Private sector crucial for advancing climate resilience in Guyana – Foreign Secretary

He urged the private sector to invest in innovative solutions, such as climate-smart mechanisms, irrigation infrastructure, and nature-based approaches. Tangible investments in renewable energy were also deemed essential.

Meanwhile, US Ambassador Nicole Theriot, during her remarks, stressed that the private sector must leverage platforms like the US-Caribbean Business Forum to foster partnerships and access funding.

“PACC 2030 is not just a policy framework; it is not something we just take off the shelf from time to time. It is an invitation to action and provides a platform to pool resources and expertise in tech to catalyze progress in areas critical to Guyana’s development,” the US Ambassador said.

She highlighted that Guyana’s rich natural resources and strategic location present unique opportunities for renewable energy projects.

“But the US private sector really does have extensive experience in clean energy tech, from hydro to wind to advanced battery storage and grid modernization, which is important for Guyana,” Ambassador Theriot said.

The Ambassador further noted that Guyana can benefit from the expertise of US companies in sustainable farming practices, crop resilience, and climate-smart agriculture to advance food security.

“By forging partnerships with US agro-businesses and leveraging funding from PACC 2030—yes, there is funding available—Guyanese enterprises can enhance productivity and resilience.”

“But in order to capitalize on these opportunities, it is crucial for you, Guyana’s private sector leaders, to proactively engage with US policymakers and industry leaders,” she added.