Vila Times

Vanuatu hosted a trade show for private sector climate change finance engagement

Vanuatu hosted a trade show for private sector climate change finance engagement
Vanuatu hosted a trade show for private sector climate change finance engagement
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Vanuatu has become the first country in the Pacific to host a trade show linking the private sector with Government and international climate change financiers with a goal to enhance relationship between Vanuatu’s private sector and accredited entities to major climate funds and promote private – public relationships.

Co-hosted by the Vanuatu Ministry of Climate Change facilitated by 11 accredited entities, delivery partners and donor partner agencies, and attended by over 180 Vanuatu private sector participants, the tradeshow saw a large turnout, Ministry of Climate Change reports.

The Tradeshow was jointly funded by the Global Green Growth Institute, the DFAT/GIZ Climate Finance Readiness in the Pacific (CFRP) project and the GIZ-Vanuatu GCF-Readiness Project.

Vanuatu’s private sector has taken the lead in climate change programming through the establishment of the Vanuatu Business Resilience Committee (VBRC) under the auspices of the Vanuatu Chamber of Commerce & Industry. Glen Craig, The Chairman of the VBRC stated “the objectives of our organization are to support businesses to build their resilience to climate change and disasters, including their engagement in emergency preparedness, response and recovery efforts. This was an important step towards this goal and I thank DG Benjamin especially for engaging with the Private Sector.”

The Private Sector Climate Finance Tradeshow, held in April 2018 in Port Vila, Vanuatu provided a platform for Vanuatu’s businesses to showcase, directly to climate donors and accredited entities, their potential contributions, services and products towards sustainable, effective and transformative climate change projects.

Kick starting the day-long event, the Director General of the Ministry of Climate Change, Mr. Jesse Benjamin confirmed that “the Government has a strong policy mandate to utilize and support private sector agencies for climate change action.”

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