Dominica signs carbon trading agreement with Switzerland

by: - November 23, 2021
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Roseau, Dominica- November 22, 2021: Dominica has signed a carbon-trading agreement with the Confederation of Switzerland to advance the goals of Article 6 of the Paris Climate Agreement.

The agreement was inked by Minister for the Environment, Rural Modernization, and Kalinago Upliftment, Hon. Cozier Frederick, at the United Nations Climate Conference (COP 26), in Glasgow Scotland.

“Fundamentally what it means is two countries coming together to work collaboratively to take climate action,” Mr. Michael Savarin, the Green Climate Fund (GCF) Coordinator in the Ministry of Finance, Economic Affairs, and Planning said.

The agreement will facilitate Dominica’s transition to climate resilience and low carbon economic transformation and will include electrification of the island’s transport sector.

“It will allow for Dominica to develop a list of projects that results in climate mitigation and actions,” Savarin stated.

He added, “it will allow for movement from using Diesel and Gasoline, and other kinds of fossil fuels into a new renewable energy. In this instance, we have the National Low carbon Transport Project, so we are looking at moving comprehensively towards renewables in transportation and it will allow for new modalities of transport using electricity that we’ve never had before.”

Under the agreement, the Government of Dominica will have access to comprehensive financial support to implement projects resulting in measurable carbon reductions.

The government has already approved a feasibility study for the National Low carbon Transport Project, being undertaken by Grutter Consultants, a Switzerland-based firm.

The feasibility analysis will examine the possibility of electric trams for the capital city, Roseau, electric passenger buses, cargo-carrying vehicles, electric private cars, and non-motorized vehicles.

It will also explore options for pedestrian walkways, green ammonia and green hydrogen for maritime vessels, and appropriate ammonia and hydrogen infrastructure for green maritime transport and export.

The GCF Coordinator said, “it is a very exciting transformation and the collaborative support that allows us to reduce carbon emissions while at the same time moving forward in a low carbon development pathway that allows Dominica to transform itself, its economy, and its livelihood for its citizens.”

Government plans to engage stakeholders to identify other appropriate projects for consideration and onward submission to the Swiss Confederation for development assistance.

Article 6 of the Paris Climate Agreement recognizes voluntary collaborative actions between countries to reduce carbon emissions, as an adaptive response to climate change and the promotion of sustainable development and environmental integrity.