be our sustained commitment to seeing a loss and damage fund come to full fruition.  The adoption of this fund at COP27 was a remarkable achievement of Caribbean solidarity, one which we cannot afford to let fall by the wayside.

The time has come to double down on our efforts.  To tell these developed nations to “write the cheque”, as they have kicked the can down the road for far too long.  We cannot leave COP28 without the first pledge for funding identified.  This is no minor undertaking.  But if they are the big tree, we are the small axe!

And just as we hold the developed world to account, so too must we take active strides to enhance our own climate resilience.

Last week, I travelled to New York to take part in the Clinton Global Initiative, a community of doers committed to addressing the most pressing issues of our time.  At that forum, I was pleased to announce a new initiative, The Bahamas Sustainable Investment Programme or “BSIP” – a three-year economic and investment programme that is aligned with our Paris Agreement pledges and the UN Sustainable Development Goals.

If The Bahamas, or indeed the Caribbean, is to succeed, we cannot be passive actors.  We must find our own solutions.  With this programme, we are spearheading our own climate financing solution, and we invite the region, and the world, to partner with us.

Much like the Bridgetown Initiative, this is about more than just expanding access to funding, it’s about developing a practical pathway to climate justice and global equity.

It goes without saying that the present international financial process is unsustainable.  I would go as far as to call it egregious.  As SIDS, we are grappling with colossal impacts of a climate crisis we did not precipitate.  We are shouldering disproportionate debt burdens.  In some cases, such as in The Bahamas, climate change-related debt amounts to over half of total GDP.  This is not only an enormous figure, it is an unjust figure.

International financial institutions need to be overhauled to deliver on a fit-for-purpose approach to lending due to loss and damage from climate impacts.  These institutions, in tandem with International Multilateral Development Banks, must re-evaluate their purpose, approach, and objectives when dealing with SIDS.  An appropriately weighted, multidimensional vulnerability index must be adopted, if access to concessional development finance is to be made available to the states which need it most.

Despite the daunting task ahead of us, I do believe we can get it done.  I do believe our region is on the cusp of an exodus – a journey out of vulnerability, and into resilience.

Fundamental to this quest will be our ability to engage and empower our youth.  For the Caribbean to go from strength to strength, we must edify, uplift, and enlist the assistance of our youth.  The fight against climate change is only just beginning, and soon enough we will need to rely on a new generation of environmental leaders.

If the youth of our region are to blaze trails, we must first light a fire inside them.  So let us welcome the next generation into the fold.  Let us harness their fresh perspectives and critical agility, as we embark on a path toward greater Caribbean resilience.

Brothers and sisters, I look forward to witnessing the outcomes of this important meeting, and I applaud the incoming Chair, Grenadian Prime Minister Dickon Mitchell, for taking up the mantle.  The resolutions we establish today will surely be critical in safeguarding our shared tomorrow. 

Thank you, and may God bless you all.

Source

Assembly of the Peoples of the Caribbean Calls for Caribbean Solidarity

The Caribbean Meeting of Solidarity with Cuba denounces the intensification of the blockade and the destabilizing actions of the United States against Cuba, as well as the ratification that the island has not been and is not alone in its struggle of more than 60 years

Cuba will never fail his brother peoples

Caribbean voices demanded the elimination of the U.S. blockade against the island

By Eduardo Palomares Calderón | palomares@granma.cu

Santiago de Cuba– The denunciation of the intensification of the blockade and the destabilizing actions of the United States against Cuba, as well as the ratification that the island has not been and is not alone in its struggle of more than 60 years, stand out in the final declaration of the Caribbean Meeting of Solidarity with Cuba, in the framework of the 9th Assembly of the Peoples of the Caribbean, which was held in this city.

The text proposes the formation of an anti-imperialist united front to respond quickly and forcefully to any action against Cuba or other peoples of the continent.

It also calls for a Caribbean solidarity event next year in Santiago de Cuba, in salute to the 70th anniversary of the Moncada heroic deed and the 50th anniversary of the constitution of Caricom.  It conveys its solidarity support to the Haitian people in the solution of its internal problems, and to the struggle of Puerto Rico for its full independence.

Danniel Sanó, in his message on behalf of Haiti, called for the development of concrete actions to prevent the imperium's attempts to asphyxiate the Island and assured that raising that flag for the Cuban Revolution is to raise, at the same time, the flag of hope of the oppressed peoples to be truly free, like Fidel's Cuba.

The Hero of the Republic of Cuba and president of the Cuban Institute of Friendship with the Peoples, Fernando Gonzalez Llort, thanked the support for the strengthening of the network of solidarity with Cuba, and affirmed that this island will never fail its brother peoples of the region.

Also present at the Salón de los Vitrales, in the Plaza Mayor General Antonio Maceo, was Ángel Arzuaga Reyes, vice chief and coordinator of the Department of International Relations of the Central Committee of the Party.

Source

Venezuela's deadly pact with Latin American and Caribbean states

By Rebecca Theodore


Beware! The manipulative game of bartering oil for social welfare and aid to solve the economic woes of many Latin American and Caribbean states by Venezuela’s despot Hugo Chavez lingers.

Despite original predictions of its unsustainability, the Bolivarian Alternative for the Americas (ALBA) is quickly spreading throughout the region like wildfire, leaving in its wake a voice that cries out loud against reason and a political movement that tears the commercial veil of the Caribbean, Latin America, and the US asunder, being pulled and tossed in directions unknown by ideologically contrasting powers.

As games rely on the technical representation of an idea that either player can manipulate to victory, the allure for cheap oil for many Latin American and Caribbean countries now see them turning their backs on the US, choosing instead to associate themselves with governments overtly committed to building socialism. Faced with serious balance-of-payment problems, the bait entangled in a form of economic integration is appealing.

Thus, in their bold attempts for economic recovery and in choosing to align with Chavez, Latin American and Caribbean states are also lamenting the fact that Washington only supports democracy if and only if it contributes to their strategic and economic interests.

While assenting factors advocate that ALBA focuses on social cooperation and the use of economic growth to solve the people's problems, including unemployment and illiteracy, opponents on the other hand argue that this leftist trade bloc, funded by Venezuelan oil money and Cuban and Bolivarian ideology is nothing but a front for a broader socialist and anti-American agenda in Latin America and the Caribbean.

Deemed a destabilizing effect on the Caribbean Community (CARICOM) by Jamaica’s Prime Minister Bruce Golding from its infancy, the socialist movement (ALBA) is spreading across the region like a deadly epidemic, with countries such as Nicaragua, Ecuador, Honduras, St Vincent and the Grenadines, Haiti, Dominica, Antigua and Barbuda, Guatemala, Mexico, Belize, and the Dominican Republic signing up as innocent lambs to the slaughter.

There is no doubt that this move yields ominous concerns, as dependence on foreign direct investment and tourism as a major propellant of development is curtailed. Concerns that the old order of power in Latin America and the Caribbean may also be permanently threatened.

As a lion disguised in sheep’s clothing, it must be seen that ALBA’s repute as an economic alliance for Latin American and Caribbean solidarity is only based on Chavez’s ideological hallucination -- an ideology that is not only masked in vengeance and hatred against the US to undermine the Free Trade Area of the Americas (FTAA) but also one that transgresses the practice of international law and bestows on Chavez the attention which he no doubt desperately craves in world politics.

Proposal for a joint ALBA military force by Venezuela and Nicaragua to replace the Inter-American Defense Board joint military aid, as well as intelligence and counterintelligence cooperation to combat the illusive terrorism and permanent aggression threat by the United States continues to be the theme of Chavez’s inflated rhetoric.

As more and more Latin American and Caribbean countries are depositing agreed amounts of their respective national currencies into a special SUCRE (Single Regional Compensation System) fund, it seems the SUCRE is rapidly replacing the US dollar as a medium of exchange with a Regional Monetary Council, and a Central Clearing House, hence decreasing US control of Latin American and Caribbean economies and fortifying Chavez’s long time insane ambition of the SUCRE becoming an international reserve currency much like the euro.

While the US sits idly by, choosing instead to label it an ‘oil conspiracy’, ignoring the Monroe Doctrine approach, which regarded the Caribbean as its backyard, emboldening its neighbours and internal groups to challenge its sovereignty, a new form of 21st century socialism now governs the economic and political policies of Latin America and the Caribbean.

It is a dramatic development, a difficult encounter and a concern of gigantic historical and commercial proportions.

March 17, 2011

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