What is climate change?
Climate change refers to the long-term shifts in weather patterns and average temperatures, largely caused by human activities, such as the burning of fossil fuels and deforestation.
Can impact investment make a difference?
Impact investing is investments made with the intention of generating positive social and environmental impact, alongside financial returns. It is important to note that impact investing alone cannot solve the complex challenges posed by climate change. Government policies, international cooperation, technological advancements, and public awareness also play critical roles. However, impact investing can be a powerful tool to mobilize private capital towards climate solutions and drive positive change.
Climate change is already posing serious threats to lives and livelihoods around the world, including in the Cayman Islands. Like other small island nations, we are seeing the increasing adverse impacts of climate change on our natural and built environments which are predicted to worsen. These growing concerns have been expressed by members of our community across all three islands, many of whom have felt the consequences of these changes on a regular basis. That is why we need to come together to urgently reduce further warming of our planet which contributes to climate change and respond to the inevitable impacts of a changing climate. Our national policy that speaks to both of these needs will ensure a low or zero-carbon climate-resilient future for all those who call the Cayman Islands home.
The vision for our national policy is for a climate-resilient Cayman Islands that promotes and sustains vibrant communities, a thriving natural environment and a robust economy, where people can live their best lives now and for future generations. Based on the findings of the Cayman Islands Climate Change Risk Assessment, our national policy aims to address the significant threats posed by climate change, protect our communities and natural environment, and promote opportunities for sustainable economic and social development.
For more details on the Climate Change Policy and to download the consultation draft, please visit: https://www.gov.ky/sustainability/climatechangepolicy