Implementation Plan - CDKN Global

DELIVERING TRANSFORMATIONAL CHANGE 2011-213. The Caribbean cannot deliver resilience and create low carbon economies‘without financial and technical assistance. CARICOM countries now havean opportunity to attract climate change finance to support their initiativesto build the resilience of their economies and achieve low carbon climateresilient development through initiatives such as the fast start funds underthe Copenhagen Accords.Partnerships are being developed, for example: the PPCR programme withseveral Caribbean states. The development of a Low-Carbon DevelopmentStrategy has provided Guyana with the road map to guide the sustainabledevelopment of the country during the life of the IP. The signing of theMemorandum of Understanding and the Joint Concept Note with Norwayhas cemented a winwin partnership and will provide financial resourcesof up to US$250 million by 2015 to commence and partially support theimplementation of the LCDS.ACTION: CARICOM member states should develop a region-wide positionon the most effective and equitable funding mechanisms and engagewith donors and IFIs on the basis of country-led needs assessments andprocesses. The Caribbean Development Bank can play an instrumental roleworking with the donors and IFIs to develop a regional funding mechanism.It is recommended that the CCCCC working with the CDB develops a technicalsupport facility to advise regional organisations and national governmentson the funding opportunities, matching projects with funds and preparingfunding applications.Timeline: Within 12 monthsLead: CARICOM Secretariat, national governments, regional organisationsand CDBPartners: Donors and IFIsThe CCCCC is developingpartnerships withdonors and financialinstitutions to buildtechnical capacity onaccessing finance.The AOSIS initiativeSIDS DOCK is anexcellent example of apartnership which willincrease small islandnations’ access to thefinancing, technology,technical assistanceand participationin the global carbonmarket they need totransition to a lowcarbon economy.SIDS DOCK will connectthe energy sector inSIDS with the globalmarket for finance,sustainable energytechnologies and withthe European Union(EU and the UnitedStates (US) carbonmarkets. Estimatesplace the potentialvalue of the US andEU markets betweenUSD 100 to 400 billionannually.27