SEO Riders:
– GFANZ launches Caribbean Chapter to mobilize private capital for climate action.
– Combined US, Afreximbank, IDB, CARICOM funds set to drive resilience and green growth.
– Private-sector climate finance programs backed by GCF, USAID, and regional development banks.
The Glasgow Financial Alliance for Net Zero (GFANZ) has launched a dedicated Caribbean Chapter, marking a pivotal step in ramping up private-sector climate finance across the region. Headed by Racquel Moses of the Caribbean Climate-Smart Accelerator, the chapter will coordinate with Caribbean financial institutions, DFIs, and policymakers to build project pipelines, offer technical assistance, and unlock sustainable investment. Complementing this, initiatives like the US–CARICOM Resilience Fund (US $100 million blended vehicle backed by USAID), a €708,000 Green Resilience Facility by CARICOM and Afreximbank, and the GCF’s Caribbean Net-Zero and Resilient Private Sector Program (US $118.9 million) collectively bolster regional capacity and project preparation.
In parallel, the IDB’s “One Caribbean” initiative and blue economy grants managed by CDB under GCF support further integration and resilience: aiming to transform the region via low-carbon infrastructure, sustainable tourism, blue economy development, and digital resilience. Even beyond institutional frameworks, a private-sector movement is emerging with the launch of Carbon Shift, the Caribbean’s first climate-tech accelerator in partnership with the Development Bank of Jamaica and TBR Lab for scaling climate innovations. Together, these efforts position the Caribbean to close its $20 billion resilience financing gap and lead global climate investment efforts ahead of future COP conferences.
