Climate change remains one of the largest threats to biodiversity, human security and the global economy. As temperatures rise and the intensity and frequency of adverse weather increases, the need for us to build greater climate resilience is more critical than ever.
In 2022, The Bridgetown Initiative was born out of a high-level retreat held in Bridgetown, Barbados. Here, the need to reform the international financial architecture (IFA) to mobilise more robust financing and resources to combat the impacts of climate change was recognized as more urgent than ever, especially for small island developing states who are disproportionately impacted by climate change.
Aligning with the culmination of both the 79th UN General Assembly (UNGA) and Climate Week 2024 this week, the Bridgetown Initiative 3.0 was launched by the Honourable Miss Mia Amor Mottley, Prime Minister of Barbados.
In order to achieve the Sustainable Development Goals (SDGs) , especially Goal 13: Climate Action by 2030, Her Excellency, Mia Amor Mottley, Prime Minister of Barbados recognizes in the Bridgetown Initiative 3.0 (2024) that:
“We are living in the season of superlatives on a scorched Earth. To have any chance of reversing this trajectory, we must build a more responsive, fairer and more inclusive global financial system to fight inequalities, finance the climate transition, and accelerate the achievement of the Sustainable Development Goals”.
The Bridgetown Initiative 3.0 has three main goals: 1) changing the rules of the game, 2) shock-proofing vulnerable economies and 3) augmenting resources, and provides a detailed roadmap for how to best achieve this, in order to ensure that the fight to address the climate crisis is more inclusive of all voices, that it effectively mitigates the risks against vulnerable economies and also better augments the financing and resources needed to secure our climate resilience.
The Bridgetown Initiative 3.0 (2024) reminds us all that ‘we can and must do better’. Let’s continue our work in Barbados and beyond to raise awareness, engage in activism to create social change and secure more robust financing to address the climate crisis.
Together, we can safeguard a cleaner planet and a better future for generations to come.
For more information on the Bridgetown Initiative 3.0, visit: https://lnkd.in/db5SN3Kv
(Photo Credit: The Bridgetown Initiative, 2024)
#ClimateWeekNYC #ClimateWeek2024 #ClimateWeekNYC2024 #WIRREDBarbados #PreserveOurEnvironment #LandRestoration #DroughtResilience #ClimateAction #Regeneration #OnlyOneEarth #Biodiversity #Conservation #SustainableLiving #GetInvolved #KnowledgeisPower