Barbados can be a beacon for the region – if it avoids some of its neighbours’ mistakes | Kenneth Mohammed

The Caribbean’s newest republic must avoid the corruption that has hampered Trinidad and Tobago and use its presidency to ensure good governance

The charismatic prime minister of Barbados, Mia Mottley, elevated her country’s status in the world with her stinging speech at Cop26 in Glasgow last month. This speech resonated throughout the West Indies, a region that has largely been devoid of a strong leader to give these vulnerable small island developing states (SIDS) a voice in the climate crisis debate. The survival of SIDS such as Barbados depends on the finance to invest in measures to limit the global temperature rise to 1.5C, which was the Paris agreement’s main objective.

Mottley called on all leaders of developed countries to step up their efforts as she outlined a solution embodied in flexible development finance. First, create a loss and damage fund made up of 1% of revenues from fossil fuels (which she estimated would amount to about $70bn, or £50bn, a year), accessible only to countries that have suffered a climate disaster and loss of 5% of their economy.

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from The Guardian https://ift.tt/3m2XYAd