Spurring Innovation in the Marketplace to Strengthen Climate Resilience in the island of Jamaica May 25 to 26 Cartagena, Columbia Presenter: Saffrey Brown.

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Presentation transcript:

Spurring Innovation in the Marketplace to Strengthen Climate Resilience in the island of Jamaica May 25 to 26 Cartagena, Columbia Presenter: Saffrey Brown

BUSINESS AS A FORCE FOR GOOD

CLIMATE RISKS - WATER 1/3 rd rely on stand pipes 71% have piped water Poorest spend 3.2% on water Water lock offs affect 94% JA is getting warmer & drier Uneven distributio n

HOUSING & DEVELOPMENT A closer look

OPPORTUNITIES TO INNOVATE Construction sector is a key contributor to Jamaica’s development Construction contributes a significant portion of Jamaica’s GDP and employment Residential sub- sector has been identified as a target growth sector

Water adaptation landscape in JA Few water efficiency or conservation projects Water storage tanksOther water adaptation technologies are extremely limited and many are in exploration phase It is difficult to sell the benefits of other water efficient technologies to largely low price point houses Lack of dedicated finance for water efficient products Water prices across the country are rising, whilst aggravating the strain on the water supply

SO WHAT IS JN DOING? The time for ACT!ON is here.

OBJECTIVES 2. Prove the business and financial cases for building homes with water efficient measures 3. Increase the efficiency in the use of water by Jamaican homes 1. Facilitate the uptake of water efficiency measures in the housing sector

BENEFICIARIES Small local businesses and technicians Householders Housing developers and construction companies Young Jamaican entrepreneurs Jamaica National Building Society

KEY COMPONENTS The preparation of business cases and benefit-cost analyses Presentation of financial cases that address the advantages of water efficiency for home buyers Pilot study on water adaptation measures in Jamaica Potential opportunities related to climate resilience On-Lending Preparation of the business case Knowledge management Building professional technical capacity Fostering entrepreneurship The preparation of water adaptation guidelines for technical professionals A training module on the installation of rainwater harvesting and grey water recycling systems to name a few Climate Resilience Innovation Challenge

WE WANT BIG IMPACT Scalable Replicable

@saffreyb