Friday 5 June, 2020

Time for a new economic model

(L-R) Ann Harding, Program Manager of the Future Center Trust; David Bynoe, National Coordinator of the GEF Small Grants Program; Chisa Mikami, Deputy Resident Representative of UNDP Barbados and Angela Moore, President of Healing Waters International Ministry.

(L-R) Ann Harding, Program Manager of the Future Center Trust; David Bynoe, National Coordinator of the GEF Small Grants Program; Chisa Mikami, Deputy Resident Representative of UNDP Barbados and Angela Moore, President of Healing Waters International Ministry.

National Coordinator of the UNDP Global Environment Facility (GEF) Small Grants Programme, David Bynoe, believes a green solution is the fix for the country’s depressed economic state and all Barbadians need to work fervently towards implementing such initiatives. 

He spoke to the media this morning during a briefing on the upcoming National Green Knowledge Fair being hosted by the GEF Small Grants Program and the Future Center Trust on November 3 - 4. The fair will bring together entrepreneurs, homeowners, students and private sector companies to facilitate knowledge exchange as well as replication of successful green projects already underway.

“We have all seen from the recent downgrades that our path is not sustainable. This current model that we have mimics very closely the global economic model which is consumption-led, production-driven and GDP-measured.”

Bynoe said this global economic model has resulted in negative effects such as environmental damage, high poverty and unemployment levels as well as a high incidence of non-communicable diseases (NCD’s).

He said while government and other private-led entities have acknowledged that a green economy is one such way to address these problems, there is still a significant gap between awareness of the problem and active steps towards properly addressing it which was made evident in the recent Barbados Green Economy Scoping study.

Bynoe said the National Green Knowledge Fair intends to close this gap by scaling up on projects Barbadians are already performing well in such as photovoltaic energy and water harvesting and the creation of organic chemical products.

The two-day fair is scheduled to be held in Queen’s Park under the theme ‘Connecting People to Nature: Pathways to the Green Economy’. It will include over 30 exhibitions from green businesses, art and innovation competitions.  

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