Green Climate Fund Agreement bolsters Antigua and Barbuda’s ability to weather climate disaster

NEW YORK, NY – USA – 28 September, 2018…….  Prime Minister the Honourable Gaston Browne today signed an accreditation master agreement with the Green Climate Fund, as the final step in the accreditation process on behalf of Department of Environment. This milestone unlocks opportunities for the continued strengthening of the climate resilience agenda of Antigua and Barbuda.

The Accreditation Master Agreement
provides a framework for the country’s direct access to climate finance from
the Green Climate Fund to implement projects. There is an access of up to 10
million dollars’ worth of projects in the pipeline for Antigua and Barbuda.

Antigua and Barbuda’s Department of Environment, a direct access Accredited Entity, received Board approval
from the Fund for a multi-country
project to better prepare homes, businesses and infrastructure to
withstand category 5 hurricanes akin to those that ripped through the Caribbean
last year and decimated Barbuda.

Prime Minister Browne
remarks “This is a milestone to be celebrated by everyone in Antigua and
Barbuda. Our local private sector and community groups are going to benefit
from GCF’s climate funds; we will be measuring the success of our first
Enhancing Direct Access pilot project by how efficiently we can reach
vulnerable people and give them the tools and funds to better cope with climate
change.”

“It’s been a
significant investment, but I am pleased that Antigua and Barbuda’s Department
of Environment will be the first national public institution in the Caribbean
to be accredited to the Green Climate Fund. I hope this shows other small
island states that it can be done. Antigua and Barbuda will continue to drive
paradigm-shifting approaches to cope with climate change, because we must
prepare for this reality.”

While many Caribbean
countries continue to rebuild after the devastating 2017 storms, GCF Deputy
Executive Director Javier Manzanares highlighted the importance of climate
finance in safeguarding for future disasters.

“GCF is supporting
the efforts of SIDS – both in the Caribbean and other parts of the world – to
adopt integrated approaches which enhance the climate resilience of ecosystems
and infrastructure,” he said. “This will improve the ability of societies to
deal with both the rapid onset of weather disasters and with slower-moving
climate effects.”

GCF will take a
stocktake of its ongoing efforts to assist regional climate action during its Structured Dialogue with the
Caribbean in Grenada on 6 to 9 November. Grenada has joined
Antigua and Barbuda, together with GCF, to develop a regional proposal to
manage Caribbean climate and disaster risks.

The Executive
Director, Javier Manzanares, during the signing ceremony congratulated Antigua
and Barbuda in its ongoing efforts in assisting other CARICOM countries in
gaining access to the Green Climate Fund. (Ends)