LECB Caribbean Regional Workshop

A regional workshop entitled “Low-Emission Capacity Building (LECB) Programme - Engaging the Private Sector to Contribute to Climate Change - Latin America and the Caribbean Regional Workshop” was held in Santiago, Chile during the period May 14-16, 2014.

The Government of the Republic of Trinidad and Tobago was represented at the Workshop by Ms. Sindy Singh, Environmental Policy and Planning Division,  Ministry of the Environment and Water Resources (MEWR) and Mr. Ryan Assiu, Environmental Management Authority (EMA). 

 

The Workshop aimed to build capacities to design and implement Low Emission Development through national mitigation actions in public and/ or private sectors among LECB participating countries in the Latin  America and Caribbean region. The workshop had four objectives: 

• Initiate a public-private dialogue on stimulating involvement of the private sector in climate change mitigation; 
•  Discuss experiences in private sector participation on mitigation activities and Nationally Appropriate Mitigation Actions (NAMAs); 
•  Engage various actors in a discussion on policy objectives and  innovative approaches to support mitigation activities and  NAMAs; 
•  Exchange lessons learned on improving market conditions to enhance private investment.

 

Ms. Sindy Singh (MEWR) at the LECB - Latin America and the Caribbean Regional Workshop (May 14 –16, 2014).

Overall, it was concluded that there is a significant need to leverage private sector finance for climate change mitigation as public sector funds are not sufficient for the required levels of greenhouse gas abatement to avoid the dangerous anthropogenic climate change as committed to in the United Nations Framework Convention on Climate Change.  Therefore, in order to leverage such funds, it was decided that there was a need for appropriate policy and regulatory frameworks, incentives and measurement, reporting and verification systems for the implementation of NAMAs.