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Monday, May 23, 2022

Gov’t now seeking Climate Change Trust Fund board nominees

Gov’t now seeking Climate Change Trust Fund board nominees

Three years following its disbandment, the government is now actively seeking applicants from the private sector and non-governmental organisations (NGOs) to form a new Climate Change Trust Fund Board (CCTFB).

A notice was issued yesterday, March 3 inviting written applications and nominations of persons for appointment to the board.

In the notice, it was highlighted that the public is afforded the opportunity to nominate candidates for appointment.

According to the notice, the board serves to facilitate links between domestic and international climate change finance sources and serves as a catalyst to attract investments to implement priority climate change adaptation and mitigation actions.

The board also functions as the national implementing entity to receive direct financing from any external sources to carry out climate change adaptation and mitigation projects and programmes.

Who can apply and be nominated


The six non-government applicants or nominations are required to be either a private sector representative of the tourism industry; a private sector representative of the financial services sector; a private sector representative of any sector responsible for making contributions to the fund, not already represented on the board; or a representative from an academic or research organisation ordinarily resident in the territory.

Further, applications can also be received from persons who are either a representative from a non-governmental organisation or community-based organisation ordinarily resident in the territory and an individual ordinarily resident in the territory, who may possess relevant knowledge, expertise or experience related to the purposes of the Climate Change Trust Act.

The Board of Trustees is primarily responsible for providing the organisation with sound governance, fiduciary and strategic oversight, and direction.

It is also required to oversee the operations of the organisation, ensuring that the public’s trust is upheld, the mission addresses the climate resilient strategic actions for the Virgin Islands, the practices are ethical, and legal requirements are met.

Another responsibility of the board is assuring the financial integrity and solvency of the organisation and establishing procedures to safeguard the organisation from fraud and risk.

The closing date for applications and nominations to the board is on March, 29.

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