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NEIA releases study examining opportunities in the Caribbean for Newfoundland and Labrador firms provided by International Financial Institution financing

For Immediate Release
December 20, 2018

The Newfoundland and Labrador Environmental Industry Association (NEIA) has released a report it commissioned in 2018 that examines opportunities for firms in the province in to pursue business in Caribbean markets through climate change and environmental programming offered by International Financial Institutions (IFIs).

“Export markets in the Caribbean continue to be of importance for businesses in this province,” says NEIA’s Executive Director, Kieran Hanley. “The region faces enormous climate change challenges; this – in combination with recent natural disasters and financial commitments from the Government of Canada – provide opportunities through IFIs for firms with environmental products or services.”

Hanley says the report identifies IFIs operating in markets of interest to Newfoundland and Labrador firms, and outlines their priorities and programming relating to climate change, environment, and sustainability. “The study is structured to focus on the opportunities that are most relevant to the strengths of firms here in this province,” says Hanley.

The report also provides current jurisdictional snapshots for thirteen markets of interest in the Caribbean, including: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, and
Trinidad and Tobago.

Firms interested in receiving a copy of the study can contact NEIA’s Manager of International Business Development, Abbie Lacey, at abbie@neia.org.

Since 2014, NEIA has had an active program of activities – including six in-market engagements – supporting firms from the province to pursue opportunities in the Caribbean. “The environmental challenges being faced by these small and primarily island nations – from coastal erosion to wastewater management to their distance from major markets – are very similar to the challenges we are facing here at home,” says Hanley. “The products and services developed in Newfoundland and Labrador are relevant, at the right scale, and can in many cases be adapted for use in the Caribbean.”

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at http://www.neia.org.

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Media Contact:
Kieran Hanley
kieran@neia.org

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