Enhancing Saint Lucia’s understanding, capacity, institutional and strategic frameworks to access climate finance for low-emission climate resilient pathways

Report an error

Summary

AI-generated

This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.

Learn more about AI enrichment

The proposal seeks USD 662,065 over 18 months to address five key barriers to climate finance in Saint Lucia: limited NDA capacity, lack of a long-term readiness vision, insufficient accreditation capacity for the Saint Lucia Development Bank (SLDB), the absence of a climate finance monitoring, reporting and verification (MRV) system, and limited knowledge sharing. Key planned activities include the digitalization of the 'No-objection' procedure, the creation of a national climate change website, and the development of a comprehensive MRV system to track public and private climate finance flows. The project will be implemented by the Caribbean Community Climate Change Centre (CCCCC) under the guidance of the National Designated Authority (NDA).

Key insights

AI-generated

These insights are written by a language model reading the source document. They are not the publisher's words and are not a substitute for the original.

Learn more about AI enrichment
  • Saint Lucia faces five primary barriers to accessing climate finance: varying proficiency of the National Designated Authority (NDA) and National Climate Change Committee (NCCC), the lack of a long-term readiness needs plan, capacity gaps at the nominated Direct Access Entity (DAE), the absence of a centralized system to monitor climate finance flows, and limited capacity for sustained stakeholder engagement and knowledge sharing.
  • The proposal aims to digitalize the NDA's processes, specifically by creating a dedicated climate change website and a web-based application to manage the 'No-objection' procedure for project proposals and concept notes.
  • The Saint Lucia Development Bank (SLDB) has been nominated as a Direct Access Entity, but requires further capacity building in fiduciary standards, environmental and social safeguards (ESS), and gender policies to achieve full GCF accreditation.
  • A central objective is the establishment of a comprehensive Monitoring, Reporting and Verification (MRV) system and online platform to track climate finance flows from all national, international, public, and private sources.
  • The project will develop a long-term readiness needs assessment and work plan to guide Saint Lucia's engagement with the GCF for the first replenishment period and beyond, ensuring alignment with the National Adaptation Plan (NAP) and Nationally Determined Contribution (NDC).
  • The proposal includes a knowledge-sharing component involving South-South virtual exchange sessions with other NDAs, specifically identifying Thailand and Ecuador as potential partners for learning about digitalized climate finance coordination.
  • The total requested amount for the 18-month implementation period is USD 662,065, with the Caribbean Community Climate Change Centre (CCCCC) serving as the implementing institution.

Cite the original document

APA
Green Climate Fund (2020). Enhancing Saint Lucia’s understanding, capacity, institutional and strategic frameworks to access climate finance for low-emission climate resilient pathways. https://www.greenclimate.fund/sites/default/files/document/enhancing-saint-lucia-s-understanding-capacity-institutional-and-strategic-frameworks-access-climate.pdf
Chicago
Green Climate Fund. Enhancing Saint Lucia’s understanding, capacity, institutional and strategic frameworks to access climate finance for low-emission climate resilient pathways. 2020. https://www.greenclimate.fund/sites/default/files/document/enhancing-saint-lucia-s-understanding-capacity-institutional-and-strategic-frameworks-access-climate.pdf.
Wikipedia
{{cite report |author=Green Climate Fund |title=Enhancing Saint Lucia’s understanding, capacity, institutional and strategic frameworks to access climate finance for low-emission climate resilient pathways |date=12 June 2020 |url=https://www.greenclimate.fund/sites/default/files/document/enhancing-saint-lucia-s-understanding-capacity-institutional-and-strategic-frameworks-access-climate.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{greenclimatefund2020enhancing, author = {{Green Climate Fund}}, title = {{Enhancing Saint Lucia’s understanding, capacity, institutional and strategic frameworks to access climate finance for low-emission climate resilient pathways}}, institution = {Green Climate Fund}, year = {2020}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/enhancing-saint-lucia-s-understanding-capacity-institutional-and-strategic-frameworks-access-climate.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

Full text

Collected · Record updated