Limited access to climate finance, the unavailability of innovative financing instruments, as well as limited knowledge and understanding of these instruments in the context of climate financing, have been identified among the barriers limiting investments by the private sector and its capacity to leverage public financing.
This readiness request seeks to enable the private sector in Grenada to put the necessary structures. The readiness request will benefit a wide variety of stakeholders in the private sector. It will develop and disseminate tools to integrate climate change into investment-based planning processes such as climate riskscreening, climate proofing and manuals for the construction, agriculture, tourism, and banking sectors. Additionally, it will also develop measures to crowd in private and capital market financing for the implementation of the country’s climate action programmes and translate them into concrete investment plans in at least two of the priority sectors.