George Town, Grand Cayman ─ The Hon. Minister for Investment, Innovation and Social Development André Ebanks today announced that the Cayman Islands Government has committed to join global efforts to combat the increasing threat of global warming, as highlighted in the most recent report of the Intergovernmental Panel on Climate Change.
“The PACT Government is committed to mitigating the adverse impacts of global warming for the Cayman Islands in the short and long term, and it is committed to promoting sustainability and innovation both locally and globally,” stated the Hon. Minister. “I am pleased to announce that Government is joining global efforts to combat climate change, specifically by committing seed capital to establish a new investment fund that will be focused on businesses and technologies that deliver climate mitigation and adaptation throughout the 54 member countries of the Commonwealth.”
Government’s commitment of seed capital is a catalyst for the establishment of the Commonwealth Climate Growth Fund (Cayman) LP, based in the Cayman Islands, and sponsored by the Commonwealth Enterprise and Investment Council (CWEIC).