Projects
The project aims to scale up the market for green finance in the Caribbean, helping the region’s economies transition to a more sustainable mode of operation aligned with the Global Gateway Investment Agenda.
The Facility supports small scale climate action and environmental sustainability investments, promoted primarily by MSMEs, and intermediated by public sector development banks or bodies and micro-finance institutions.
Those MSME-relevant green investments include (but are not limited to) energy efficiency improvements, integrated renewable energy and energy-efficient solutions such as solar control films, cool roofs, solar PV rooftop installations, LED lighting retrofits in commercial buildings, hotels, restaurant or other tourist establishments, wind and solar renewable power, eligible activities to turn Sargassum algae into an economic opportunity, and other projects contributing to GHG emission reduction and environmental sustainability.
The LACIF-financ...
Dates: Dec/2024 - Dec/2032 | Status: ONGOING | Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago
The project aims to support the Caribbean region in its adaptation to climate change and its low carbon transition through the integration of climate-risks in the financial systems regulation and supervision activities and the financing of climate public investments. This project implemented by AFD:
Supports three of the main central banks of the Caribbean region (the Eastern Caribbean Central Bank, the Bank of Jamaica and the Central Bank of Dominican Republic) to integrate climate-related risks in their regulation and supervision activities. Activities are based on the actions promoted by the Network for Greening the Financial System.
Supports the Caribbean Development Bank (CDB) to promote the financing of adaptation and mitigation investments with a gender lens. Some of the pre-identified activities within CDB are:
- Establishment of a regional gender research fund to support CDB’s gender strategy;
- Establis...
Dates: Dec/2023 - Dec/2028 | Status: ONGOING | Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago
This programme addresses the multitude of challenges faced by the water sector in the Caribbean, including the lack of asset management strategies, lack of adequate maintenance, high energy costs, inadequate waste-water treatment capacity and lack of water storage capacity. Climate change is also leading to extreme weather events and unpredictable water availability in the region, while pollution and over-fishing also affect the health of many of its ocean ecosystems which need to be tackled in a comprehensive manner.
EU and EIB are investing in security of water supply, wastewater collection and treatment, storm-water management and solid waste management, which contributes to water resources conservation, disaster risk reduction and protection of biodiversity.
Dates: Jul/2022 - Jan/2030 | Status: ONGOING | Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago
The CDB-led programme aims at mobilizing suitable and adequate resources to support geothermal energy development in the Eastern Caribbean. Ultimately, the project aims at establishing a geothermal power plant that could potentially represent up to 60 megawatts (MW) of base-load power for the Small Island Developing States.
Dates: Nov/2017 - Nov/2025 | Status: ONGOING | Countries: Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia
The objective of this programme is to reduce participating countries’ dependency on imported fossil fuels by displacing their use in electricity generation with economically viable investments in renewable energy (on the supply side) and energy efficiency (on the demand side). The programme, implemented by CDB, provides funding for investments for renewable energy and energy efficiency as well as technical assistance for institutional strengthening, capacity building and project support.
Dates: Jun/2015 - Jun/2025 | Status: ONGOING | Countries: Antigua & Barbuda, Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia
The objective of this project was to support the Government of the Commonwealth of Dominica’s policy for the development of geothermal resources. In particular, it significantly increased the knowledge of the geothermal potential in Wotten Waven, allowing for a rapid start of an initial small power production aimed at the local market, preparing the concession to exploit this reservoir and monitoring the concessionaire’s operations initial investments.
The AFD-led project meant the final step towards the materialization of the potentially largest geothermal power plant in the Caribbean with an overall cost estimated at EUR 500 – 600 million. Besides its sheer size, its impact will be local, regional and global. The product will be highly beneficial to Dominica's economy as well as to the one of Guadeloupe and Martinique. It will bring major benefits in terms of climate change mitigation by substituting fossil fuel-based energy production for clean renewable energy. It ...
Dates: Mar/2013 - Sep/2023 | Status: COMPLETED | Countries: Dominica
