The seventh issue of the news update on climate change of the Caribbean Community Climate Change Centre (CCCCC) highlights the statement delivered by Christiana Figueres, UNFCCC Executive Secretary, stressing the need for the new Green Climate Fund to spur private investment in poorer countries.
5 May 2011: The Caribbean Community Climate Change Centre (CCCCC) has published the seventh issue of its Weekly News Update on Climate Change, featuring international and regional news on climate change-related issues.
The newsletter reports on the first meeting of the Transitional Committee for the design of the Green Climate Fund, which took place from 28-29 April 2011, in Mexico City, Mexico. It highlights the statement by Christiana Figueres, UNFCCC Executive Secretary, in which she stressed the need for the new Green Climate Fund to spur private investment in poorer countries, underlining the importance of private sector investment in ensuring a low carbon future for such countries.
Also on international news, the Weekly Update reports on the statement by the incoming chair of the Alliance of Small Island States (AOSIS), Marlene Moses, the UN Ambassador of Nauru, in which she qualified sea level rise as the “most terrifying” impact of climate change, particularly for low-lying atolls like the Marshall Islands, Kiribati and Tuvalu. She also called for a leader to emerge from the developed world to address the climate crisis, stating that this “leadership crisis” is holding up the multilateral process. The issue also highlights statements by the US and EU envoys that a legally-binding agreement on climate change would not be reached at the 17th session of the Conference of the Parties to the UNFCCC (COP 17) in Durban, South Africa, at the end of 2011.
Regional news contained in the update include: a workshop on climate change research data held in Belize from 27-29 April 2011; and an upcoming regional climate workshop for Latin America and the Caribbean to be hosted by the Adaptation Fund Board in 2011. [Publication: CCCCC 7th Climate News Update]