IIC helps Jamaica’s Half Moon resort become "climate neutral-carbon neutral"

07/11/2010

Montego Bay, Jamaica- On July 12, 2010, the Inter-American Investment Corporation (IIC), through its GREENPYME program aimed at promoting energy efficiency, has sponsored an initiative to turn Half Moon, a resort located in Rose Hall, Jamaica, into one of the first climate neutral-carbon neutral hotels in the Caribbean.

GREENPYME, with support from the Austrian Trust Fund at the IIC, has calculated Half Moon’s carbon footprint. A carbon footprint is an assessment of the total (direct and indirect) set of greenhouse gas (GHG) emissions caused by an organization, event, or product. It is often expressed as the amount of carbon dioxide (CO2) or other GHGs, emitted.

The carbon footprint assessment performed by ALLPLAN/Climate Partner Austria, an Austrian consultancy retained by the IIC, provided Half Moon with a clear picture of its GHG emissions. It evaluated all CO2 emissions using the World Resources Institute GHG Protocol, a standard method of GHG reporting, and offered the possibility of offsetting CO2 emissions per guest and hotel stay by investing in certificates from acknowledged emission reduction projects around the world.

"Armed with our GHG emissions, we will set on a program that will reduce the size of our footprint," stated Richard Whitfield, Half Moon’s managing director. "We will find better ways to cool our rooms, heat our water, and cook our food, and we will offset our carbon footprint by sponsoring alternative projects in our community such as solar power, wind energy, and reforestation," Mr. Whitfield stated.

According to Carlos Serrano, GREENPYME team leader at the IIC, "Assessing a company’s carbon footprint is the first step towards a new comprehensive corporate strategy for climate protection. It makes it possible to monitor and evaluate the impact of corporate activities on the climate over time. The IIC is very pleased to have contributed to this responsible corporate action undertaken by Half Moon Resort."

GREENPYME, a technical assistance program of the Inter-American Investment Corporation, fosters SME competitiveness in Latin America and the Caribbean by promoting the rational use of energy and the use of renewable technology. It offers SMEs knowledge, technical consulting, and energy audits, among other tools, and enables them to access financing from IIC partner banks.

About Half Moon

A Green Globe certified resort, Half Moon is situated on a crescent-shaped white sand beach, with 197 rooms, suites, and cottages as well as 33 four-, five-, six- and seven-bedroom villas; each with a private butler, cook, and housekeeper, swimming pool, and two golf carts. Green practices at Half Moon include a towel re-use program where old beach towels are recycled into wash rags for cleaning; shredded paper is used as packing materials for guests returning home with craft items; saw dust from the furniture shop is sent to the equestrian centre for horse bedding; horse manure is used to condition soil in the nursery gardens; waste oil is sent to factories to be used in the manufacturing of poultry feed; and low energy light bulbs are utilized throughout the entire property. For more information on Half Moon, visit www.halfmoon.com or contact the on-site call centre at +1-800-626-0592.

About the IIC

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2009, the IIC reached US$1.4 billion in assets and approved 40 operations channeling US$299.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int.



Contact: Jorge Roldán

Telephone: (202) 623-3948

Email: jorgero@iadb.org