Latest News

Jamaica receives US$300,000 grant from UN Green Climate Fund

Tuesday, October 17, 2017

Print this page Email A Friend!


KINGSTON, Jamaica (JIS) — Jamaica has received a US$300,000 grant from the United Nations (UN) Green Climate Fund (GCF) to strengthen the island's capacity to develop and implement strategies to respond to climate change.

The funds will allow for engagement of consultants in climate and development finance to provide technical support to the Ministry of Economic Growth and Job Creation's Climate Change Division in the development of a country programme for engagement with the GCF.

It will also promote the fund and the priorities and financing options to stakeholders, including the private sector.

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz, said that another US$580,000 grant has been approved for Jamaica, which will be used to crowd in the private sector to strengthen their capacity in accessing GCF resources for climate change action. This second grant, he said, will be signed in short order.

The minister was addressing a signing ceremony for the first grant at the Office of the Prime Minister in St Andrew today.

He informed that the Government is in the process of having the Development Bank of Jamaica (DBJ) accredited as a national implementing entity, where it will forge partnership with the GCF to undertake projects, guided by the Fund's framework and the country's priorities.

Vaz said the support from the GCF can be considered as the first step on a journey towards the financing of other projects.

He urged private-sector and non-government organisations (NGOs) “to submit your concept notes to us, and we will get the GCF to look at them. If they meet the criteria, we will ensure that the projects get support”.

Meanwhile, Permanent Secretary in the Office of the Prime Minister, Audrey Sewell, said the GCF grant, provided under the entity's readiness facility, will put the country in the best position to take advantage of the offerings of the Fund's larger funding ability.

She said it will ensure that “priority areas are aligned through a streamlined plan, and that funding proposals are consistent with national intended outcomes”.

Vaz, Sewell, and Principal Director in the Climate Change Division, Una May Gordon, signed for the grant.

ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT