The coalition behind the accelerator has grown to 26 countries, covering a region of one million square miles
A ground-breaking partnership to support the Caribbean’s ambition to become the world’s first ‘climate-smart zone’ has been launched. The Climate-Smart Accelerator is backed by a coalition of 26 countries, covering a region of one million square miles and more than 40 million people, as well as over 40 private and public sector organisations.
The coalition will implement climate solutions for resilience, renewable energy, development of sustainable cities, oceans and transportation. As well as protect the region, the climate-smart zone will also create jobs and a new economy in climate-smart infrastructure.
The Inter-American Development Bank announced that it will partner with the accelerator to programme and implement the $1 billion in funds that it pledged at President Macron’s Paris One Planet summit.
The launch of the accelerator was announced by Prime Minister of Jamaica, Andrew Holness, president of the Inter-American Development Bank, Luis Alberto Moreno, Virgin Group founder, Sir Richard Branson, and World Bank vice president for Latin America and the Caribbean, Jorge Familiar.
Eight times Olympic Gold Medal Winner Usain Bolt is an ambassador of the accelerator and announced the $50,000 Speed Award, which recognises leading countries, business and individuals working towards a climate-smart zone.
Speaking at the event, Sir Richard Branson said: "Our goal is ambitious and bold: we are creating the world’s first climate-smart zone.
“We have a vision of a Caribbean which is greener, stronger and more resilient than ever before - built on innovation, powered by clean, sustainable energy and accelerated by public and private investment."
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