Dr Ulric Trotz, Deputy Director and science Advisor at the Caribbean Community Climate Change Centre (CCCCC), says  calls for a transformation of Green Climate Fund resources that could optimize and efficiently direct private investment and limited public resources. Peruse his proposal  below and listen to his exclusive interview on the inaugural edition of Caribbean Climate Podcast.

The inherent differences in the nature of Mitigation and Adaptation outcomes is consequential and should be a central feature of comprehensive climate change policy decisions, policies and programmes. While they both result in the production of a public good, that derived from mitigation (decreased carbon) is a global public good, and conversely, that derived from Adaptation is a local public good. Indeed, Adaptation is very country specific, hence the localized nature of the benefits derived therefrom. As a result, the product from Mitigation can be commoditised and traded on the local and/or global…