St Lucia’s Prime Minister Phillip Pierre has said he expects this week's CARICOM-Canada summit to enhance further the region's efforts to get the international community to honour their commitments towards assisting small island developing states (SIDS) deal with the impact of climate change.
Speaking at a news conference ahead of the October 17-19 Summit in Ottawa, Pierre said he and his Caribbean Community colleagues would look to the North American country to put forward their case.
“Regarding climate resilience, we know the world will not meet the 1.5 degrees Celsius benchmark for global warming,” he observed. “There are serious issues as it relates to that. We have seen the devastating effects of floods, droughts, earthquakes, etc. Canada is committed to assisting us in this regard. But having said so, the rest of the international community has not met its commitment of the US$100 billion that they promised to give the developing world regarding climate resilience… or even climate mitigation."
According to Prime Minister Pierre, if one looks at the debt profile of the region—and of St. Lucia in particular:
“You will find we have had to borrow the most after a hurricane."
The St Lucia Prime Minister noted:
“In some countries—like Dominica—a hurricane wrote off 97 percent of their GDP (gross domestic product). So, you cannot treat us like you treat countries regarding development financing.”
“So, we are looking for special and differential treatment. We are looking for loss and damage clauses as far as our borrowing is concerned. There is a discussion going on that most of our debts should be written off, but it is difficult," he added.