BVI Is First To Launch Financing Framework For Climate Change Issues

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The Virgin Islands became the first Caribbean Territory and a leader amongst small island states globally in establishing the policy and financing framework needed to address the causes and impacts of climate change.

This milestone was achieved with the passage of the Climate Change Trust Fund Act 2015 in the House of Assembly Tuesday March 24.

Advisor to the Ministry of Natural Resources and Labour, George deBerdt Romilly said that international funds to address climate change issues of small islands are available, but a legal and fiduciary framework would have to be in place for any country or Territory to benefit.

He said, “Commitments of international climate change financing of US$100 billion per year from 2020 have been pledged by industrialised countries under the United Nations Framework Convention on Climate Change.”

Mr. Romilly added that the international community is not providing this climate change financing to recipient countries in the…

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April 1, 2015 · 15:48

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