The Caribbean Development Bank has highlighted the fact that the region is one of the most vulnerable to climate risks, with indicators suggesting the existing threats could worsen.
Dr. Gene Leon, President of the CDB, addressing the matter last week, urged the region to unite in order to address climate risks.
In that regard, he said the region's leaders must also look at various financing mechanisms for climate smart resilience, "pressing for a new collective quantifiable goal on climate finance to address constraints such as difficulties accessing available funding..."
Climate change vulnerability must be considered in determining "how to deliver international finanial assistance and debt relief to developing economies," he added.
But he noted that there are funds currently available which Caribbean countries "are still not fully exploiting."
Accordingly, he said, the region must work together on "multi-country programmatic approaches to achieve economies of scale and mobilise larger sums of climate finance."