CDB is accelerating the Region’s energy transition by supporting renewable energy development, energy efficiency, and green technology. Initiatives such as the SuRGE programme and the GeoSmart Initiative promote geothermal, solar, and other sustainable energy solutions, while expanding electricity access in underserved communities.

Flagship projects include Dominica’s 10MW geothermal power plant and rural electrification in northern Haiti. To de-risk private investment, CDB is leveraging instruments like the Contingent Recoverable Grant and preparing new facilities, including an e-mobility trust fund to decarbonise transport.

The Bank champions biodiversity and natural capital preservation, recognising their essential role in sustaining livelihoods, protecting coastlines, and supporting sectors like tourism and agriculture. Through its forthcoming Biodiversity Action Plan and nature-based solutions, CDB is helping countries tackle ecosystem degradation, safeguard coral reefs and mangroves, and integrate biodiversity into development planning. At the international level, the Bank has been an active advocate for biodiversity finance tracking and alignment with the Kunming–Montreal Global Biodiversity Framework.

CDB invests in disaster risk reduction activities, early warning systems, and hazard risk management. In 2024, over $14 million in grant resources were approved for technical assistance projects under the EU-funded CARE Programme and the Bank’s Special Development Fund. These interventions aim to strengthen disaster governance, improve financial response mechanisms, and build resilient infrastructure. The Bank also launched a Climate Change Project Preparation Fund to help BMCs identify and design high-impact adaptation projects.

The Bank provides rapid assistance to its Borrowing member States in the aftermath of disasters. This support is available through funding for relief services and supplies of relief items, or the clearing and cleaning of affected areas to facilitate the return to normal lives and livelihoods.

Example: Following Hurricane Beryl in 2024, CDB extended immediate response loans, emergency grants, and technical cooperation to Grenada and Saint Vincent and the Grenadines. Complementing this, the Canada-CARICOM Climate Adaptation Fund and CCRIF payouts provided nearly $72 million in insurance-linked support to affected countries, with targeted allocations to bolster social protection systems.

CDB is scaling up concessional climate finance and innovative instruments such as climate-resilient debt clauses and catastrophe bonds to help countries recover sustainably after disasters. The Bank’s Disaster Response Policy-Based Operation offers immediate liquidity to governments, ensuring continuity of essential services and recovery programmes. Investments also extend to agriculture resilience, including projects in Saint Lucia and other Eastern Caribbean states that strengthen food production, watershed protection, and community livelihoods in the face of climate stress.

Our Climate Work

• Risk-layered Resilience Approach
• Comprehensive Climate Risk Screening
• Strengthening Climate Data Access
• Commitment to Climate Finance
• Mobilising Global Expertise
• Supporting Climate Adaptation Fund
• Developing Climate Action Projects
• Promoting Agricultural Resilience
• Enhancing Disaster Risk Response
• Aligning with Paris Agreement [Rename Sustainable Development Goals)
• Innovative Project Preparation Fund