Climate change is at the heart of the agenda of the 9th Summit of the Americas

Los Angeles, California. Thu Jun
9, 2022
Climate change and the realities
steadily rising global temperatures are
currently a hot topic
discussions at the 9th Summit of the
Americas set in Los Angeles.
Today the Prime Minister of Belize, Hon,
John Briceno, held a meeting with the leaders
of CARICOM and Latin America which
met with the Canadian President
Justin Trudeau. According to a
Facebook message from PM Briceno, during
the meeting, he explained a bit
Blue Bond debt for conservation
exchange initiative in Belize.
“I explained our Blue Bond initiative
as Belize’s response to the debt and fiscal situation
responsible management and
innovative action against climate change. Belize
does its part and develops it
countries need to step up and do their
sharing while pressuring others to do the same,”
Prime Minister Briceno said in his
Facebook post today. When he was
interviewed yesterday he did the same
point – to tell the developed countries that
simple access to loans to meet the
various crises will no longer suffice.
“Climate change is a clear and present problem
danger for Belize and the Caribbean. The
climate change issues that have been
caused by developed countries like
the United States…” the prime minister said. He
added: “We continue to put
pressure on developed countries such as
United States, Canada and Mexico, to
be able to do more work to reduce
Key to Climate Change at the 9th Summit
of the Americas agenda
broadcast that causes the Earth to get
warmer, because we are facing the
consequences.”
He said that recognition of this problem
should be followed by discussions on
the accompanying problem: access to
funding.
“We cannot continue to finance our
out of crisis. The pandemic is a
good example. We borrowed a lot
money in the region, Belize, and by
when we entered the government, it was
already at 133% of GDP. Janet Yellen,
the Secretary of the Treasury, and
Blinken, the Secretary of State, sent
a letter to the Caribbean. Admittedly, I have
a letter where they said they are
ready to work with the World Bank,
the IDB and other IFIs to facilitate
countries like ours to access financing at
lower interest rates whenever we are
in the face of these crises, but for us, it’s more
only that. We can’t keep borrowing
get out of these crises. I believe
than the United States and developed
countries have a moral responsibility to
countries like us; they are the ones who
caused this problem. We do
our part, we protect our forest,
we protect our ocean space, we
do more than themselves, so
they should now be able to give us
the money so that we can continue to
do the work, do the adaptation
changes that need to be made…”, the
PM pointed out.
Speaking of addressing the
climate crisis, President Joe Biden,
during his speech at the inauguration
summit ceremony, said: “When I
hear “climate”, I think jobs – well paid,
quality jobs that will help
accelerate our transition — to a green
the economy of the future and liberate
sustainable growth; development jobs
and deploy clean energy; jobs in
decarbonize the economy; jobs in
protect the biodiversity of our
hemisphere; jobs that will give dignity
to be able to feed his family, give
your children a better life, and consider
a future of possibilities.
Projects aimed at achieving this objective
include renewable energy in Latina
America and Caribbean Initiative,
which seeks to accelerate the transition
to clean energy in LAC. The major goal

is to achieve 70% renewable energy
across the region by 2030.
During his official address today at
the summit, Prime Minister Briceno
said: “The action must include the Paris
2030 delivery schedule. We demand firm
plans for developed countries
emission reduction targets in line with
the 1.5 degrees centigrade of Paris
Temperature Goal Agreement, a plan for
scale up climate finance beyond
floor of 100 billion US dollars per year
until 2025, and doubling of
adaptation finance.
“Today Vice President Harris
announced the US-Caribbean
Partnership to fight the climate
Crisis 2030 (PACC 2030). CCAP 2030
is the new Biden-Harris administration
initiative involving new commitments
to — and integration of — climate
adaptation and resilience and cleanliness
energy programs across the Caribbean
Region.” A statement from the White
Noted house.
The general objectives are
Strengthen energy security and
Promote climate adaptation and
Resilience, with four pillars intended to
convey these objectives; these include:
Improve access to development
Funding, Project Facilitation
Development and Investment,
Improve local capacity building, and
Deepen collaboration with
Caribbean Partners.
Harris made the announcement in the
Key to climate change on the 9th
Summit of the Americas Agenda
Continuation of„Page 3 presence of CARICOM Heads of State
today. The first pillar concerns access
to financing.
“Recognizing that access to
funding is essential to achieve
the region’s climate and clean energy
objectives, PACC 2030 will work towards
extend existing access to the project
funding and unlocking new funding
climate support mechanisms and
clean energy infrastructure development
In the region. Key actions under this
pillar will include the increase in the United States
International Development Funding
Corporate Financing (DFC) for
climate and clean energy projects
underserved Caribbean countries, such as
as well as collaboration with multilateral organizations
development banks (MDBs) and
multilateral climate and environmental
trust funds to improve policy
environment and unlock access to
additional infrastructure funding,
the Caribbean.” The declaration of the
The White House is portrayed explaining
the first pillar.
CARICOM Secretary General, Carla
Barnett in his remarks after Harris’
address said: “We are therefore happy
to have this conversation, we are aware
that our own public sector
constraints limit the extent to which our
governments can fund a transition to
renewable and therefore
committing to provide sources of
funding that our private sector can
access is really, really important.
We will have more on the PACC
2030 initiative in an upcoming issue.

Teresa H. Sadler