Nassau – Several Caribbean leaders are gathered in The Bahamas this week for the Regional Meeting to Prepare for the United Nations Climate Change Conference in Egypt in November.
This is a strong showing of leadership on this matter and Prime Minister Philip Davis, who has made the climate change issue a focus of his, is no doubt pleased to be hosting high-level colleagues for the talks.
In so doing, Davis is building on the work previous Bahamian prime ministers have done to raise global awareness on the impact of climate change on Small Island Developing States (SIDS) like The Bahamas.
Almost three years to the day after powerful Category 5 Hurricane Dorian ripped though the northwestern Bahamas, leaving billions of dollars in damage, the island nation Tuesday welcomed delegates from 17 Caribbean countries and international financing institutions to a two-day high-level summit to address the climate crisis.
The historic meeting, hosted by the Bahamas at a resort in Nassau, comes ahead of the United Nations Climate Conference, more commonly referred to as COP 27, in November in Sharm El-Sheikh, Egypt. The goal, said Prime Minister Philip Davis, who lauded the recent passage of the massive climate change bill in the U.S. Congress, is for Caribbean leaders to speak with one voice.
“Our goal is to construct practical financing solutions, ones that help us move forward rather than lead to further indebtedness,” Davis said at an opening press conference. “I remain optimistic about our collective ability to meet the challenge of climate change.”
Davis said while there is no country on earth where the impact of climate change cannot be felt, for small islands and nations like the Bahamas and others in the Caribbean, “the threat is existential. Get unlimited digital access Subscribe now for just $2 for 2 months. CLAIM OFFER “This is the front lines,” he said, citing a report that showed that sea levels rose last year more swiftly in the Caribbean region than anywhere else in the world. The Bahamas and other nations in the Caribbean know they need to rebuild for resiliency and to adapt to the realities of a warming planet, the prime minister added, a task made harder by the impact of a storm like Dorian, which ripped through the country over Labor Day weekend in 2019. “That one storm alone cost our small country billions of dollars,” Davis said. “In fact half our country’s debt can be linked to hurricane damage.”
On the ground, however, many Bahamians do not see the issue as a priority item, notwithstanding the horrific videos that circulated on social media as Hurricane Dorian pounded the Abacos and Grand Bahama in September 2019, and the widespread coverage of its destruction.
For many, cost of living issues are more urgent, as is the case elsewhere.
In April, CBS News reported that with issues like the economy and inflation, crime, and the war in Ukraine weighing most on Americans’ minds, the percentage who think climate change needs to be addressed right now has dipped some since one year ago, but most Americans do think it’s an issue that needs to be addressed now or at least in the next few years.
The European Commission reported on a survey last year that showed that European citizens identify climate change as the single most serious problem facing the world.
Multiple studies have shown that SIDS are particularly vulnerable to the impact of climate change. While these small states contribute least to global warming, they stand to suffer the most.
The International Institute for Sustainable Development noted in March that for SIDS to survive climate change and the COVID-19 pandemic, they need to adopt an integrated approach that
promotes economic diversification, innovative financing instruments, and scaling up the blue economy.
It is a message that Davis and colleagues continue to promote as the need for urgent action by small and large states becomes even more urgent.
Our very survival depends on what is done collectively to address the crisis now.
Last August, a report from the United Nations Intergovernmental Panel on Climate Change (IPCC) warned that human influence has warmed the climate at a rate that is unprecedented in at least the last 2,000 years.
Researchers found that climate change is already affecting every inhabited region across the globe with human influence contributing to many observed changes in weather and climate extremes.
The report projected that in the coming decades climate changes will increase in all regions.
IPCC predicted that coastal areas will see continued sea level rise throughout the 21st Century, contributing to more frequent and severe coastal flooding in low-lying areas and coastal erosion. Extreme sea level events that previously occurred once in 100 years could happen every year by the end of this century.
For SIDS, there are special concerns and interests.
Addressing the climate conference yesterday, Davis stated, “If we advance our interests merely as individual Small Island Developing States, our voices will be dispersed, unable to be heard above louder, wealthier, carbon-producing interests.”
He noted that the Caribbean has been identified as the region with the largest number of indebted countries, due in many cases to borrowing associated with recovery efforts from the impact of climate change.
The prime minister also pointed out that many Caribbean states have already faced challenges in accessing climate-related funds.
“By acting in common cause, we can move with more authority and with greater impact to address legacy issues which have held us back from making meaningful progress,” Davis said.
“… Let us work together to construct a joint solution in respect of climate risk insurance and other climate risk facilities. And let us take practical steps to improve access to climate finance.”
The Bahamas and regional states are wise to strengthen their joint approach in placing the interests of SIDS at the forefront of the global climate agenda.
The urgency of this existential threat cannot be overstated.
US President Donald Trump says it’s Liberation Day in America as he announced his sweeping new tariffs. The new measures took effect at midnight. Since taking office in January, Trump has imposed several of the measures.
US President Donald Trump has announced a 10 percent universal tariff on all imports into the country. This includes Barbadian exports to the American market. According to Mr. Trump, the tariff is in retaliation for the 10 per cent tariff now charged by Jamaica on U.S. imports.
The tariff means American consumers are likely to see an increase in the price of Jamaican goods sold on the U.S. market.
St. Lucia, Trinidad and Tobago, Grenada, Jamaica, The Bahamas, Belize, Suriname, St. Kitts and Antigua are among the Caribbean countries that will also see a 10% tariff applied to their exports.
Nearly 60 countries across the world have been hit with tariffs ranging from 10 per cent to as high as 49 per cent. China, countries in the European Union, Taiwan and Vietnam are among the hardest hit. It’s one of the most sweeping impositions of tariffs in U.S. history.
Trump says the tariffs are aimed at protecting American markets from unfair global trade practices. He’s projecting a resurgence in American manufacturing as a result of the sweeping tariffs.
China’s Xi Jinping tells top global CEOs to use their influence to defend trade
Gathering of senior business leaders in Beijing comes amid rising tensions with US
Xi Jinping has urged global business leaders to work together to protect supply chains at a meeting with a group of executives including Rajesh Subramaniam of FedEx, Ola Källenius of Mercedes-Benz and Georges Elhedery of HSBC.
Amid a deepening trade war with the US, the Chinese leader told the group of more than 40 business leaders, which also included Pascal Soriot of AstraZeneca, Miguel Ángel López Borrego of Thyssenkrupp and Amin Nasser of Saudi Aramco, that foreign business leaders should resist behaviours that “turn back the clock” on history.
“We hope everyone can take a broad and long-term view . . . and not blindly follow actions that disrupt the security and stability of global industrial chains and supply chains, but instead contribute more positive energy and certainty to global development,” Xi told the gathering in Beijing on Friday.
The event at the Great Hall of the People marked the second consecutive year that Xi held a carefully staged meeting with foreign chief executives in the Chinese capital. Last year’s event was held exclusively with US business leaders.
The meeting came at the conclusion of a busy week for Chinese policymakers, who are trying to strengthen relations with international business amid rising tensions with US President Donald Trump’s administration.
China’s premier annual CEO conference, the China Development Forum, was held in Beijing this week, followed by the Boao Forum for Asia in the tropical resort island of Hainan. Beijing is seeking to promote itself as a bastion of stability in global trade in contrast to the US, where Trump has launched successive waves of tariffs on products from aluminium to cars. The president has vowed widespread, reciprocal duties on US trading partners on April 2, threatening further disruption to international trade.
“A few countries are building ‘small yards with high walls’, setting up tariff barriers, and politicising, instrumentalising, weaponising, and over-securitising economic and trade issues,” said Xi, who was accompanied by his foreign, commerce and finance ministers.
He said these actions were forcing companies “to take sides and make choices that go against economic principles”. “This runs counter to the overarching trend of open markets,” he said. He added that foreign enterprises, especially multinational corporations, had “considerable international influence”.
“We hope everyone will . . . resist regressive moves that turn back the clock,” Xi said. “Together, we must safeguard the stability of global industrial and supply chains. “Decoupling and severing ties harms others without benefiting oneself; it leads nowhere.”
US to Negotiate with Regional Governments on Hiring of Cuban Doctors
US special envoy to the Caribbean and Latin America, Mauricio Claver-Carone, says the United States intends to negotiate a mechanism with Caribbean governments regarding the hiring of Cuban doctors.
The US has threatened visa restrictions for nations who benefit from Cuban medical missions. They deem the programme as a form of forced labour and trafficking on the part of the Cuban government.
Several countries in the Caribbean rely heavily on Cuban medical missions to supplement local staff.
The special envoy says the US wants a united voice against human trafficking, in favour of international labour laws. He says they look forward to reaching a deal that allows Caribbean governments to directly hire Cuban doctors.