In recent years, the Caribbean has been adversely affected by extreme weather events due to climate change. The region’s continued exposure and vulnerability to natural hazards and the impacts of climate change have impacted livelihoods and assets, and threaten efforts to reduce poverty sustainably. The effects of climate change are increasingly undermining progress towards Sustainable Development Goals (SDGs) and poverty eradication in vulnerable developing countries. Measures to strengthen resilience to the impacts of climate change (and approaches to financing them) have several benefits for poverty reduction and development. The cost of responding to disasters will continue to increase and force countries to divert longer-term development finance into short-term response measures frequently.
The Caribbean Policy Development Centre (CPDC), in partnership with the Munich Climate Insurance Initiative (MCII), launched the Caribbean component of a project entitled “Multi Actor Partnership on Climate and Disaster Risk Financing and Preparedness in the Context of the InsuResilience Global Partnership” (MAPs). The CPDC is part of a consortium of NGOs, led by CARE Deutschland and funded by the German Federal Ministry for Economic Cooperation and Development (BMZ).
- The development of Multi-stakeholder Actor Partnerships (MAPs) at the national and global level that promote the creation and implementation of gender-based, poverty oriented and human rights-based approaches to climate finance.