The news has not provided much hope in recent years regarding the welfair of Earths residents concerning Climate Change. News of the Planet hitting the symbolic threshold of 400 ppm makes Climate Change feel ever more real. Reaching 400 parts per million (ppm) will mean generations to come will not see this number to fall within their lifetime.
In 2015, for the first time, CO2 levels in the atmosphere were at 400
However, in the wake of these disturbing truths, the Small Island Developing States (SIDS) met on the 5
Two panels discussed, how islands can serve as resilience “incubators,” and what other countries can learn from them about adaptation and dealing with climate risk.
In the opening session, Angus Friday, Grenada’s ambassador to the US and former Head of the Alliance Of Small Island States (AOSIS), highlighted that much work has already been done on the “soft” aspects of institutional capacity and institution building, including stakeholder engagement, communication and public awareness. He noted, however, that many homes in his country are not hurricane-proof, in the way that homes are in some of the wealthier SIDS. He added that damage for Hurricane Ivan had amounted to 200% of Grenada’s GDP and destroyed 90% of homes, and that there is “a bricks-and-mortar element” to managing climate risk.
Friday suggested that countries’ Intended Nationally Determined Contributions (INDCs) under the Paris Agreement on climate change could be the starting point for resilience building measures that promote economic opportunities – for example, through investments in renewable energy that can alleviate the high amount that SIDS households currently spend on electricity powered by imported fossil fuels. He also emphasized the possibility of using public sector funds to leverage private sector investments, highlighting Grenada’s development of a prospectus for international investors on potential investments in tourism, fisheries and projects that will build natural capital.
Multilateral discussions of Climate Change, resilience building and the Sustainable Development Goals (SDGs) inevitably centre round financing. Attention was drawn to the way that SIDS in the African region are using debt-for adaptation swaps to raise financing for marine protected areas (MPAs). Many SIDS encompass far more ocean territory than land and therefore should invest in marine spatial planning to ensure the sustainable development of marine areas surrounding MPAs.
An example would be Seychelles ongoing cooperation with The Nature Conservancy and the World Bank, and its work on issuing ‘blue bonds’ to support sustainable fisheries. Seychelles and Mauritius will be supporting Oceans Day at COP22, they will play a leading role in promoting African countries’ involvement in strengthening ocean resilience.