Taiwan Supports Saint Lucia's 2022 Nationally Determined Contribution Finance Initiative

Tuesday, April 12, 2022

by Ministry of Sustainable Development

TAIWAN PRESENTED THE EC$30,000 CHEQUE TOWARD THE CLIMATE ACTION PLATFORM. On Friday, the Embassy of Taiwan presented an EC$30,000.00 cheque to the Department of Sustainable Development to support this year's Nationally Determined Contribution Finance Initiative (NDCFI). Portfolio Minister Hon. Shawn Edward accepted the cheque from Ambassador H.E. Peter Chia-yen Chen, conveying the Government of Saint Lucia's continued appreciation for the cooperation ties between the two governments, and in this instance for the support towards the national and regional efforts to achieve climate ambitions. The Taiwanese government has supported the NDCFI Forum since 2018. A joint initiative of the Organization of Eastern Caribbean States (OECS) Commission and the Government of Saint Lucia, the NDCFI is an open regional platform for climate action, inviting active engagement and contributions from interested countries, development partners, development banks, and private sector stakeholders for the delivery of regional cross-sector and multipartite stakeholder consultations, engagement and exchange processes that support ambitions for climate leadership in the Caribbean and catalyze investments in resilient and low-carbon infrastructure across priority sectors as identified by OECS Member States; learning and support opportunities that address hurdles in the development of investment projects in key sectors and learning and support opportunities that improve access to public and private climate finance. Over the last few years, the NDCFI has built a regional cross-sector and multi-partite stakeholder consultation and engagement process to support ambitions for climate leadership in the OECS region, at the technical and political levels, become a regional platform for learning and support on project preparation and access to finance to accelerate NDC implementation, and solidified fruitful professional relationships among technical public officers in the respective Member States. This year's forum will be held in July, bringing to the fore issues and solutions related to decarbonizing the Eastern Caribbean, exploring ambition and opportunity through cooperation and support.