akash.samaroo@cnc3.co.tt
The Secretary General of the Commonwealth believes many developing nations will not survive unless there is more help for climate financing.
It is why the Commonwealth will be advocating for a new system by which developing nations can equitably access funding to combat climate change.
Speaking exclusively with Guardian Media yesterday at the Hyatt Regency Trinidad, Commonwealth Secretary-General Patricia Scotland underscored how much Caribbean nations suffer from natural disasters which they contribute very little to.
“If you look at the greenhouse gases, 80 per cent has been created by the G20, only five per cent by small island developing states (SIDS) and the least developed countries which have disproportionately felt the burden, if you look at the number of deaths and injuries by climate change, 99 per cent is suffered in the global south and SIDS are the most disadvantaged.”
Scotland said in the aftermath of a natural disaster, developing countries are plunged into further debt as currently many developing states are considered high- or middle-income countries on the basis of gross domestic product (GDP) per capita. This renders them ineligible for concessionary financing on favourable terms. It’s why the Secretary-General wants to use the platform of the Caricom Heads of Government meeting to advocate further for a change to a vulnerability index.
“The whole point of the vulnerability index is to say that it cannot just be the question of how rich you are, or what your GDP is, you have to look at the country’s vulnerability. The countries in our region are innately vulnerable to the climate due to rising sea levels and how prone we are to hurricanes and floods. In the past, they used to say that a country is judged by how much GDP they have and if it’s high they do not need any help, but we know that’s not true. We know that because of our vulnerability, we need to take into account the things that are outside of our control like the direct correlation between climate disasters and national debt.”
The Dominican-born Scotland said it was not a question of if reform can happen, she believes it must happen.
“The architecture is no longer fit for purpose, it was structured under the basis that fiscal rectitude would deliver what was needed for each country, but that’s just not true, because if you look at what most countries are facing, this is exogenous shocks outside of our control.
“When the massive hurricanes hit countries, the hurricane does not ask ‘Are you demonstrating proper fiscal management?’, no they took all the development and threw it into the sea but did not take the debt with it so in order to build back better we need more money, so that old scheme does not work.”
The Commonwealth Secretary-General said she was confident that change is on the horizon as the Caricom region possesses charismatic leaders.
“Our region has powerful advocates, the World is listening to all of us and so our voice isn’t determined by our size and our size enables us to help them to listen. Look at what we did for apartheid, look at what Nelson Mandela said, he thanked the commonwealth secretariat, but he also thanked the Caribbean because it was the Caribbean’s leadership that led to the ending of apartheid. Our history tells us that which we put our minds to, will be delivered.”
