25 Million Euros for Climate Change Adaptation in the Caribbean
November 17th, 2016
The German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety announced today its commitment of 25 million Euros to establish the Caribbean Ecosystem-based Adaptation Facility to be implemented in partnership between the German Development Bank (KfW) and the Caribbean Biodiversity Fund (CBF).
The announcement was made by the German State Secretary for the Environment Mr. Jochen Flasbarth during the 22nd Conference of the Parties of the United Nations Convention of Climate Change (UNFCCC COP-22) taking place in Morocco.
The Ecosystem-based Adaptation (EbA) Facility will work as a sinking fund and finance climate change adaptation measures that incorporate biodiversity conservation and ecosystems management as part of adaptation strategies and actions to help people and economies adapt to adverse impacts of climate change, while also ensuring the resilience of ecosystems. The Facility will support insular Caribbean countries eligible for German Government assistance.
This support significantly expands the commitment of the German Government in the region aligned with the Caribbean Challenge Initiative (CCI) Goals and the Caribbean Biodiversity Fund. The German Government currently supports the CBF through a contribution of 20 million Euros to the CBF endowment.
His Excellency Dr. Spencer Thomas, Ambassador for Multilateral Environmental Agreements of the Government of Grenada represented the insular Caribbean region at the event.
More information can be found at the German Development Bank (KfW).