CASTRIES, St Lucia, Feb 28 (IPS) – As developing countries urgently seek new sources of financing to cope with problems linked to climate change, delegates from the nine-nation Organisation of Eastern Caribbean States (OECS) met here last week to evaluate potential funds and outline a more concrete vision of what is required for the subregion.“The workshop sought to raise awareness and share experiences on instruments and best practices related to financing adaptation and sustainable energy, and to generate feedback on planned future action and partnerships,” Keith Nichols, head of the Sustainable Development Division at the St. Lucia-based OECS Secretariat, told IPS.
Supported by the World Bank, it explored carbon financing opportunities to enhance the ability of Small Island Developing States (SIDS) such as those of the OECS to respond to challenges like sea level rise and coastal erosion.
“The pursuit of a green growth agenda which promotes co-benefits in climate adaptation and mitigation, and which supports scaling-up of renewable energy and other economic resilience-building programmes, served as the vision on which this workshop was initiated,” Nichols added.
Delegates discussed case studies on sustainable land management for climate variability and climate change; adaptation challenges in the coastal and marine sectors; climate change adaptation and disaster risk reduction in the OECS; as well as an adaptation finance case study from the Pacific region. More