CCS Launches Trinidad & Tobago Private Investment Mobilization Training with Partners
Trinidad and Tobago. On October 14, 2020, The Center for Climate Strategies (CCS) launched a six-month Private Investment Mobilization (PIM) training and pilot program in Trinidad and Tobago in partnership with the Ministry of Planning and Development (MPD), The University of the West Indies – Open Campus (UWI-Open Campus) and the United Nations Development Programme (UNDP) NDC Support Programme. The program helps public and private partners mobilize investments for Low Carbon Development (LCD) program actions in all sectors at scale, including Nationally Determined Contributions (NDCs), and to reduce global funding barriers for climate change stabilization and sustainable development.
The PIM Program provides certificate based instruction, Learning by Doing activities, and tool development through a curriculum that builds capacity for the integration of LCD and PIM. It is being conducted through cooperation with UWI and the participation of over 30 energy and infrastructure business leaders, government officials, financial institution representatives, policy advisors, and academics in Trinidad and Tobago. This group will learn how to re-think low carbon development through the lens of the policymaker, developer, consumer, business, and investment community. UWI serves as incubator of the Program for its mainstreaming throughout the Caribbean region.
As part of this program, participants examine strategies for transformation of LCD technologies and practices into new products, revenue mechanisms, and blended financial mechanisms for adoption at full market scale. Program participants will select a pilot case for Learning by Doing, resulting in an actionable and financeable LCD project for implementation in Trinidad and Tobago. More information about the program and goals can be found in the following press release from UWI-Open Campus.
This is the second in a series of national pilot programs conducted by CCS focused on PIM to support LCD and climate stabilization efforts in Africa, Asia, and Latin America. CCS recently completed its first private investment mobilization training program in Ghana in partnership with UNDP and the Council for Scientific and Industrial Research (CSIR). For more details on the Ghana program, read this UNDP Blog. These CCS training programs are supported by the New York Community Trust.