climate emergency. and that is exactly why, stephen, this bridgetown agenda, which we're dancing around in our conversations to day... sorry, that's jargon — what is the...? jar — mia mottley, prime minister of barbados, last year, said, "well, actually, the world bank, "the bretton woods institutions were established 80 years ago. "well, at that time, the world was vastly different "than it is today, let alone a couple of years ago "or a couple of years after us, so these "institutions have to adjust." what needs to happen? well, these climate—vulnerable nations have huge debts. the world bank has to step in. and mia mottley has a point, stephen, because what she did was very smart, because she said, "every "new debt which we take on as barbados, in our debt "deal, we will say, �*0nce a natural disaster strikes, "�*we suspend payment of our debt�*. "that'is negotiated." secondly, she said, "well,
with the scale of this climate emergency. and that is exactly why, stephen, this bridgetown agenda, which we're dancing around in our conversations to day... sorry, that's jargon — what is the...? jar — mia mottley, prime minister of barbados, last year, said, "well, actually, the world bank, "the bretton woods institutions were established 80 years ago. "well, at that time, the world was vastly different "than it is today, let alone a couple of years ago "or a couple of years after us, so these "institutions have to adjust." what needs to happen? well, these climate—vulnerable nations have huge debts. the world bank has to step in. and mia mottley has a point, stephen, because what she did was very smart, because she said, "every "new debt which we take on as barbados, in our debt deal, we will say, �*0nce a natural disaster
have, frankly, appears not able to truly get to grips with the scale of this climate emergency.- scale of this climate emergency. scale of this climate emeruen .~ . , , emergency. and that is exactly wh , emergency. and that is exactly why. stephen. _ emergency. and that is exactly why, stephen, this _ emergency. and that is exactly why, stephen, this rich - emergency. and that is exactly why, stephen, this rich town . why, stephen, this rich town agenda which we are dancing around in our conversations... sorry, that's jargon. mia sorry, that's “argon. mia homey. — sorry, that's jargon. mia mottley, prime - sorry, that'sjargon. m —. mottley, prime minister of barbados, last year, said actually, the world bank, the bretton woods institutions were established 80 years ago. at the world ——at the time the world was vastly different than today, let alone a couple of years ago or after us so these institutions have to adjust. what needs to happen? well, these climate vulnerable nations have huge debts of the world bank has the stepien. and mia mottley has a point because what she did was very smart. —— has to step in. every new debt that barbados takes off in our debt deal, we will say once a natural disaster strikes, we suspend payment of our debt.
get to grips with the scale of this climate emergency. and that is exactly why, stephen, this bridgetown agenda, which we're dancing around in our conversations to day... sorry, that's jargon — what is the...? jar — mia mottley, prime minister of barbados, last year, said, "well, actually, the world bank, "the bretton woods institutions were established 80 years ago. "well, at that time, the world was vastly different "than it is today, let alone a couple of years ago "or a couple of years after us, so these "institutions have to adjust." what needs to happen? well, these climate—vulnerable nations have huge debts. the world bank has to step in. and mia mottley has a point, stephen, because what she did was very smart, because she said, "every "new debt which we take on as barbados, in our debt "deal, we will say, �*0nce a natural disaster strikes, "�*we suspend payment of our debt�*. "that'is negotiated." secondly, she said, "well, actually, the world bank needs "to change because who has access
from their homes, losing their lives and floods, look at the latest floods in pakistan, the devastation that that has rocked on that country and you are going to see more and more people displaced. this is what the prime minister of barbados was saying today, you could be looking up saying today, you could be looking up to a billion people in the coming years that are actually going to be displaced through climate change issues. this is saying, love, antonio guterres, the head of the un was basically saying today that we are in a highway to hell, giving a really stark warning, but we heard warnings before. what we need is countries on the one hand to come up with a nationally determined contribution and stick to them. we know thatjohn kerry and joe biden who is arriving there this week is going to be talking potentially about a carbon trading scheme where governments try and reduce their carbon emissions and sell those permits if you like to the private sector. i also think that the private sector in terms of banks and
good to see you there my, friends thank you so much, much appreciated. >> thank you. >> and thanks to at-home for joining us this hour, really happy to have you here, hope you had a good holiday weekend. out as of tonight, midnight tonight on the eastern the caribbean this older woman who you might recognize will no longer be the head of state. as of the stroke of midnight tonight, queen elizabeth will no longer be, among her other titles, the queen of barbados. as of tonight there will no longer be a queen of barbados. there will be a president. dame sandra mason. she's currently the governor general of barbados. that technically means she's been the top representative of the queen there, but tonight that job goes away. barbados will cease to have a queen or king for that matter. it will become as of tonight an
no longer be, among her other titles, the queen of barbados. as of tonight, midnight, there will no longer be a queen of barbados. we will have a new head of state in that country. she will be the first ever president of barbados. she is here on the right side of your queen. her name is sandra mason. sandra mason is currently the governor general of barbados, that technically means she's been the top representative of the queen. but tonight, that job goes away, barbados will cease to have a queen, or a king for that matter, it will become as of tonight, a republican independent with the president and a prime minister, it will no longer be a monarchy. and, i should message, this is a friendly transition. prince charles, who is next in line for the british throne, when his mother's rain is, over he will be in there in barbados. for the ceremony that will mark the transition. barbados will keep its name, its flag and its dollar and its
on the eastern most island in the caribbean, this older woman, who you might recognize, will no longer be the head of state. as of the stroke of midnight tonight, queen elizabeth will no longer be, among her other titles, the queen of barbados, as of tonight at midnight, there will no longer be a head of barbados. there will be a president. she's on the right side of your screen. her name is dame sandra mason. she's currently the governor general. that means she's been the top representative of the queen there, but tonight that job goes away. barbados will cease of a king or queen for that matter. it will become tonight a republic, an independent republic with a president and a prime minster. it will no longer be a monarchy. and i should mention, this is a friendly transition.
is just a couple of minutes past midnight in barbados and they have officially lost queen elizabeth ii as the head of state. the country has been independent since 1966 and that was 55 years ago to the day, but it will remain part of the british commonwealth. we can see events being watched over here by the prime minister, mia mottley, also of the barbados labour party. that lady sitting down is dame sandra mason, the new president of barbados. ladies and gentlemen, her excellency dame sandra prunella mason, president of barbados! cheering.
leadon— will be faithful and ben true a leadon to barbados according to law, so— leadon to barbados according to law, so help me god. i, sandra prunella — law, so help me god. i, sandra prunella mason do swear that i will well— prunella mason do swear that i will well and truly serve barbados in the office of president, so help me god. applause dame sandra mason, the country's eighth governor general has officially taken the oath of office as the new president of barbados, the world's newest republic. we are watching these live events in the barbados capital, bridgetown, she has been sworn in by sir patterson cheltenham, the country's chiefjustice. it