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2nd Caribbean Green Economy Conference

03 Feb, 2015

The Government of Jamaica, partnering with UWI Consulting Inc. and the United Nations Environment Programme (UNEP), and with financial assistance from the European Union, will be hosting the 2nd Caribbean Green Economy Conference on February 23-24, 2015 at the Jamaica Pegasus Hotel.

The Conference will bring together policymakers, civil society, academia and the private sector to discuss cross-fertilization of ideas, experiences and institutional innovations to transition to a green economy at the national and regional levels and how these efforts can help in implementing the SIDS Accelerated Modalities of Action (SAMOA) Pathway–of 3rd International Small Island Developing States (SIDS) Conference.

Realizing both the environmental and economic opportunities which can be derived from pursuing greener policies, many Caribbean SIDS have innovated policies and practices that allow them to better manage the ecological foundation of their economies. These islands are showing a renewed commitment to creating and investing in a greener economy, that positions them for growth and enhanced stewardship of their natural resources and wealth.

Currently, Jamaica and St. Lucia are implementing Green Economy Projects under the regional project: “Advancing Caribbean States’ Sustainable Development through Green Economy”. The overall objective of these projects is the development and promotion of national green economy approaches to poverty eradication and economic growth- it is expected to evaluate and recommend optimal public and private sector policies and measures that can help achieve the national objectives of income growth, economic development and job creation, whilst contributing to social progress and environmental improvement and undertaking a macroeconomic assessment of their impact.

Current trends, however, show that the transition to an inclusive green economy requires further investments, enabling policy environment and stronger role of private sector to sustain and stimulate “greening” measures. Although the implementation of sustainable development policies depends primarily on national action and leadership of SIDS themselves, the required changes at the international level need collective action by all states and stakeholders. Broad partnerships could play an important role in supporting development and implementation of domestic policy reform.

The Conference will create a platform to discuss varying issues related to the green economy, including:

  • Impacts of policies and initiatives that Caribbean countries have taken for achieving their development goals through green economy
    • Macroeconomic and fiscal policy measure
    • Sectoral policies and projects
    • Business sector initiatives
    • Public and private Investment
  • How to create enabling conditions for scaling up green economy measure
    • Finance and investment
    • Development, access and transfer of clean technology
    • Tariffs and trade policy
    • Taxation, incentives and fiscal reform
    • Standards and regulations
    • Governance and political commitment
  • Implementing SAMOA Pathway through Green Economy
    • Capacity building for Green Economy
    • Mobilizing investments and bilateral aid
    • Developing enabling policies
    • Demonstration projects
    • Platform for SIDS-SIDS cooperation on Green Economy

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