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Barbados Today April 20, 2021
Grand Cayman – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million, BDS$4.4 million) to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano.
According to CCRIF CEO, Isaac Anthony: “This support to the Government has been made possible because CCRIF operates as a developmental insurance company, whereby our members have our commitment to support them in times of crises; seek out opportunities to enable them to enhance their resilience to current and future natural hazards; engage donors and collaborate on programmes designed to reduce vulnerability; negotiate the best prices for reinsurance, and advance disaster risk management and ecosystems-based solutions for the betterment of the peoples of the Caribbean and Central America in keeping with Agenda 2030 and the thrust to leave no one
CCRIF Provides US$2.2 million (EC$6 million) for Relief and Recovery Efforts following the Eruption of the La Soufrière Volcano
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CCRIF has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million) to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano. According to CCRIF CEO, Mr. Isaac Anthony, “This support to the Government has been made possible because CCRIF operates as a developmental insurance company, whereby our members have our commitment to support them in times of crises; seek out opportunities to enable them to enhance their resilience to current and future natural hazards; engage donors and collaborate on programmes designed to reduce vulnerability; negotiate the best prices for reinsurance; and advance disaster risk management and ecosystems-based solutions for the betterment of the peoples of the Caribbean and Central America in keeping with Agenda 2030 and the thrust to
1.1 Background
The humanitarian impact of the Syria crisis remains deep and far-reaching. More than eight years since the war’s outbreak, Syrian refugees in Jordan have used up most of their resources and the host communities are increasingly strained, while donor fatigue has made the establishment of new projects and continuation of existing programming increasingly difficult.
The Jordan Response Plan (JRP), while only 38% funded in 2018, has a strong emphasis on education. The goal is to ensure sustained access to quality and inclusive education for Syrian refugees and vulnerable Jordanians through the following main pillars: (i) increasing access to inclusive education opportunities; (ii) improving the quality of education delivered to all children affected by the crisis; and (iii) strengthening the government’s capacity to plan and manage the education system in light of the extra pressures on the system.
EU to Slap Carbon Tax on Australian Exports
The United Kingdom and the European Union (EU) may soon hit Australian exports with carbon tax policies designed to compel European trading partners to reduce emissions.
On March 10, Members of the European Parliament adopted a resolution to support a carbon tax, otherwise called the “carbon border adjustment mechanism” (CBAM).
Details are to be presented to parliament in June at the earliest and is expected to cover the power sector and energy-intensive industrial sectors, like cement, steel, aluminium, and more.
The EU Parliament said the tax’s objective is to help the region achieve net zero emissions by 2050 while preventing “carbon leakage,” where EU production would simply move overseas where carbon emission policies are less harsh.