Mandeville Weekly News

$2 BILLION ALLOCATED FOR CLIMATE-RESILIENCE PROJECT

Posted by SR (riley) on Mar 29 2017 at 5:37 PM
Mandeville Weekly News >>

Some US$17.5 million has been allocated to the Adaptation Programme and Financing Mechanism (AP&FM) project, one of five projects falling under the Pilot Programme for Climate Resilience (PPCR) in Jamaica.Funded by the Inter-American Development Bank (IDB), the project represents the kind of partnership the Government believes is necessary for the achievement of economic growth and development of the country.

Delivering the keynote address at the launch held in Frankfield, Clarendon, on March 23, Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Daryl Vaz, noted that the amount to be allotted for climate-change issues is US$8 million, or approximately J$1billion. Minister Vaz, who has responsibility for Land, Environment, Climate Change and Investment, said the project is critical because the impact of climate change will affect everyone, no matter where they live or work.  “In particular, the lives and livelihoods of the poorest and most vulnerable among us in society, including our rural residents, will be affected,” he said and further noted that several key sectors in the economy would also be affected, including agriculture, tourism, fisheries and water. 

“The AP&FM project is giving a well-needed boost to these sectors, so that they may withstand the impacts of climate change by providing financial support for adaptation measures,” the Minister told the gathering of farmers, students and community residents, pointing out that farmers and other stakeholders would be able to access loans for as low as four per cent interest.  
 The Minister urged the Project Manager and other agencies to promote the project’s offerings through education campaigns, so that all citizens would know how to access these funds.  “The aspects of this project that deal with financing will assist the private sector and local-level groups with funding on projects through competitive loans and grant funds,” he said.
 Minister Vaz said that key persons, known as climate-change focal points, have been appointed across all Ministries who, along with policymakers, would be trained to build climate-change measures into their policies, strategies, plans, projects and programmes.  “We intend to create a similar climate-change focal point network of persons at the Local Government level to increase our response to climate-change adaptation, but we will also be ensuring that their priorities inform policies, programmes and plans at the national level,” he noted.

Emphasising the importance of promoting public-private partnerships, the Minister also informed that the Climate Change Adaptation Line of Credit (CCALoC) would provide loan financing to support adaptation measures for micro, small and medium-sized enterprises (MSMEs), mainly in the agricultural and tourism sectors.These loans would be managed by the JN Small Business Loans Limited.  Additionally, grant funding for climate-change adaptation and disaster risk-reduction projects would also be available through the Special Climate Change Adaptation Fund (SCCAF). This is being administered through the Environmental Foundation of Jamaica (EFJ). 

The Adaptation Programme and Financing Mechanism project has three components, the main one being the implementation of adaptation measures in the upper Rio Minho area, including Thompson Town, Crooked River, Spaldings, Aenon Town, Rock River, Lionel Town and Kellits. It is expected that, under the project, some 1,800 check dams will be constructed, 250 communal rainwater harvesting systems installed, three rainwater ponds rehabilitated, five aquaponics systems established and operating, three greenhouses/shade houses established and operating, the post-harvest storage and processing facility at Morgan’s Pass rehabilitated and 6,400 metres of live barriers will be established.

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