CARIBBEAN CLIMATE COALITION PROVIDES KEY STEP TOWARDS PROTECTING REGION’S UNIQUE CULTURE
Arlington, VA | December 12, 2017
The Nature Conservancy is very encouraged by the strong global signal sent today at the One Planet Summit in Paris. One initiative worthy of highlight is the signing of the Charter of the Caribbean Climate Coalition, a critical step to inject new solutions into global climate action by adopting novel approaches to make the Caribbean the world’s first climate-smart zone.
Luis Solorzano, Executive Director of The Nature Conservancy’s Caribbean Division said, “The Nature Conservancy is proud to be a partner in this ambitious and essential collaboration. We pledge to bring our more than 65 years of global science, effective policy work and financial innovations around nature’s role in protecting and restoring coastlines, improving fisheries, providing clear air and clean water, and increasing resilience for climate-vulnerable economies.
“Caribbean culture is firmly tied to the ocean and coasts and many communities depend on their natural resources. In response to the devastating impacts of this past Atlantic hurricane season in the region, we will bring our expertise to restore and protect these ecosystems. In addition, we will work to convert significant island sovereign debt to finance investment in marine conservation and nature-based climate adaptation.
“The Nature Conservancy, working with Caribbean governments, multi- and bi-laterals, creditors, donors and other parties, would endeavor to restructure up to $1 billion of sovereign debt, to create cash flow for investment in the Blue Economy, specifically for the completion of marine spatial plans, the restoration and improved management of marine and coastal resources, and ecosystem-based adaptation to climate change.
The goal of the One Planet Summit is to identify and implement tangible solutions and mobilize public and private funding to enable large-scale deployment – including in the most vulnerable countries. The Nature Conservancy has a long history of helping address the climate challenge by innovating through scientific models, testing pilots in the most relevant geographies, scaling those solutions up through policy at the international and federal levels, and financing solutions with key public and private institutions. We look forward to playing a role in the Caribbean Climate Coalition as well as other key initiatives put forth in Paris this week.”
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.