Business View Caribbean | Volume 8, Issue 9

20 BUSINESS VIEW CARIBBEAN VOLUME 8, ISSUE 9 Conference of Parties of the United Nations Framework Convention on Climate Change (COP 26), of which we intend to be a part in November 2021. Trinidad and Tobago has been taking climate action. “Significant work has been done towards the establishment of a robust Monitoring, Reporting and Verification (MRV) System to track the progress of efforts to reduce greenhouse gas emissions in Trinidad and Tobago and I am pleased to note that we have recently secured funding from the Global Environment Facility (GEF) of just over USD $1 million to strengthen the system in order to become compliant with transparency reporting requirements under the Paris Agreement,” stated Minister Robinson-Regis. The Ministry of Planning and Development has also recently completed an updated greenhouse gas inventory and validated the emissions baselines, as well as conducted multi-criteria analyses for mitigation actions to be undertaken. Another effort to curb the current climate situation is through renewable energy for power generation. A T&T Government and European Union Global Climate Change Alliance Plus (EU GCCA+) project afforded 12 selected communities in Trinidad and Tobago installations of small-scale roof-mounted Solar Photovoltaic (PV) solar panels. These solar panels will be used to supply energy for power generation and is being implemented on-the- ground by the United Nations Development Programme (UNDP). Internationally, from August 2021, Trinidad and Tobago has officially become a member of the UK led Global Ocean Alliance and the High Ambition Coalition for Nature and People. By joining the Global Ocean Alliance, Trinidad and Tobago has become part of a 54 country- strong alliance which aims to protect at least 30 percent of the global ocean in Marine Protected A solar power panel installation programme with the EU GCCA+ and the UNDP will introduce renewable power to 12 communities across Trinidad and Tobago.