By Benjamin Flowers
Caribbean countries will have access to funding to improve their resilience to climate change, through a new grant by the Inter-American Development Bank (IDB) this week.
The IDB on Thursday approved a US$10.39 million grant for the implementation of the Investment Plan for the Caribbean Regional Track of the Pilot Program for Climate Resilience.
The project’s aim is to help improve regional processes of collecting climate- change-relevant data, data storage, analysis and accessibility. The project will also pilot new climate change initiatives, as well as upscale existing ones.
“Thanks to this program, the Caribbean will build on its historical regional approach to addressing the impacts of climate change and strengthen adaptation efforts across the region, providing an example for other regions globally,” the IDB said in a release.
The project will be executed by the University of the West Indies Office of Research and Innovation at the Mona Campus in Jamaica, in collaboration with regional organizations, including: the Caribbean Agricultural Research and Development Institute, the Caribbean Regional Fisheries Mechanism,the Caribbean Institute for Meteorology and Hydrology, the Climate Change Studies Group of UWI, the Caribbean Public Health Agency, and the Caribbean Community Climate change Centre.
The US$10 million grant, supervised by the Climate Change and Sustainability Division within the Infrastructure and Environment Sector Department of the IDB, was possible through support from the Pilot Program for Climate Resilience (PPCR) of the Climate Investment Funds (CIF).