Tourism Minister Edmund Bartlett has called for the establishment of a Tourism Resilience Fund, which will be the region’s first funding facility specifically designed to assist highly-susceptible tourist destinations in the region.
The call was made in Incheon, South Korea yesterday at the second edition of the Green Climate Fund (GCF) global conference on private investment for climate change.
The minister was speaking on the panel “Raising the bar for private sector Climate Action— Latin America & the Caribbean” at the Green Climate Fund Private investment for climate conference.
The GCF Private Investment for Climate Conference is a global marketplace and ecosystem where leading private sector actors including project sponsors, institutional investors, financial institutions, climate leaders, and the public sector come together to accelerate climate action in developing countries.
Prime Minister Andrew Holness was Keynote speaker at the event, which had representatives from over 200 countries.
The Fund would be designed to help to build capacity to respond to disruptive threats to the region’s economic sustainability, particularly those related to climate change impacts.
The minister’s call for the establishment of this special fund comes against the backdrop of the acute existential threat that environmental disasters, linked to the phenomena of climate change and global warming, have been increasingly posing to Caribbean economies, which are the most tourism-dependent in the world.