Dominica’s environment Minister Kenneth Darroux says Small Island Developing states like Dominica, are comforted by news that US$513 billion worth of funding has been pledged by governments of developed countries, towards a sustainable future.
This was one of the main decisions coming out of last week’s United Nations Conference on Sustainable Development in Rio de Janeiro, Brazil.
The 692 individual commitments from governments are for projects that cut fossil fuel use, boost renewable energy, conserve water and alleviate poverty.
Dr Darroux, who was part of a four man delegation to the Rio Summit – says this is a step in the right direction.
“Coming out of the Rio Summit, one of the most significant items was that a total of five hundred and thirteen billion US dollars was pledged by various developed countries and organizations towards sustainable development efforts. I think it’s comforting that at least the process has started”.
He says of the funds committed, $323 billion will be devoted to achieving universal access to sustainable energy by 2030.
Dr. Darroux says Dominica as a Small Island developing state was very fortunate to be part of the meeting.
“We had a number of bilateral discussions with various partners and international organizations,” he confirmed.
He says Dominica’s delegation was able to put forward the island’s low carbon resilient development strategy at the summit.