The second GCF Structured Dialogue with the Caribbean, held on 6-9 November, brought together Ministers and senior government officials, GCF representatives, Accredited Entities, National Designated Authorities, readiness delivery partners, private sector representatives and civil society groups. The event provided an opportunity to reflect on progress and lessons learned, to build partnerships, further engagement with GCF, and to explore new investment opportunities for both public and private sectors. The first Structured Dialogue in the region in 2017 created an impetus for the design of ambitious projects and programmes demonstrating the aspirations to reduce the Caribbean vulnerability to devastating impacts of climate change. This year’s event sought to further advance these efforts by boosting greater regional cooperation.
During the dialogue, the region celebrated the commencement of some key actions, including:
- The signing of the Funded Activity Agreement (FAA) with the Caribbean Community Climate Change Centre (CCCCC) for the implementation of the Water Sector Resilience Nexus for Sustainability project, in Barbados;
- Ceremonial signing of the REDD+ Readiness Preparation in Jamaica;
- Signing of the Accreditation Master Agreement (AMA) with the Caribbean Development Bank (CDB); and
- Active participation in the Marketplace, generating 21 new project ideas from 8 countries which have been preliminarily estimated at USD 770 million.
Going forward, the region committed to advancing the following initiatives:
- Providing readiness and capacity building for developing strong pipeline with the CDB;
- Readiness to improve climate change risk management and resilience in the Caribbean;
- Identification of a pipeline based on Study of Adaptation Priorities for the Eastern Caribbean;
- Providing readiness support for engagement of CSO in the Caribbean;
- Participating in an advisory group for private sector on GCF pipeline elaboration in the region;
- Continued supported for the Readiness Private Sector Readiness Project led by Jamaica’s NDA; and
- Identifying financing mechanisms for private sector.