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| Dr Roodal Moonilal chats with member of the T&T delegation in Cancun, Mexico |
Environment Minister Dr Roodal Moonilal is leading the Trinidad and Tobago delegation to the conference in Cancun, Mexico.
The initiative called SIDS DOCK was developed to provide a Docking Station facility to provide island states with easier access to financing, technology, technical assistance, and to participate in the global carbon market.
The Government of Denmark, the first developed country to provide support to the facility under the Copenhagen Accord Fast Start mechanism, has pledged about US$14.5 million in 2011.
Grenada’s Prime Minister Tillman Thomas, who signed the agreement in his capacity as chair of the Alliance of Small Island States (AOSIS), pointed out that the global community needs to urgently transform the energy sector in order to reduce greenhouse gases (GHG) emission.
"Failure to bring about a transformation of the energy sector to GHG emission below 1990 levels within the next decade will see the end of many small island states as viable countries, and many will disappear into the oceans, while others will be significantly reduced in size losing their major economic assets," said Prime Minister Thomas.
"We are doing our share and moving towards clean energy and challenge all countries to take bigger steps towards energy efficiency,” he added.
The World Bank and the United Nations Development Programme will provide technical support for the SIDS DOCK initiative.
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