The Minister of Environment Energy and Climate Change, Mr. Wallace Cosgrow is presently attending the G7 Ministerial Meeting at the invitation of the Government of Canada. The meeting which is being held from the 19th to 21st of September 2018, is a gathering of G7 member countries, outreach countries, private sector organisations, policy makers and experts.
“Working Together on Climate Change, Oceans and Clean Energy” is the theme whereby Ministers will be discussing global climate actions, clean growth and sustainable finance, resilient coasts and fisheries, plastic pollution, energy security and clean energy.
The first day of the meetings, Minister Cosgrow participated in the sustainable finance roundtable as a panelist, discussing on innovative solutions for resilience to extreme weather events, where he made a presentation on the Debt to Nature Swap which Seychelles undertook and the Blue Bonds which is being finalised. Both are considered as innovative financing mechanisms to combat and mitigate against extreme weather events, climate change and to build resilience.
The Minister is expected to make a key note address on Thurday 20th September at the opening of the joint ministerial session on healthy oceans, seas and resilient coastal communities, which will set the scene for the day’s discussions.
The outcome of the meetings will form part of the discussion at COP 24 on climate change to be held in Poland in December.