Duck Creek Technologies Adiciona Lloyd's of London Integration à sua Plataforma de Nuvem de Resseguro

LONDON, Dec. 19, 2023 (GLOBE NEWSWIRE) — A Duck Creek Technologies, fornecedora de soluções inteligentes que definem o futuro do seguro de propriedade e acidentes (P&C) e geral, anuncia o suporte à integração ao Lloyd’s Outwards Reinsurance Scheme (LORS) para seus clientes de resseguro cedidos que usam a Duck Creek Reinsurance. A Lloyd's of London exige que seus membros tenham estratégias robustas de resseguro externo (cessão) com sistemas, controles, procedimentos e expertise apropriados para permitir a gestão eficaz das compras e recuperações de resseguro externo. Com esta mais recente funcionalidade, a Duck Creek Reinsurance continua a oferecer às operadoras globais as ferramentas necessárias para se integrarem no principal mercado de resseguros do mundo.

A capacidade do LORS dentro da Duck Creek Reinsurance oferece todos os conjuntos de códigos usados nas mensagens LORS e USM, permitindo que os membros da Lloyd's e os clientes da Duck Creek se conectem e interajam Duck Creek Reinsurance com a plataforma e os processos de tecnologia da Lloyd's. A Duck Creek Reinsurance está equipada com a estrutura de dados necessária para apoiar a Mensagem de Aconselhamento de Resseguro Externo da LORS para assessorar as subscritoras sobre transações novas, alteradas ou substituídas por corretoras, bem como as Mensagens de Resposta da Subscritora usadas para assessorar autorizações, objeções e alterações de dados da subscritora. A integração do LORS da Duck Creek também confirma o processamento em lote bem–sucedido ou relata erros e notifica automaticamente as seguradoras sobre os movimentos de cessão e o status do processamento. O módulo Duck Creek Reinsurance LORS inclui funcionalidade de rastreamento completo de auditoria, dando às seguradoras a capacidade de excluir itens pré–autorizados ou grupos de itens com erros e solicitar autorização para que itens assinados sejam cancelados.

“A integração do LORS da DUCK Creek demonstra o nosso compromisso com o mercado de resseguros de Londres. Juntamente com as mais de três décadas de capacidades de gestão de resseguros líderes de mercado, a Duck Creek Reinsurance oferece a principal funcionalidade e inovação para permitir o crescimento global dos nossos clientes de resseguros”, disse Julien Victor, diretor administrativo de gestão de resseguros. “A Duck Creek também está envolvida na iniciativa Lloyd's Blue Print 2 e estamos orgulhosos de liderar o mercado com tecnologia baseada em nuvem que suporta muitos dos programas de resseguro das seguradoras mais proeminentes do mundo nos territórios de Londres, Europa, APAC, Bermudas e EUA.”

A Duck Creek Reinsurance é uma plataforma em nuvem baseada em SaaS que se conecta a qualquer política ou sistema de sinistros, data warehouse e registros gerais downstream para rastrear todas as informações relacionadas a contratos de resseguro (tratados e contratos facultativos), sinistros, dados contábeis, dados técnicos, dados auxiliares, dados financeiros e muito mais). A Duck Creek Reinsurance tem relatórios integrados e também pode se conectar a soluções de relatórios corporativos populares. A Duck Creek Reinsurance é uma solução flexível adaptada a organizações internacionais que usam várias moedas e vários requisitos GAAP.

Sobre a Duck Creek Technologies
A Duck Creek Technologies é fornecedora de soluções inteligentes que definem o futuro do setor de seguros de propriedade e acidentes (P&C) e geral. Somos a plataforma utilizadas como base dos sistemas de seguros modernos, permitindo que a indústria capitalize o poder da nuvem para executar operações ágeis, inteligentes e perenes. Autenticidade, propósito e transparência são fundamentais para a Duck Creek, e acreditamos que o seguro deve estar disponível para indivíduos e empresas quando, onde e como eles mais precisarem. Nossas soluções líderes do mercado estão disponíveis de forma independente ou como um pacote completo disponíveis em Duck Creek OnDemand.

Visite www.duckcreek.com para obter mais informação. Siga a Duck Creek nos nossos canais sociais para obter as mais recentes informações – LinkedIn e Twitter.

Contato
Drake Manning
drake.manning@duckcreek.com


GLOBENEWSWIRE (Distribution ID 9007265)

Duck Creek Technologies intègre sa plateforme de réassurance en mode cloud au marché britannique Lloyd’s of London

LONDRES, 19 déc. 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, le fournisseur de solutions intelligentes qui dessine les futurs contours du secteur de l’assurance générale et IARD (incendies, accidents et risques divers), annonce la compatibilité de sa plateforme Duck Creek Reinsurance avec le régime des cessions de réassurance du Lloyd’s, ainsi que leur intégration. Le Lloyd’s exige une solide stratégie de réassurance sortante (cédante) de ses membres, appuyée par des technologies, des protocoles de contrôle, des procédures et un niveau d’expertise adéquats pour permettre une gestion efficace des transactions de réassurance sortante. Les dernières fonctionnalités de la plateforme Duck Creek Reinsurance mettent tous les outils nécessaires à la disposition des assureurs du monde entier pour rejoindre le marché numéro 1 mondial de la réassurance.

Ses fonctionnalités de cession intègrent l’ensemble des codes en usage dans les messages en lien avec les cessions de réassurance et le transfert électronique de données relatif aux conseils sur les primes, permettant aux membres du Lloyd’s et aux clients de Duck Creek de se connecter directement à la plateforme technologique et aux modèles du Lloyd’s. La plateforme Duck Creek Reinsurance est munie de la structure de données nécessaire à la prise en charge des messages orientés conseil en matière de cessions de réassurance, visant à communiquer aux souscripteurs toute transaction nouvelle, modifiée ou remplacée par les courtiers, et des notifications également orientées conseil en termes d’autorisation, refus ou modification de données. L’intégration du régime des cessions de réassurance du Lloyd’s confirmera également le succès des traitements en lots ou en signalera les anomalies le cas échéant. Les assureurs seront également automatiquement avertis de tout mouvement de cession et de leur état de traitement respectif. Le menu « régime des cessions de réassurance du Lloyd’s » de la plateforme Duck Creek Reinsurance intègre une fonctionnalité de piste d’audit complète, permettant aux assureurs de supprimer des éléments préalablement validés ou des groupes d’éléments erronés, et de demander l’annulation des éléments signés.

Pour Julien Victor, Directeur général de la gestion de la réassurance, « L’intégration du régime des cessions de réassurance du Lloyd’s à notre plateforme démontre notre engagement envers le marché de la réassurance. À l’heure où nous capitalisons sur une expérience de plus de trente ans en gestion de réassurance leader, Duck Creek Reinsurance rassemble à la fois les fonctionnalités de base et le niveau d’innovation nécessaires pour accompagner la croissance mondiale de nos clients de réassurance. Duck Creek participe également au projet Blueprint Two du Lloyd’s, et nous sommes fiers d’être en tête du marché avec une technologie en mode cloud compatible avec la plupart des programmes de réassurance pilotés par les assureurs les plus importants au monde sur un périmètre recouvrant Londres, l’Europe, la région Asie–Pacifique, les Bermudes et les États–Unis ».

Duck Creek Reinsurance est une plateforme SaaS en mode cloud, capable de se connecter à tout système de police d’assurance ou de réclamations, disposant de fonctionnalités de stockage de données et de registre en aval de la chaîne pour suivre toutes les informations liées aux contrats de réassurance (traités et contrats facultatifs), aux réclamations, aux données comptables, aux données techniques et auxiliaires, mais aussi financières, et bien plus encore. Duck Creek Reinsurance est pourvue de rapports intégrés et peut également se connecter à des solutions répandues de reporting d’entreprise. Il s’agît d’une solution flexible, adaptée aux organisations internationales réalisant des transactions en devises multiples et répondant à différents principes comptables généralement admis (ou GAAP, de l’anglais Generally Accepted Accounting Principles).

À propos de Duck Creek Technologies
Duck Creek Technologies est le fournisseur de solutions intelligentes qui dessine les futurs contours du secteur de l’assurance générale et IARD (incendies, accidents et risques divers). Les systèmes d’assurance modernes se reposent sur nos solutions et capitalisent sur le potentiel du cloud pour mener des opérations agiles, intelligentes et évolutives. Authenticité, détermination et transparence, voilà les maîtres–mots de la philosophie de Duck Creek. Pour nous, l’assurance est au service des particuliers et des entreprises, n’importe quand, où, et comment ils en ressentent le plus le besoin. Nos solutions, leaders du marché, sont commercialisées à l’unité ou sous forme de suite packagée, et sont toutes disponibles sur la page : Duck Creek OnDemand.

Rendez–vous sur www.duckcreek.com pour en savoir plus. Suivez–nous sur les réseaux pour découvrir nos dernières informations : LinkedIn et Twitter.

Contact
Drake Manning
drake.manning@duckcreek.com


GLOBENEWSWIRE (Distribution ID 9007265)

Duck Creek Technologies erweitert Cloud-Plattform für Rückversicherungen mit Integration von Lloyd’s of London

LONDON, Dec. 19, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, der Anbieter intelligenter Lösungen für die Zukunft der Schaden– und Unfallversicherung, gibt die Unterstützung und Integration in das Lloyd’s Outwards Reinsurance Scheme (LORS) für seine Rückversicherungskunden bekannt, die Duck Creek Reinsurance nutzen. Lloyd’s of London verlangt von seinen Mitgliedern robuste Strategien für die passive Rückversicherung (Zedenten) mit geeigneten Systemen, Kontrollen, Verfahren und Fachkenntnissen, um eine wirksame Verwaltung des Einkaufs von Rückversicherungen und der Rückforderungen zu ermöglichen. Mit dieser neuen Funktionalität bietet Duck Creek Reinsurance globalen Versicherungsträgern weiterhin die notwendigen Werkzeuge, um sich in den weltweit führenden Rückversicherungsmarkt zu integrieren.

Die LORS–Funktion innerhalb von Duck Creek Reinsurance bietet alle Codesätze, die in LORS– und USM–Nachrichten verwendet werden, und ermöglicht Lloyd’s–Mitgliedern und Duck Creek–Kunden die direkte Verbindung und Interaktion mit der Technologieplattform sowie den Prozessen von Lloyd’s. Duck Creek Reinsurance ist mit der erforderlichen Datenstruktur ausgestattet, um LORS Outward Reinsurance Advice Message zu unterstützen, um Underwriter über neue, geänderte oder von Maklern ersetzte Transaktionen zu informieren, sowie Underwriter Response Messages, die verwendet werden, um Underwriter über Genehmigungen, Einwände und Datenänderungen zu informieren. Die LORS–Integration von Duck Creek bestätigt außerdem die erfolgreiche Stapelverarbeitung oder meldet Fehler und benachrichtigt die Versicherungsträger automatisch über Zedentenbewegungen und den Verarbeitungsstatus. Das LORS–Modul von Duck Creek Reinsurance beinhaltet eine vollständige Audit–Trail–Funktionalität, die es den Versicherern ermöglicht, fehlerhafte vorautorisierte Positionen oder Gruppen von Positionen zu löschen und eine Genehmigung für die Stornierung unterzeichneter Positionen zu beantragen.

„Die Integration von Duck Creek in LORS zeigt unser Engagement auf dem Londoner Rückversicherungsmarkt. Duck Creek Reinsurance baut auf mehr als drei Jahrzehnten marktführender Rückversicherungsmanagement–Fähigkeiten auf und liefert die Kernfunktionalität und Innovation, um unseren Rückversicherungskunden globales Wachstum zu ermöglichen“, so Julien Victor, Managing Director für das Rückversicherungsmanagement. „Duck Creek ist auch an der Lloyd’s Blue Print 2–Initiative beteiligt und wir sind stolz darauf, den Markt mit einer cloudbasierten Technologie anzuführen, die die Rückversicherungsprogramme vieler der weltweit bekanntesten Versicherungsunternehmen in London, Europa, APAC, Bermuda und den USA unterstützt.“

Duck Creek Reinsurance ist eine SaaS–basierte Cloud–Plattform, die mit jedem Policen– oder Schadensystem, jedem Data Warehouse und allen nachgelagerten Hauptbüchern verbunden werden kann, um sämtliche Informationen im Zusammenhang mit Rückversicherungsverträgen (Verträge und fakultative Verträge), Schäden, Buchhaltungsdaten, technischen Daten, Zusatzdaten, Finanzdaten und mehr zu verfolgen. Duck Creek Reinsurance verfügt über ein integriertes Berichtswesen und kann auch mit gängigen Lösungen für das Unternehmensreporting verbunden werden. Als flexible Lösung, die auf internationale Unternehmen zugeschnitten ist, arbeitet Duck Creek Reinsurance zudem mit mehreren Währungen und unterschiedlichen GAAP–Anforderungen.

Über Duck Creek Technologies
Duck Creek Technologies ist der Anbieter intelligenter Lösungen, der die Zukunft der Schaden–/Unfall– und der allgemeinen Versicherungsbranche gestaltet. Wir sind die Plattform, auf der moderne Versicherungssysteme aufgebaut werden und die es der Branche ermöglicht, die Leistungsfähigkeit der Cloud zu nutzen, um agile, intelligente und immerwährende Prozesse zu betreiben. Authentizität, Zweckmäßigkeit und Transparenz sind für Duck Creek von zentraler Bedeutung. Wir sind der Meinung, dass Versicherungen für Privatpersonen und Unternehmen verfügbar sein sollten, wann, wo und wie sie diese am meisten brauchen. Unsere marktführenden Lösungen sind als Einzellösungen oder als Komplettpaket über Duck Creek OnDemand verfügbar.

Besuchen Sie www.duckcreek.com, um mehr zu erfahren. Folgen Sie Duck Creek auf unseren sozialen Kanälen für die neuesten Informationen – LinkedIn und X (ehemals Twitter).

Kontakt
Drake Manning
drake.manning@duckcreek.com


GLOBENEWSWIRE (Distribution ID 9007265)

Watching the Arctic Melt, Meteorologist’s Experience on Icebreaker Oden

Michael Tjernström, Professor of Meteorology at Stockholm University, has had five expeditions on the research icebreaker Oden, where he has witnessed the impact of climate change on the Arctic. Credit: Michael Tjernström

Michael Tjernström, Professor of Meteorology at Stockholm University, has had five expeditions on the research icebreaker Oden, where he has witnessed the impact of climate change on the Arctic. Credit: Michael Tjernström

By Jan Lundius
STOCKHOLM, Dec 19 2023 – Conflicting emotions greet the outcomes of COP28. After 28 years of climate conferences, an agreement has, for the first time, proclaimed that fossil fuels are the biggest culprit behind the warming of our planet and stated that it would encourage all nations to “accelerating action in this critical decade so as to achieve net zero by 2050 in keeping with the science.” The agreement calls for, among other things, a tripling of renewable energy by 2030, but also an increased pace in the work to develop technical solutions for the separation and storage of carbon dioxide, an extremely expensive and, so far, limited effort.

However, the agreement can unfortunately not be characterised as “decisive.” The text uses the phrase “transition fuels” as a code word for the fossil gas that causes carbon dioxide emissions, warming up Earth’s atmosphere. The draft text went through multiple iterations over the course of the negotiations, and one version, supported by oil and gas-producing nations, dropped a reference to the root cause of climate change entirely. However, an urgent pushback from the USA, EU, and small island countries saw fossil fuels put back in the text at the last minute, even though the final version lacked the concrete term “phaseout,” which many nations wanted to see.

Palliative formulations thus give rise to several loopholes, allowing fossil-producing countries to continue with, and even increase, their extraction of harmful fossil fuels. 2023 will be the hottest year on record globally, with extreme weather causing death and destruction in the wake of climate change. To mitigate the worst effects, global emissions must be halved by 2030, but so far, the curves continue to rise. Considering this, it has to be kept in mind that the climate meeting’s agreement is not legally binding but only a signal of a direction forward. It still remains uncertain whether COP28 will really result in the countries of the world advancing from words to action.

On this worrisome note, please read this IPS interview with Michael Tjernström, Professor of Meteorology at Stockholm University.

IPS: What is your opinion about the recently concluded COP 28?

Tjernström: The situation is bizarre. The climate system is one of the most complex issues we have to deal with as a society, even without involving its many interactions with human and social sciences. Accordingly, it is not strange that there are many things we don’t fully understand, but this we do know: The climate is warming up because we are accumulating carbon dioxide in the atmosphere by burning fossil fuels, and all else results from this! So, having a global climate meeting that cannot agree on having this stated in the final statement is like driving your car to the auto mechanics with an engine problem, but instead of getting that fixed, you get a haircut in the front seat to look better.

A view from the research icebreaker Oden. Credit: Michael Tjernström

A view from the research icebreaker Oden. Credit: Michael Tjernström

That being said, this statement is better than nothing, but not by a whole lot. Sometimes I do think that it might have been better if the meeting had crashed and burned. After all, the Paris Agreement came after the Copenhagen fiasco; sometimes we need to fail in order to succeed.

IPS: This spring, you were part of a research team visiting the Arctic Sea onboard the Swedish icebreaker Oden. Why did you travel to the Arctic, and why did you use an icebreaker?

Tjernström: The Arctic is particularly sensitive to climate change. It is usually said that global warming is going twice as fast in the Arctic as in the rest of the world. However, recent studies indicate that the change might be four times as fast on average across the whole Arctic and up to seven or eight times as fast in some places, for example, around Svalbard and in the Russian Arctic Ocean. Despite the Arctic being so vulnerable, there are almost no other places on earth where the climate system is so under-observed. Over the Arctic Ocean, permanent observation stations cannot be established because of the ever-moving and deforming sea ice. Accordingly, it is most convenient to have an icebreaker as a base for observations and research in this hard-to-reach, inhospitable ocean.

IPS: How many members are there on such an expedition, and have you been doing this kind of research before?

Tjernström: This was my fifth expedition with the research icebreaker Oden. There were 75 people onboard, of whom about 40 were researchers, about 20 members of the ship’s regular crew, and 15 logistics staff. The latter two included kitchen staff, a medical doctor and a nurse, a helicopter pilot, a meteorologist and air traffic controller, several technicians, and even an artist. The artist—in this case, a painter—has a historical heritage. Ever since scientific expeditions were organised hundreds of years ago, it was important to have an artist as part of the team. In those days, photographic techniques did not exist, and a painter was necessary for the documentation of the findings. Ever since, it has been customary to have an artist onboard.

IPS: Is it inconvenient to stay on an icebreaker for several months?

Tjernström:. Yes and no; actually, mostly no, but it is a very special experience. We have electricity and heat, good food, a sauna, gym, library, laboratories, and a small movie theatre. Of course, it is sometimes difficult to live so close to others, but we generally have a good and cooperative mood. And we have lots of work to do! This is not a 9-5 job, with weekends free. And even if it was, there’s not much else to do.

IPS: What does your research consist of?

Tjernström: In a general sense, we try to observe the state of the climate system, but we also measure the processes that generate that state. We are, so to speak, taking the pulse of the current situation, though we are also trying to establish tendencies by taking samples and measuring climatological changes. The goal of our research is to improve our climate models, i.e., computer models describing the Earth’s climate system, essentially a virtual synthetic climate that can also be used to indicate future changes or processes. Climate models have some similarities to weather forecast models, but instead of delivering a ten-day weather forecast detailing a nearby development, a climate model provides a “forecast” of climate for maybe one hundred years into the future. The IPCC, a UN climate panel, uses the results from these models, among other things, to calculate the effects of climate change.

The main task of an Arctic expedition is to secure various measurements. We make comparisons between different weather conditions, observe the clouds and the aerosols, take samples to establish the salinity and temperature of the ocean, and examine the occurrence of microorganisms. We also set up measuring stations on the ice and took snow, ice, and water samples. One group drove a remote-controlled mini-submarine under the ice, and another mounted measuring instruments under a helicopter to study variations over larger surfaces. We also released weather balloons to measure atmospheric changes.

My main interest for the latest expedition was to study the effect warm air inflows have on the sea ice and snow cover. Actually, one can say there are only two seasons in the Arctic: either it freezes or it melts. We wanted to study how abrupt the shift from winter to summer can be, so Oden followed weather forecasts indicating where warm air flows were moving in. By measuring and studying the direction of air flows, we could study their effects on cloud formation as well as their impact on ice and the ocean. Such observations are now used to understand how the system works, and ultimately, this lays the foundation for the development of climate models.

IPS: Are climate models reliable?

Tjernström: Yes and no; it depends on the purpose. They are quite reliable for calculating future temperatures, but less reliable for precipitation changes. They are also fairly reliable for global averages, but the smaller the area of interest, the greater the uncertainty. One explanation for when the models work less well is when we lack adequate understanding of something, and that is often in part because we do not have sufficient observations.

Most Arctic measurements generally originate from late summer, in August or September, when there is relatively less sea ice and the ice is melting, making it easier for research vessels to work in the area. This time we came earlier than usual in the Arctic, in May and June, which is the beginning of the melting season, making it possible for us to more carefully investigate the nature and change in the system when the sea ice starts its annual melt.

IPS: When was your first research expedition to the Arctic, and have you noticed any changes since then?

Tjernström: My first trip to the Arctic took place in 2001, also on the research icebreaker Oden. If there is something that has really changed during the twenty years I have been doing this research, it is the nature of the ice. We notice this when we place our expensive instruments on the ice, because it is important to find proper multi-year ice for this. This is ice that has survived at least one melting season, and it is generally more durable. It is now becoming increasingly difficult to find ice that is thick and durable enough. There is also more meltwater on top of the ice, compared to the situation during my first expedition. While it is tragic to see how the ice is disappearing, it is important for me not to let emotions run away but to keep a cool head, to objectively and systematically collect observations, and to make as accurate calculations as possible.

IPS What about the wildlife up there? Did you see polar bears and seals?

Tjernström: We see polar bears on every expedition. Polar bears have an incredibly well-developed sense of smell, and an icebreaker is therefore a bear magnet. They are very curious animals as well as dangerous, and an icebreaker with 70 people onboard has a distinct smell. Anyone who needs it gets weapons training on the way up north, and we always have bear guards posted when we work on the ice. However, Arctic Ocean wildlife is vulnerable because it is based on the presence of sea ice all year. For example, there are seals that live their whole lives on the ice, and now it is constantly getting thinner and scarcer.

The Arctic’s food chains are becoming depleted, industrial fishing has taken a toll on the marine flora, and harmful microplastics, mercury, and man-made toxins are becoming increasingly common in the water. Polar bears are at the top of the food chain and are particularly vulnerable. They live on seals, which live on fish, and so on, all the way down to the microorganisms. And in the Arctic Ocean, there are no other top predators present. Pollution and climate change have an impact on everything.

IPS: Reportedly, due to the rising sea levels, Bangladesh, small island states, and megacities like Shanghai, Bangkok, Jakarta, Tokyo, and New York—which have sizable populations concentrated close to coastal plains or river deltas—are in danger. Is this threat real?

Tjernström: Sorry to say, it is. I am worried that, as an example, huge areas of Bangladesh and many low-lying islands are going to disappear, resulting in the loss of human lives. And this affects a large population around the globe living in coastal areas. As a matter of fact, the threat of melting land ice is, in the long run, even worse than the disappearance of ice in the sea. The melting of ice on land is a larger threat than the disappearance of sea ice. Even if we are able to stop greenhouse gas emissions right now, it will take hundreds of years before the inland ice sheets stop melting.

When land ice melts, the runoff significantly increases the amount of water in the oceans, contributing to global sea level rise. Sea ice, on the other hand, is like the ice cubes in a glass of water: when it melts, it does not directly change the level of water in the glass.

Our entire society needs to adapt to climate change. Our lifestyles need to change, and with increasing variations in rainfall and the fact that sea levels are rising, housing and harbours need to be rebuilt, as well as resilience to food and health crises. In wealthy countries, we cannot continue to throw away food and waste energy as we are currently doing. We live between hope and despair, but we can absolutely not give up and do nothing. We must study what is happening and find solutions. First of all, it is not enough to limit fossil fuel emissions; they must be stopped.

IPS: What made you become a climate scientist?

Tjernström: As with so much else that happens in life, it was actually mostly a coincidence. As a young man, I was drafted into mandatory military service as an army medic, which was not something I wanted to do. I then remembered an amazing lecture on how to make your own weather forecast, taught by my fantastic high school physics teacher. I discovered that one could do the mandatory military service as a meteorologist, so I made up a story that I was going to become a meteorologist by profession, got my orders changed, and ended up in the Air Force as a forecast office. After a while, I became increasingly fascinated by research and development. For a while, I continued to work with meteorology within the military forces, deepened my knowledge, and eventually got a PhD in meteorology at Uppsala University. Since then, I have also served at various universities in Sweden and the USA, and now, when I’m about to retire, I work at Stockholm University.

IPS: You are interested in photography and music. Do you think that art can contribute to an increased awareness of climate change?

Michael Tjernström: Definitely, literature and art, including photography and music, are other ways to describe reality. I believe that a researcher’s role should be combined with that of the populariser. Researchers ought to act as knowledge brokers, mediating between hope and despair. Frequently, I think of my role in this as “painting a picture” for people to understand. And from there, the distance to composing and taking a landscape photograph is not that far. Different but equally important parts of the brain are involved, and in this way, we are no different from environmentally conscious artists. We want to engage people and inspire them with a will to change a threatening existence and strive for a better future. But my main goal in life is to understand—nothing more than that.

IPS UN Bureau Report

 


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Construction of New Megaport in Peru Ignores Complaints from Local Residents

View from the area of La Puntilla, in the bay of the Peruvian town of Chancay, of the beach eroded as a result of the construction of the breakwater that is part of the mega-port built by a Chinese company, whose work is in its first phase. CREDIT: Mariela Jara / IPS

View from the area of La Puntilla, in the bay of the Peruvian town of Chancay, of the beach eroded as a result of the construction of the breakwater that is part of the mega-port built by a Chinese company, whose work is in its first phase. CREDIT: Mariela Jara / IPS

By Mariela Jara
CHANCAY, Peru , Dec 19 2023 – “We have always lived a very quiet life here, but everything has changed since the construction of the multi-purpose port began a few years ago,” said Miriam Arce, a neighborhood leader in this municipality 80 kilometers north of the Peruvian capital, where the new port is projected to become the epicenter of trade between China and South American countries.

Chancay is one of the 12 municipalities of the province of Huaral and has a population of about 63,000 inhabitants. It is known for its agricultural valleys, a sea providing an abundant catch for artisanal fishers and for fishmeal production, and attractive waves for surfers.

“This bay is ideal for getting away from the chaos of Lima. People came here because they found the calm and certainty of being in a safe place where everyone knows each other, without fear of being robbed while enjoying a beautiful beach and delicious seafood dishes,” Arce, president of the Association in Defense of Housing and the Environment of the port of Chancay, told IPS.

Her great-grandmother came to Peru in the 1930s fleeing the civil war in Spain, and settled in this Pacific coastal town where her children have always been involved in fishing.

“My grandfather worked in the first fishmeal factory and in the boom of the 1960s the company built these houses as a camp facing the sea and my dad, who was a fisherman, bought the house later,” she said.

Arce’s memories are related to the dilemma posed by some people moving away and leaving behind the conflict generated by the construction of the Chancay Multipurpose Port Terminal that will cover a total of 992 hectares, built with an investment of 1.2 billion dollars in Chinese capital in the current first stage, to reach 3.6 billion by the time it is completed.

The investment is part of the Belt and Road Initiative launched globally by Beijing in 2013 as part of its global economic policy, which includes the development of road, port and connectivity infrastructure in different countries around the world, including South American nations.

Miriam Arce, president of the Association in Defense of Housing and Environment of the port of Chancay, shows the side of El Cascajo hill that has been mutilated as part of the construction of a mega-port and logistics terminal that will commercially connect China with South America. CREDIT: Marianela Jara / IPS

Miriam Arce, president of the Association in Defense of Housing and Environment of the port of Chancay, shows the side of El Cascajo hill that has been mutilated as part of the construction of a mega-port and logistics terminal that will commercially connect China with South America. CREDIT: Marianela Jara / IPS

China’s largest shipping company, the state-owned Cosco Shipping, joined the project in 2019, when it acquired 60 percent of the shares. It changed the original design of the work started in 2016, to reconvert it into a multipurpose terminal, with four planned ports, and it took charge of construction. The remaining 40 percent stayed in the hands of the initial designer, the private Peruvian mining company Volcan.

It is called a multipurpose port due to the different functions of its terminals, which are expected to handle one million containers per year of general, non-mineral bulk, liquid and rolling cargo, using infrastructure with three different components: port operations, access and logistics, and the vehicular tunnel, as explained by the Chinese shipping company on the project’s website.

The first stage, covering 141 hectares, will culminate with the construction of a port that will be inaugurated during the next Asia-Pacific Economic Cooperation (APEC) summit, which will be held for the third time in Peru in November 2024 and will be attended by Chinese President Xi Jinping.

According to the Peruvian government, the megaproject will position this Andean country as the leading Pacific logistics center in Latin America, which will boost its economy and exports and increase trade opportunities as well as local employment.

Why uproot ourselves?

Arce is 54 years old and lives with her parents in the house where her grandparents, uncles, aunts and cousins lived. From the front of the house she can see the sea and their dock, while the back of the house is directly adjacent to the Cosco Shipping construction site, which has forced her to live permanently with dust, pollution and noise.

“This is not just a house, it is part of my family history. Why should I have to leave, uproot myself, if I was born here and I love this place. I was not a social activist, but defending the bay of Chancay has made me aware of the meaning of life and the interests at stake in our country, where it seems that money is worth more than people’s rights,” she said.

Her house is in the area of La Puntilla and together with her IPS toured the group of homes that line the boardwalk and lead to a hill from where you can see the breakwater, and the movement of machinery and workers.

What is most striking is the mutilation of one side of the Cascajo hill, on whose slopes are built the houses of La Puntilla, and which overlooks the port’s operational area where the docks, jetties and areas for maritime entry, container storage and maintenance workshops will be built.

Arce pointed out how the beach has eroded in the area. She also showed the geotubes, three-meter diameter canvas sleeves filled with sand and water that the company has placed between the sea and the sand as a retaining wall to counteract erosion.

“The works have changed the marine currents, we no longer have waves and have lost not only the characteristic beauty of the bay that was a tourist attraction, but the environment and natural resources have been damaged,” she complained.

In 2016, explosions began that created seismic waves that affected houses located as far as 50 kilometers from the project area. Protests led to the signing of agreements between affected residents who received payments of between 75 and 260 dollars for the inconvenience caused.

A view from one of the hills of La Puntilla, on the slope of El Cascajo hill, of the construction of the jetty of the Peruvian mega-port that will operate as a trade center between China and South America. The first phase is set to be inaugurated in November 2024 by Chinese President Xi Jinping. CREDIT: Mariela Jara / IPS

A view from one of the hills of La Puntilla, on the slope of El Cascajo hill, of the construction of the jetty of the Peruvian mega-port that will operate as a trade center between China and South America. The first phase is set to be inaugurated in November 2024 by Chinese President Xi Jinping. CREDIT: Mariela Jara / IPS

Winging it

“That’s the problem, that they do not recognize us as people affected by the project, and the agreements practically set conditions for people not to complain or protest,” Angely Yufra, from the Peralvillo area, also part of Chancay, where she has lived since she was born 49 years ago, told IPS.

She now lives alone with her husband because their children have become independent and she says that she is not intimidated by threats from the company, which has criminalized the protests by prosecuting several of their leaders.

On a tour through the streets of the port to the main access road to the North Pan-American highway, Arce and Yufra show how the company has practically taken over urban areas to move its trucks with materials to the entrance to the construction site, as well as to a part repaired after a collapse caused by the construction of the tunnel that will run through Chancay.

On its information page, Cosco Shipping states that the viaduct tunnel is 1.8 kilometers long and is a three-lane road for the exclusive transit of cargo related to port operations, along with two large conveyor belts.

“There has been no analysis of soils, which are highly varied in Chancay, to build the tunnel. From the beginning, the project got off on the wrong foot because due to the scope of the work it should have been carried out in an unpopulated desert area,” Arce argued.

Angely Yufra, a resident of the Peralvillo area in the Peruvian bay of Chancay, criticizes a port megaproject that has destroyed the community's way of life and complains in particular about the planned elevated road, while pointing to the cement pylons that will be its base. CREDIT: Mariela Jara / IPS

Angely Yufra, a resident of the Peralvillo area in the Peruvian bay of Chancay, criticizes a port megaproject that has destroyed the community’s way of life and complains in particular about the planned elevated road, while pointing to the cement pylons that will be its base. CREDIT: Mariela Jara / IPS

Along the Pan-American Highway, a road that separates the municipality of Chancay in two, she pointed to huge concrete pylons on which an elevated road is to be built for the traffic of at least 4,000 trucks a day to the port’s logistics zone.

“And what will happen to the people who live on the sides of the road? They will be trapped, unable to cross to go to school, to the market, to visit relatives. What they have said is that they are going to build an alternative road, but that could take years,” said the community leader.

Arce said the origin of the project was marked by misinformation and under-the-table deals, and that it involved the second government of Alan García (2006-2011) and those that succeeded him: the administrations of Ollanta Humala, Pedro Pablo Kuczynski and Pedro Castillo. García committed suicide in 2019 when he was going to be arrested and the others are facing prosecution for different crimes.

“All of them gave their approval despite the fact that civil society and public organizations have submitted more than a hundred observations to the Modification of the Environmental Impact Study, which is necessary for the authorization of the works,” said Arce.

These observations include impacts on the life and rights of the local population and on nature, as well as irregular procedures.

Green shading net runs through different areas of the Peruvian port town of Chancay. It is the division between the work zone of a mega-port and the homes of the local population, affected by dust, seismic waves from the explosions, tension and noise. CREDIT: Mariela Jara / IPS

Green shading net runs through different areas of the Peruvian port town of Chancay. It is the division between the work zone of a mega-port and the homes of the local population, affected by dust, seismic waves from the explosions, tension and noise. CREDIT: Mariela Jara / IPS

Among the effects are impacts on the mental health of local residents. This is the case of María Bautista, “a lifelong resident of the Chancay port” who, at the age of 75 years, said she had never experienced anything like this before.

She and her daughter and granddaughter run a restaurant where ceviche, one of Peru’s signature dishes, is a favorite, as well as a hostel on the top floor, where surfers used to come. “Now they don’t come anymore because there are no waves,” she lamented.

She added that she has been badly affected psychologically and suffers from terrible anxiety.

“There is also contamination of the soil that affects our bronchial tubes and mistreatment by the company’s personnel, who trample on our dignity when giving us the agreed-upon amounts. They have told us that for Christmas we will receive a basket of goods ‘because they have been ripped off’, as if we were begging for money when we are working people,” Bautista said.

During the IPS tour through the streets of the port of Chancay, the dialogue was with women neighbors and leaders, because the male leaders were away on other business.

The Association in Defense of Housing and the Environment of the port of Chancay and other local residents’ organizations know that there will be no going back on the works because “the economic interests and political lobbying are very strong,” said Arce.

She explained that in view of this they are proposing the formation of a multisectoral round table at the government level to evaluate the Environmental Impact Study and to recognize local residents as being affected by the project, as this will be the only way to fight for a compensation policy that they currently have no legal basis for demanding.

María Bautista is the owner of a small ceviche restaurant, which has seen better times and has declined due to the absence of tourists and surfers who no longer choose the beaches of Chancay as a destination because the works of the mega-port have reduced the waves. CREDIT: Mariela Jara / IPS

María Bautista is the owner of a small ceviche restaurant, which has seen better times and has declined due to the absence of tourists and surfers who no longer choose the beaches of Chancay as a destination because the works of the mega-port have reduced the waves. CREDIT: Mariela Jara / IPS

Arce said the local populace would join the protests because as the work progresses, the range of damage will increase, as is happening with the construction of the tunnel under the streets.

They are also beginning to feel the impacts of the overhead road that “will create a traffic jam at kilometer 80 of the North Pan-American highway, harming not only us but everyone who tries to drive along that road,” she said.

“We are a pebble in the giant’s shoe,” she summed up.

A boost to the economy?

Economist Norma Canales, who lived in the Huaral valley as a child, said there is a possibility that the multipurpose port of Chancay will increase GDP, as claimed by its advocates, which could contribute to improving the quality of life of the local population.

However, she said it was necessary to take into account the impacts that it will have on the lifestyle of local inhabitants, because it will lead to a radical change in their urban and productive infrastructure.

“It will mean going from a town of small-scale fishermen and farmers to a mega-port city receiving traffic of large-capacity shipping vessels,” she told IPS.

Against this background, she said, it was important not to lose sight of the possible population growth due to the demand for employment that may arise, which will require a response that guarantees access to services such as water, electricity and housing.

Myanmar Refugees Build Schools, Cafes and Hope in Mae Sot

By Paul Greening
Dec 19 2023 (IPS-Partners)

 
The typical image of a refugee is a poor person with their hands out asking for aid. The Burmese refugees in Mae Sot on the Thai-Myanmar border defy that stereotype. Many are middle-class, educated urbanites with skills and plenty of initiative.

After standing up to the Burmese military and suffering for it, they left everything and fled for their lives to Mae Sot where they continued their struggle. Despite intimidation, exploitation by some Thai authorities, and living in fear without documentation, they have achieved a lot in under two years. Their purpose is to support their community and the revolution in a variety of ways through their resilience, commitment, ability and innovation.

Some refugees have set up businesses such as cafes, restaurants, bars, shops, hairdressers, a farm and cross-border trade. While they are for-profit, they also provide employment for other refugees and donate to the most vulnerable.

One café owner said, “If I am lucky, I break even but the café gives refugees employment, keeps them occupied and is a place where Burmese can meet and relax.”

A café set up by a refugee is a place to meet and relax.

They also contribute to the town by purchasing supplies and providing services. Unfortunately, Thai authorities don’t see it this way and don’t make life easy. The refugee entrepreneurs need to partner with Thais and compensate Thai authorities for their lack of legal documents.

Other refugees in Mae Sot have formed community-based organizations (CBOs), including a 15-baht meal enterprise that sells about 400 meals a week and gives away a further 100. There is also a free shop stocked with donated items.

Cooks prepare 15-baht meals.

Many refugees arrive in Mae Sot with nothing, so some organizations have set up “safe houses” where their basic needs are catered for. To support the most vulnerable, CSOs provide free basic monthly food rations. Others have started bookshops and a library. At least one informal refugee school has been set up, funded by personal donations. Refugees even have a radio station, which airs programs twice a week.

Both child and adult refugees arrive suffering from trauma, but venues for activities such as sport, yoga, art, music and dance give psychosocial support and help the healing process. A Burmese professional violinist has started an orchestra and even teaches music in nearby Thai schools. One’s identity is linked to what one does. As the music teacher said, “Now I am a violinist again!”

A school set up by an asylum seeker in Mae Sot. / Our School

Another refugee said, “Through the challenges and suffering, I found a renewed purpose in life.”

Importantly some organizations also support internally displaced people (IDPs) from Myanmar without international funding.

The psychosocial support provided by CSOs and CBOs also covers women suffering trauma from gender-based violence.

Many of these refugees have been through hell, which makes their actions even more impressive. Their journeys follow a similar pattern.

A bookstore and library set up by refugees

“I worked in the music business and then after the coup we protested peacefully until the military started killing us,” said one. “Then I ran to the jungle and was a frontline fighter until my friend was killed right next to me. After that, I fled to Mae Sot.”

Those who chose combat had no desire to fight, said one female fighter.

“However, as the military council’s crackdown intensified and peaceful protestors were met with brutality, I made the difficult decision to join the urban guerrilla movement,” she explained.

Another taught computing in Mandalay but joined street protests after the coup, and later became an urban guerilla. Following military training, she fought with a People’s Defense Force (PDF) group. Several of her comrades were killed so, suffering from post-traumatic stress disorder (PTSD), she escaped to Mae Sot. Though still needing medication for her trauma, she has started several enterprises to support other refugees.

“It helps with my PTSD,” she said.

The Free Shop is stocked with toys and other items. / Free Shop

One of her enterprises is a school that has grown quickly to meet demand.

“Our School” started with 13 students from nine families known as the “Nine Famili”. Over time, the number of students has grown to around 100 across two branches of the school. “Initially, there was only one teacher – me. However, now there are six volunteer teachers who contribute their knowledge and expertise. Additionally, three doctors take turns providing health knowledge and care.”

She achieved all this while suffering from PTSD!

One artist has produced a book of his drawings and diary from his time in Yangon’s Insein prison (available to buy from SEA Junction in Bangkok), recording a very personal account of suffering. He drew on small scraps of paper that were later smuggled out of the prison.

Shower time in Insein prison, Yangon

The trauma suffered by refugees is compounded by Thai officials, who treat asylum seekers as illegal migrants and harass and exploit them. Instead, refugees should be issued with a one-year temporary work permit, which would also give authorities more control as well as tax income. In this win-win situation, the only losers would be those exploiting the refugees.

The refugee enterprises have achieved a lot with no external funding but could achieve a lot more with just a little money. The international community should divert some funds from United Nations agencies to these community-based enterprises as a more cost-effective solution.

One refugee summed up their commitment: “Together, we face the challenges, share our burdens, and stand united in our struggle. We, the people affected by the coup, are bound together by our shared experiences and determination to bring about positive change.”

With impressive, strong, committed innovative youth like this, there is hope for the future of Myanmar.

Paul Greening is an ex-UN senior staff officer with over 20 years of experience in six Asian countries working for six UN agencies and four INGOs. He worked in Sittwe, Rakhine State for the International Organization for Migration (IOM) from 2017 to 2020 and has been living in Mae Sot for two years.

First published by Myanmar news outlet Irrawady

Duck Creek Technologies Adds Lloyd’s of London Integration to its Reinsurance Cloud Platform

LONDON, Dec. 19, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces support for and integration into Lloyd's Outwards Reinsurance Scheme (LORS) for its ceding reinsurance customers using Duck Creek Reinsurance. Lloyd's of London demands their members to have robust outwards (ceding) reinsurance strategies with appropriate systems, controls, procedures, and expertise to enable the effective management of outwards reinsurance purchasing and recoveries. With this latest functionality, Duck Creek Reinsurance continues to offer global carriers the necessary tools to integrate into the world's leading reinsurance market.

The LORS capability within Duck Creek Reinsurance offers all the code sets used in LORS and USM messages, enabling Lloyd's members and Duck Creek customers to directly connect to and interact with the Lloyd's technology platform and processes. Duck Creek Reinsurance is equipped with the required data structure to support LORS Outward Reinsurance Advice Message to advise underwriters of transactions which are new, amended, or replaced by brokers, as well as Underwriter Response Messages which are used to advise underwriter authorisations, objections, and data changes. Duck Creek's LORS integration also will confirm successful batch processing or report errors and will automatically notify insurance carriers regarding ceding movements and processing status. The Duck Creek Reinsurance LORS module includes full audit trail functionality giving insurers the ability to delete pre–authorised items or groups of items where they are in error and to request authorisation for signed items to be cancelled.

"Duck Creek's LORS integration demonstrates our commitment to the London reinsurance market. As we build upon over three decades of market–leading reinsurance management capabilities, Duck Creek Reinsurance is delivering the core functionality and innovation to enable global growth for our reinsurance customers," says Julien Victor, managing director, reinsurance management. "Duck Creek is also involved in the Lloyd's Blue Print 2 initiative and we are proud to lead the market with cloud–based technology that supports many of the world's most prominent insurance carriers' reinsurance programs spanning the London, European, APAC, Bermuda, and USA territories."

Duck Creek Reinsurance is a SaaS–based cloud platform that connects with any policy or claims system, data warehouse, and downstream general ledgers to track all the information related to reinsurance contracts (treaties and facultative contracts), claims, accounting data, technical data, auxiliary data, financial data, and more). Duck Creek Reinsurance has built–in reporting and can also connect to popular corporate reporting solutions. Duck Creek Reinsurance is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements.

About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market–leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand.

Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information "" LinkedIn and Twitter.

Contact
Drake Manning
drake.manning@duckcreek.com


GLOBENEWSWIRE (Distribution ID 9006572)

Weathering the Storm: Navigating Climate-Care Nexus in the Philippines

Credit: UNICEF Philippines/JMaitem

By Channe Lindstrøm Oğuzhan, Leah Payud and Jessica Henn
MANILA, Philippines, Dec 19 2023 – In a coastal community in Tacloban City in Leyte, Philippines, Maria’s life was intricately woven with the ebb and flow of the sea. Her days were filled with caring for her two young children and selling fish caught by her husband at the market. Little did she know that winds of change were brewing far beyond the horizon.

In 2013, Typhoon Haiyan descended upon Maria’s community with an unforgiving force, leaving a haunting landscape of destruction. As the wind and rain subsided, Maria emerged from what remained of her home. Her heart shattered as she surveyed the wreckage.

Many people had been killed, including her husband. With no time to grieve the loss, the weight of being the primary caregiver intensified as Maria’s thoughts turned to her children.

Maria had to walk further each day, just to secure a meager ration of rice and clean water. Her youngest child had developed a persistent cough. Ordinarily, she would have rushed to the local clinic, but now she felt helpless as the nearest functioning healthcare facility was miles away. The school, where Maria’s eldest daughter once eagerly learned, now stood as a skeletal reminder of interrupted dreams.

Like many women in the Philippines, Maria had to juggle the responsibilities of rebuilding a home, providing for her children, and ensuring their survival. A study by Oxfam Pilipinas showed that women usually spent an average of 12.53 hours daily on care activities before the typhoon. The women of Leyte faced a common struggle, and Maria found solace in the Filipino bayanihan, the communal spirit of helping one another.

As the island rose from the ruins, Maria’s story became one of resilience. The scars of Haiyan were evident, but so were the stories of survival, of caregivers who carried the weight of their communities on their shoulders.

Maria’s situation is not an isolated case. The Philippines is ranked as the world’s most disaster-prone country due to its high susceptibility to disaster and lack of adaptive and coping capacities. During disasters, both direct and indirect care work increase due to disruption of care-related services.

Recognizing climate change’s profound impact on care work, the Philippines has been at the forefront of addressing the climate-care nexus. Oxfam Pilipinas and its partners have been campaigning to tackle social norms, advance policy reform and emphasize the importance of unpaid care work in community resilience building, leveraging evidence of exacerbated care tasks post-Haiyan.

This year, a pivotal moment in this endeavour was marked by a subnational consultation on care organized in Region 8 by ESCAP, Oxfam Pilipinas, the National Economic Development Authority-Region 8, Philippine Commission on Women and Philippine Rural Reconstruction Movement. This event, timed during the 10-year commemoration of Typhoon Haiyan, provided a platform to delve into the dynamics of the climate-care nexus.

The consultation deepened the understanding of the intersection between climate and care, with the presentation of ESCAP’s recent policy paper on gender equality and climate change. The discussions illuminated the commendable progress made by the Philippines in advancing the care economy, notably through their recent national consultation on care and successful policies, including care ordinances led by local government units.

However, significant challenges emerged, such as the provision of climate-resilient care infrastructure and care policy implementation, especially in rural and remote areas. Additionally, concerns were raised about the limited availability of unconditional social protection measures focused on care, highlighting caregivers’ vulnerabilities during disasters.

During the event, Oxfam Pilipinas appealed to the local government agencies and decision-makers to make visible the invisible, making the case that care work is integral and crucial when thinking of solutions to address climate change. They highlighted the importance of bringing about the agency of carers, mostly women and girls, as active participants in any change process.

ESCAP’s Conceptual Framework for Policy Action on Care Economy emerged as a tool for addressing climate-care challenges in Region 8. This framework outlines four crucial policy categories for addressing the care economy: care infrastructure, care-related social protection, care services and employment-related care policies.

These components aim to tackle unpaid care work, promote equitable distribution, and ensure accessible, affordable and high-quality care services.

The active participation of line ministries, local government officials, and CSO representatives, sparked innovative ideas which culminated in recommendations to address the climate-care nexus in Region 8.

These included the need to improve national data on unpaid care, increasing the role of women as stewards of nature-based solutions such as mangrove restoration, and the potency of creating a cohort of champions to recognize and redistribute care work through shifting norms and formulation of policies.

Haiyan’s aftermath exposed the vulnerabilities of caregivers to climate change, yet, the Philippines has emerged as a pioneer, embarking on a journey to address the intricacies of climate and care. The valuable insights and strategies developed through these efforts now stand as a blueprint for the entire Asia-Pacific region which is the most disaster-prone in the world. Let’s build on these initiatives and propel towards a world that is more gender-equal and climate-resilient, where no one is left behind.

Channe Lindstrøm Oğuzhan is Social Affairs Officer, SDD, ESCAP; Leah Payud is Resilience Portfolio Manager, Oxfam Pilipinas; and Jessica Henn is Junior Consultant, ESCAP

IPS UN Bureau

 


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Caribbean Confidence High Post COP28, But Vigilant Follow-Through on Key Deals Needed

A peninsula separates the Atlantic Ocean and Caribbean Sea in the southwestern village of Scottshead, Dominica. Post-COP28 the region plans to create a Climate Smart Zone in the Caribbean - one of the world’s most climate-vulnerable regions. Credit: Alison Kentish/IPS

A peninsula separates the Atlantic Ocean and Caribbean Sea in the southwestern village of Scottshead, Dominica. Post-COP28 the region plans to create a Climate Smart Zone in the Caribbean – one of the world’s most climate-vulnerable regions. Credit: Alison Kentish/IPS

By Alison Kentish
SAINT LUCIA, Dec 19 2023 – Buoyed by USD 800 million in pledges to the Loss and Damage Fund and an unprecedented agreement to transition away from fossil fuels, but grounded in the reality of the work ahead to meet key climate targets, the Caribbean will need to maintain its focus on sustainable agriculture, renewable energy, and climate resilience.

That is according to Raquel Moses, UNFCCC Global Ambassador of Small Island Developing States and CEO of the Caribbean Climate Smart Accelerator (CCSA), a partnership of 28 Caribbean governments and global companies working towards making the Caribbean a climate-smart zone.

Moses led a small but dedicated three-woman CCSA team to the climate talks in Dubai. There, the team participated and hosted events to secure financing for climate-resilient projects in the Caribbean, advocate for the Loss and Damage Fund, and present innovative, home-grown solutions to build resilience in the Caribbean.

“The first global stocktake synthesis report by the UNFCCC provides a roadmap for all parties to accelerate their climate action efforts to meet the 1.5-degree target, and the ‘Later is Too Late campaign,’ which we were proud to be a part of, created a strong push for the just phase-out of fossil fuels, the tripling of renewable energy, and the doubling of energy efficiency. While there is still much work to be done, we are especially hopeful given the leadership coming from the Caribbean, which continued to coalesce around one strong voice throughout the COP process,” Moses said.

The deals at COP28 have been tempered by the reality that what happens next will be more important than the pledges and text on paper.

“It is following through to understand how this manifests itself and what is the climate justice impact of a particular decision. When you hear things like climate finance being operationalized for particular things, looking at when the board is implemented on the Loss and Damage Fund, who is on that board and what kind of autonomy do they have? What kind of ability do they have to act with speed, for example? And that for me is a climate justice issue,” she said, noting that the Caribbean needs investment and it also needs heightened philanthropy to meet climate goals.

Among those goals is a long-term vision of creating a Climate Smart Zone in the Caribbean, one of the world’s most climate-vulnerable regions. Moses says the accelerator will build on projects that promote sustainable agriculture, renewable energy, and resilience-building.

“We are excited about our climate-smart agriculture that was launched in August in Anguilla, Barbados, and the Cayman Islands and are looking to see that expand next year. We are always looking for donors that are willing to help us to fortify and secure our food. That is a huge part not just of our adaptation, but it can also be a source of our mitigation because the carbon dioxide that we spend on importing food is unnecessary. As the climate crisis exacerbates, it means that there is more uncertainty in our food production,” Moses said.

As it promotes climate-resilient solutions for the Caribbean, the Accelerator is investing heavily in innovation. It observed a milestone in Dubai when officials launched a Climate Smart Map, a platform with climate action data for 26 Caribbean countries. It is a major relief for a region beset with challenges in accessing current, reliable data for development.

“It demonstrates leadership in global transformation and showcases that we are capable of homegrown, cutting-edge solutions.This data-rich tool pinpoints the main areas of progress and needs across CCSA’s 28 coalition countries, enabling project curation and entrepreneurship. This will help project developers, philanthropists, and investors take a regional view of addressing our needs. To advocate for the Loss and Damage Fund, which has now been operationalized and is beginning to be seriously capitalized,” Moses said.

While the map addresses the dearth of data in the region, the accelerator will be working hard on two other major challenges: fit-for-purpose financing and project preparation funding.

“The Caribbean boasts remarkable projects and visionary initiatives—such as the D30 biofuel by the Carbon Neutral Initiative in Jamaica and the ambitious push for 100% renewable energy in countries like Aruba, Barbados, Dominica, and Grenada—but securing fit-for-purpose financing remains a persistent hurdle,” CCSA’s Director of Public Sector Projects Kiesha Farum told IPS ahead of the climate talks.

“Many projects also require funding for due diligence, assessments, and analysis to attract investor interest and to become ‘bankable.’ Actively pursuing financing is where we see grants, philanthropy, and concessional financing playing a major role. Bringing this type of financing to the region is of great focus, particularly during major events like COP and investor forums aimed at matching projects with potential investors,” she said.

Caribbean SIDS have rallied around calls by Barbados’s Prime Minister, Mia Mottley, for an overhaul of global climate financing. She has said that this shake-up, coined the Bridgetown Initiative, would be based on climate justice, ensuring that the greatest contributors to the climate crisis help countries like those in the Caribbean access finance to respond and build resilience to a crisis they did little to create.

The initiative also promotes innovative financing for climate-related projects. Those at the heart of the mission to build a climate-smart zone in the Caribbean know that conventional financing mechanisms are no longer sufficient to address present climate realities.

“Traditional financiers often seek long-term guarantees and short-term returns, which may not align with the nature and timelines of many climate resilience projects, such as those focused on nature conservation. On a national scale, solutions like debt-for-nature and debt-for-climate swaps, where a portion of government debt is cancelled in exchange for commitments to fund nature conservation projects, prove immensely beneficial,” the CCSA’s Finance Innovation Director, Cheryl Senhouse, told IPS.

‘A notable example is Belize, which completed the world’s largest debt refinancing through a debt-for-nature swap in 2021, directing USD 364 million for marine conservation. Similarly, Barbados executed a USD 150 million debt swap in 2022, generating USD 50 million for marine conservation. Given the significant contribution of the tourism sector to many Caribbean countries’ GDP, solutions like these have positive cascading effects.”

The CCSA officials say the road to COP29 started on December 13. It is a nod to the work ahead. For the Caribbean, it signals the need for greater solidarity and action on sustainable food systems, renewable energy projects, and innovative financing.

“We will continue to work ambitiously to expand on our climate smart map, secure fit-for-purpose financing for projects that will protect 30% of our land and ocean. We want to see the region reach 90% Renewable Energy for All by 2035 and usher in a new economy with at least 1.5% new green jobs,” said Moses.

IPS UN Bureau Report

 


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Top Tier Impact Investment Panel & Dinner: Accelerating the Energy Transition and Decarbonisation during COP28

DUBAI, United Arab Emirates, Dec. 19, 2023 (GLOBE NEWSWIRE) — The Top Tier Impact Investment Panel & Dinner, hosted at the DoubleTree by Hilton Dubai Jumeirah Beach on Thursday, December 7th, 2023, emerged as a resounding success during the COP28 summit, fostering meaningful discussions and connections on impact investing and global impact.

The evening commenced with a welcome by lkay Demirdag, TTI Head of Global Events, followed by insightful opening remarks by Alessa Berg, Founder and CEO of Top Tier Impact. The keynote presentations from David Scott (Emirates Nuclear Energy Corporation) and Sweta Chakraborty, PhD (We Don't Have Time, North America CEO) set a thoughtful tone for the discussions ahead in the energy space.

The heart of the event unfolded through two substantive panel discussions:

  • “Accelerating the Energy Transition” – Moderated by Alessa Berg, this panel delved into the pioneering efforts of Tarkan Ozballar, EnerGreen CEO, in utilizing blockchain for renewable energy investment. Burak Kuyan, CEO of Galata Wind, shared insights into the production of 100% renewable energy across Turkey, and Melanie Mann, Head of ESG at ARCH Emerging Markets Partners, provided perspectives on delivering value through sustainable investments.
  • “The Role of Impact Investing in Decarbonisation” – Moderated by lkay Demirdag, this panel featured Kadir Gungor, Chairman of Sustainable Impact Capital & Holding, Mattia Pipino, Group CEO of Green Coast Enterprises, Maher Al Kaabi, Advisor to Group Chairman & Independent Board Member at Alserkal Group, and Pierre Abadie, Group Climate Director at Tikehau Capital. Each speaker shared their organizational journey toward sustainable development and climate resilience.

Alessa Berg, founder and CEO, comments "As we reflect on the success of the event, we share our gratitude to all attendees, speakers, and sponsors. The TTI Impact Investment Panel & Dinner shows the power of collaboration to create synergies such as investments, partnerships, and other forms of collaboration among the leaders who are advancing sustainable initiatives globally."

We express gratitude to our sponsors: EnerGreen, the world's first blockchain–based solution for investing in renewable energy plants, Galata Wind, a subsidiary of Doan Holding, committed to producing 100% renewable energy across Turkey and ARCH, facilitating the transition to low–carbon, climate–resilient, and sustainable economies by providing a tier–one governance platform for specialist strategies.

Top Tier Impact

Top Tier Impact (TTI) was founded in 2019 by Alessa Berg to create more synergies in the climate and ESG space. She observed systematic gaps in the space over time and created TTI with the mission of accelerating the mainstream adoption of impact and sustainability in the way companies do business all around the world.

By connecting the most action–driven, results–oriented impact leaders globally, TTI accelerates the success of their community by enabling and encouraging investments, partnerships, deals, knowledge exchange, and more.

www.toptierimpact.com
support@toptierimpact.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae9deafd–627c–44b3–bd0b–3e77f2972cee


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