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.
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