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John Calixte Department of Planning and National Development, Ministry Of Finance, Government of Saint Lucia February 2015.

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Presentation on theme: "John Calixte Department of Planning and National Development, Ministry Of Finance, Government of Saint Lucia February 2015."— Presentation transcript:

1 John Calixte Department of Planning and National Development, Ministry Of Finance, Government of Saint Lucia February 2015

2 * Introduction * Macroeconomic Challenges * National Planning Framework * Sector Polices for a green Economy * Saint Lucia’s efforts at Green Economy

3 * The concept of green economy has become a centre of debate in recent years. * The concept carries a promise of a new economic growth paradigm that is friendly to the earths ecosystem and can contribute to poverty alleviation * It provides a response to the multiple crises the world has been facing recent years-food, climate and economic crises. * The transition to a green economy will entail moving away from the system that allowed and at time generated these crises to a system that proactively addresses and prevents them.

4 No unique definition for the Green Economy UNEP definition-one that results in improved human well being and social equality, while significantly reducing environmental risks and ecological scarcities The term underscores the economic dimensions of sustainability It responds to a growing recognition that achieving sustainability rests on getting the economy right

5 o what are the macro economic challenges that would be considered when incoporating green economy principles into a macroeconmomic policy frame work

6  Decling growth rates over the last 20 years  Average growth rate in the region -2.3%  High degree of openness to the global economy  International trade with goods and services  International financing, including foreign direct investment and sovergn debt  Worsening Trade balances  Poor trade performances  Weakening international competitiveness  Declining foreign direct invest

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8 Macroeconomic Performance

9 o A high dependence on strategic imports such as energy, food, industrial supplies and capital goods for agriculture and construction sectors o Makes it difficult to reduce imports in the short to medium term o Long term macroeconomic vulnerability related to sectoral productivity and wider economic growth o Vulnerability to natural disasters and climate variability o Despite significant investment in the education sectors there are issues of access, inclusiveness, quality and relevance of the sector o Weaknesses in the labour market reflects long term inequalities in the education system that fail to prepare students for the demands of a modern economy

10 o High Unemployment o Limited fiscal space caused by high debt to GDP ratios

11 * The Need for Greening the Economy

12 National vision National Development Plan Medium Term Development Sector plans Public Sector Investment Programme National Budget Agency Budget

13 * ENERGY * Achieve energy security and independence by reducing reliance on fossil fuels and increasing the use of renewable energy technologies * opportunities- solar energy tapping, biogas, geo- thermal exploration using investment partners, wind mills and even micro –hydro power, energy saving through the use of LED lights, green public buildings etc, * Use of fiscal incentives to promote transition to renewable energy generation

14 Agriculture o Diversify the agriculture sector away from banana production to increase food security through more efficient and less resource intensive production of non traditional crop o Opportunities- Agriculture diversification-water harvesting, terrace farming, Niche organic products, Composting and integrated crop management, expansion of cottage industries, mature tourism product to foster linkages, ecommerce market, increase in value added agriculture products for exports and tourism.

15 * Transport * Achieving energy efficiency in the transportation sector and providing incentives for the use of hybrid vehcles * opportunities- use of energy efficient vehicles, remove congestion, better infrastructure, alternate water taxi for travel, inter island connectivity improvement to reduce transport costs, improve public transport through public private partnership, increase in airlift through negotiations, improve airport facilities, improve port facilities

16 o Tourism- o Providing incentives for investment and efficiency in the Tourism Industry o Highly energy use and emission of greenhouse gases ( 70% in St Lucia) Energy audits would be required and based on that energy efficiency measures can be taken, tourism product diversification and preference for properly packed local products will boost social inclusion of the society in agriculture, creative industry and culture

17 * MANUFACTURING- * To reduce trade barriers and to develop small and medium size enterprise by introducing new green technologies through appropriate incentive regime. * Mobilisation of entrepreneurs interested in green investment business opportunities * Opportunity-Training and re-skilling of workers, introduction of more efficient models of production, access to credit

18 * Other areas

19 * Saint Lucia has undertaken foundational work in Integrated Development Planning (IDP), and identified a number of principles consistent with a Green Economy. A National Development Planning process is currently in progress, with a policy framework consisting sector-specific policies that identify cross-cutting issues, and containing unifying points. * Several bodies have been created, and are expected to strengthen the institutional framework for Green Economy pursuits. These include: -National Environmental Commission (NEC); -National Climate Change Committee (NCCC); -Coastal Zone Management Advisory Committee (CZMAC); and - National Council for Science and Technology for Development (NCSTD) -Energy Policy Advisory Committee (EPAC) Green Economy Steering Commitee * There are also initiatives geared towards natural resource management and conservation --- rainwater harvesting, solar energy, collection and exchange of spatial data, geothermal energy.

20 Some challenges currently faced include problems associated with economies of scale, the level of political will, under-resourced agencies, and overall ownership of the relevant issues. Nevertheless, the GOSL is committed to advancing national Green Economy plans (including investing in key economic sectors and safeguarding natural resources to improve livelihoods).

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