SEI Working Paper - Climate finance in the Caribbean region’s Small Island Developing States
According to the Centre for Disaster Management and Risk Reduction Technology in Germany (by way of the Economist), rebuilding the Caribbean (including Puerto Rico) in the aftermath of Irma will cost nearly US$13bn. Critical to any reconstruction effort is an understanding of climate finance flows and what outcomes are produced for the communities.
In the Stockholm Environment Institute’s recently published analysis of climate finance in the Caribbean Small Island Developing States, authors Aaron Atteridge with Nella Canales and Georgia Savvidou examine the nature of climate finance flows to the region, providing insights into finance sources and recipients, programming, and disbursement, and raising vital questions: Between 2010 and 2015, flows with climate change as a principle objective represented 6% of total aid with much of it clustered around disaster recovery and preparedness sectors, with very little of the aid going to sectors that might be more critical for long term resilience.
Further information, including SEI’s working paper, can be found here.