[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111590-en":3,"doc-seo-111590-105":28,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":11,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},111590,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","RSF ASSESSMENT LETTER UPDATE - JAMAICA - July 15, 2024","RSF Assessment Letter Update for Jamaica (dated July 15, 2024) summarizes changes since prior RSF assessment updates, focusing on country vulnerability, policy frameworks, and World Bank engagement. It reports no new developments on some vulnerability and challenge areas while detailing continued adaptation initiatives, including climate-risk oversight in banking and planned green/blue finance mechanisms. It outlines mitigation progress via renewable energy targets, recent RE tender outcomes, and forthcoming tenders, and describes a Cat DDO development policy financing under preparation to strengthen disaster risk management, resilience, and the green low-carbon transition.","Public Disclosure Authorized Public Disclosure Authorized  \nRSF ASSESSMENT LETTER UPDATE – JAMAICA  \nJuly 15, 2024  \nThis update to the RSF Assessment Letter—Jamaica (dated February 7, 2023; Annex 1) and the RSF Assessment Letter Update—Jamaica (dated February 15, 2024; Annex 2) highlights relevant changes that have occurred since the issuance of the last Assessment Letter Update.  \nA. Country Vulnerability to Climate Change, Including Human, Social and Economic Costs for the Country Arising from Climate Change Vulnerabilities  \nNo updates since the last assessment letter.  \nB. Government Policies and Commitments in Terms of Climate Change Adaptation and Priority Areas to Strengthen Resilience  \nThe government continues to advance policies related to climate change adaptation: The Bank of Jamaica (BOJ) completed a roadmap to enhance the oversight of climate-related risks in the banking sector. The roadmap was published in December 2023. As a follow up measure, the BoJ is planning to require financial institutions to report periodically their climate risk exposures.  \nThe Development Bank of Jamaica (DBJ) is planning to establish a green blue finance facility. The DBJ is exploring the feasibility of launching financial vehicles/instruments to finance projects aligned with objectives of climate mitigation and adaptation with a working title of a Green/Blue Facility. The establishment of such facility is expected to (1) scale financing level provided by DBJ for green/blue projects by private companies and public-private partnerships, and (2) create a resource mobilization platform to raise resources from international finance institutions, other sources of concessional finance, and private investors.  \nThe Bureau of Standards Jamaica (BSJ) has approved updates to strengthen Fire Code, the Building Code and the Small Building/Residential Code. Updates are aligned with international standards including provisions that increase climate and disaster resilience. The Codes have been published in the Jamaica Gazette, which is the final step for statutory approval.  \nC. Government Policies and Commitments in Terms of Climate Change Mitigation and Priority Areas to Reduce GHG Emissions  \nJamaica has taken proactive steps to increase the share of renewable energy in the energy mix. The Government of Jamaica Integrated Resource Plan I (2018), which sets out Jamaica's 20-year plan for the sector, increased the goal on the share of renewable energy from 20 percent to 50 percent by 2037. In 2023, the Generation Procurement Entity (GPE) launched its first round of RE tenders for 100 MW, setting the bid submission deadline for April 5, 2024. The GPE has received 12 bids and is in the evaluation stage, with an expected award announcement by mid-Q3 2024. Furthermore, plans are underway for a second, technology-agnostic tender for 168 MW that will encompass both energy generation and storage, planned for Q4 2024.  \nD. Any other challenges, including inter or cross-sectoral, policy reversals or institutional  \ncapacity issues, to be addressed to make progress in tackling climate risks and any ownership/policy related issues.  \nNo updates since the last assessment letter.  \nE. WB engagement in the area of climate change  \nThe Government of Jamaica requested the World Bank to prepare a Development Policy Financing with a Catastrophe-Deferred Drawdown Option (Cat DDO) aimed at strengthening disaster risk management capacity and building adequate fiscal and financial buffers to reduce Jamaica’s vulnerability to disaster and climate shocks. The operation, currently under preparation, will support reforms to strengthen the enabling environment for private sector development, enhance adaptation to disasters, and facilitate the green low-carbon transition. The Cat DDO pillar, which anchors a forward-looking program of policy actions and support to build disaster and climate resilience, will provide the country access to the crisis toolkit enhancements. The ","cbCaipoXHsrS9Gxb","https://ap.wps.com/l/cbCaipoXHsrS9Gxb","pdf",255420,1,"English","en",105,"# RSF Assessment Letter Update – Jamaica\n## A. Country vulnerability to climate change\n## B. Government policies for adaptation and resilience\n## C. Government policies for mitigation and GHG reductions\n## D. Other cross-sector challenges and capacity issues\n## E. WB engagement in climate change\n## Annex 1: RSF Assessment Letter – Jamaica","[{\"question\":\"What updates were reported for Jamaica’s country vulnerability to climate change?\",\"answer\":\"The July 15, 2024 update states there were no updates since the previous assessment letter for this section.\"},{\"question\":\"Which adaptation-related initiatives are highlighted in the update?\",\"answer\":\"The update highlights progress in enhancing oversight of climate-related risks in Jamaica’s banking sector, planning for financial reporting on climate risk exposures, and exploration of a green/blue finance facility to scale financing for climate-aligned projects.\"},{\"question\":\"How does the document describe Jamaica’s renewable energy and emissions mitigation progress?\",\"answer\":\"It notes increased renewable energy targets up to 50% by 2037, reports the first round of renewable energy tenders for 100 MW with bids received and evaluation underway, and outlines plans for a second technology-agnostic tender for 168 MW including generation and storage.\"}]",1784490816,20,{"code":4,"msg":29,"data":30},"ok",{"site_id":23,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":26},"rsf-assessment-letter-update-jamaica-july-15-2024","",{"@graph":34,"@context":84},[35,52,67],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,49],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":48},"https://docshare.wps.com/document/research-report/",3,{"item":50,"name":13,"@type":41,"position":51},"https://docshare.wps.com/document/rsf-assessment-letter-update-jamaica-july-15-2024/111590/",4,{"url":50,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":22,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":39,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What updates were reported for Jamaica’s country vulnerability to climate change?","Question",{"text":74,"@type":75},"The July 15, 2024 update states there were no updates since the previous assessment letter for this section.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Which adaptation-related initiatives are highlighted in the update?",{"text":79,"@type":75},"The update highlights progress in enhancing oversight of climate-related risks in Jamaica’s banking sector, planning for financial reporting on climate risk exposures, and exploration of a green/blue finance facility to scale financing for climate-aligned projects.",{"name":81,"@type":72,"acceptedAnswer":82},"How does the document describe Jamaica’s renewable energy and emissions mitigation progress?",{"text":83,"@type":75},"It notes increased renewable energy targets up to 50% by 2037, reports the first round of renewable energy tenders for 100 MW with bids received and evaluation underway, and outlines plans for a second technology-agnostic tender for 168 MW including generation and storage.","https://schema.org",{"og:url":50,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":50},"index,follow",{"doc_id":7,"site_id":23},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,126,129,133],{"id":20,"doc_module":4,"doc_module_name":44,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":45,"doc_module":4,"doc_module_name":44,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":51,"doc_module":4,"doc_module_name":44,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":44,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":44,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":44,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":44,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":44,"category_name":124,"show_sort_weight":27,"slug":125},9,"Religion & Spirituality","religion-spirituality",{"id":27,"doc_module":4,"doc_module_name":44,"category_name":127,"show_sort_weight":27,"slug":128},"World Cup","world-cup",{"id":130,"doc_module":4,"doc_module_name":44,"category_name":131,"show_sort_weight":130,"slug":132},10,"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":44,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]