The Caribbean stands on the frontlines of the global climate crisis. Though the region contributes less than 1% of global greenhouse gas emissions, it faces some of the most severe and costly climate impacts, from rising sea levels and intensifying hurricanes to prolonged droughts and devastating floods. These impacts are already eroding livelihoods, damaging critical ecosystems, and undermining economic stability across the region.

Amid climate change projections, which suggest an intensification of these risks over the coming decades, the Caribbean Development Bank has taken decisive action to integrate climate resilience into the fabric of our operations, ensuring it informs interventions. Guided by our mantra "Innovate. Transform. Thrive.", CDB is reimagining how development finance can work for vulnerable nations on the frontlines of climate change. Through innovative financing mechanisms, strategic partnerships, and deep regional expertise, we are helping our Borrowing Member Countries withstand and thrive beyond the storms ahead.

Hurricane Melissa churns in the Caribbean Basin

Climate Action Videos

 

Video: The Cost of Loss

Video: The Justice We're Owed

Video: CDB's Innovations in Action
Video: The Price of Tomorrow
Video: Shields of Resilience  

 

Our Climate Work

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Risk-Layered Resilience Approach
 
CDB employs a risk-layered approach to enhance resilience in agriculture, water, energy, and tourism. Through strategic partnerships, CDB strengthens climate resilience, embedding disaster risk management in key sectors across the Caribbean.
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Comprehensive Climate Risk Screening
 
CDB systematically screens all investment projects for climate risks, working with countries to incorporate resilience measures. This ensures that critical infrastructure remains robust amid growing climate-related threats.
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Strengthening Climate Data Access
 
CDB collaborates with institutions like University of the West Indies to improve access to localised climate data. This partnership enables better-informed decisions and strategies for climate resilience across the Caribbean.
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Commitment to Climate Finance
 
CDB commits 25-30% of resources to climate initiatives, intensifying support for regional climate action. By leveraging global funds, CDB maximises the impact of climate investments in areas like renewable energy and water management.
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Mobilising Global Expertise
 
Through the CARE Programme, CDB channels European Union funds toward enhancing disaster management governance and evidence-based decision-making, reinforcing Caribbean capacity to address climate challenges.
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Supporting Climate Adaptation Fund
 
Through the Canada-CARICOM Climate Adaptation Fund, CDB aids vulnerable nations in accessing climate insurance, ensuring financial resilience and supporting quicker recovery from climate impacts.
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Developing Climate Action Projects
 
CDB collaborates with the Green Climate Fund to finance transformative climate projects, focusing on sustainable tourism, water resilience, and green energy. These initiatives catalyse the Caribbean’s transition to a climate-smart economy.
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Promoting Agricultural Resilience
 
With the Adaptation Fund, CDB supports climate resilience in agriculture across Saint Lucia, improving water security and farm productivity. This effort secures sustainable food sources and supports local livelihoods.
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Enhancing Disaster Risk Response
 
Through an EU partnership, CDB strengthens regional disaster response, developing tools like bushfire indices and national emergency protocols, which bolster community resilience to climate hazards.
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Aligning with Paris Agreement
 
CDB’s projects align with the Paris Agreement goals, reinforcing climate action commitments. The Bank continues to scale up support for resilience-focused initiatives, contributing to global climate objectives.
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Innovative Project Preparation Fund
 
CDB has launched a Climate Change Project Preparation Fund, aiding Caribbean nations in designing robust climate projects. This fund addresses key bottlenecks in project financing and accelerates access to climate funds.

Climate Stories

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