Bridgetown energy storage initiative

What is the Bridgetown initiative?

The Bridgetown Initiative presents an opportunity to create lasting change and propel us towards a brighter tomorrow. About the author: Odinaka (“N.K.”) Ezeobele is a recent EMPA graduate of the Columbia University School of International and Public Affairs (SIPA), where her focus was on International Economic Policy and Sustainability.

Is Bridgetown a viable climate mitigation project?

Add a private sector risk premium and the country-ceiling credit rating, and few projects are commercially viable in the developing world. The Bridgetown solution is a Climate Mitigation Trust that borrows on the international capital markets with the backing of $500bn of Special Drawing Rights, donor guarantees, or similar.

What is the Bridgetown solution?

The Bridgetown solution is a Climate Mitigation Trust that borrows on the international capital markets with the backing of $500bn of Special Drawing Rights, donor guarantees, or similar. It could be an IMF Trust or the private sector arms of regional development banks to increase flexibility.

Which measures have been removed from the Bridgetown initiative?

Most strikingly, however, all measures related to debt reduction, debt cancellation and reform of the international debt architecture have been removed from the Bridgetown Initiative as it stands now.

Is Bridgetown a merger with the SDG stimulus package?

The second version, Bridgetown 2.0, was released in time for the UN climate summit in Bonn in June 2023, and looked like a merger with the SDG Stimulus Package being promoting by the UN through its Secretary-General, António Guterres.

Can the Bridgetown agenda improve economic transformation in Africa?

Prime Minister of Barbados Mia Mottley speaking at the 16th Raúl Prebisch Lecture in Geneva, 2019. Timothy Sullivan/UNCTAD CC BY-SA 2.0 Adopting the Bridgetown Agenda to address the climate emergency has the potential to better support structural economic transformation in Africa.