A risk management approach to decision making in the Caribbean

The document describes the need for a transformational change in how CARICOM countries approach climate resilience, advocating for the integration of risk management into national planning and policy. It highlights the failures of previous guidelines and proposes a new process involving pilot projects in up to five countries, the 'three ones' principle for coordination, and the use of 'stress-tests' for budget approvals to ensure climate resilience is built into sustainable development.

• The Caribbean Community Climate Change Centre (CCCCC) developed an Implementation Plan (IP) to deliver the goals of the Regional Framework for Achieving Development Resilient to Climate Change, which was approved by CARICOM Heads of Government in March 2012.
• Existing risk management guidelines from 2003 have seen disappointing adoption due to limited promotion and funding constraints for training.
• Decision making on adaptation in the Caribbean is currently hindered by fragmented expertise, inconsistent methodologies, and a lack of accessible data sets, often forcing decision makers to rely on subjective judgments.
• The 'three ones' principle, previously used by UNAIDS in the Pan Caribbean Partnership (PANCAP), is proposed as a model for resource mobilisation and coordination, consisting of one coordinating mechanism, one plan, and one monitoring and evaluation framework.
• The CCCCC intends to trial a revised risk management process through pilot projects in up to five countries, focusing on collaboration with finance ministries and targeting coastal zone management, disaster risk reduction, and national budgetary planning.
• The proposed approach recommends a standard 'stress-test' process to allow Ministries of Finance to evaluate whether projects submitted for budget approval can deliver objectives despite a changing climate.

APA

Firth, J. (2012). A risk management approach to decision making in the Caribbean. Climate and Development Knowledge Network. https://cdkn.org/sites/default/files/files/5Cs-CDKN-Risk-Management-Brief_june20121.pdf

Chicago

Firth, John. A risk management approach to decision making in the Caribbean. Climate and Development Knowledge Network, 2012. https://cdkn.org/sites/default/files/files/5Cs-CDKN-Risk-Management-Brief_june20121.pdf.

Wikipedia

{{cite report |last1=Firth |first1=John |title=A risk management approach to decision making in the Caribbean |publisher=Climate and Development Knowledge Network |date=June 2012 |url=https://cdkn.org/sites/default/files/files/5Cs-CDKN-Risk-Management-Brief_june20121.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{firth2012risk, author = {Firth, John}, title = {{A risk management approach to decision making in the Caribbean}}, institution = {Climate and Development Knowledge Network}, year = {2012}, month = jun, url = {https://cdkn.org/sites/default/files/files/5Cs-CDKN-Risk-Management-Brief_june20121.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }