Saint Lucia’s Climate Financing Strategy

The strategy outlines a framework for Saint Lucia to mobilise domestic and international public and private finance to meet its climate adaptation goals. It identifies a current funding gap, noting that while the country has successfully accessed funds from the Adaptation Fund and GCF, many of its project concept notes are small-scale and require consolidation into larger programmes to attract major international donors. The document maps the roles of government ministries, accredited entities, and the private sector in a cyclical financing process involving priority definition, project elaboration, and monitoring.

• Saint Lucia's national budget for 2016–2017 included USD 120.3 million in investments, with USD 31 million directed toward adaptation-related projects, representing approximately 2% of GDP.
• Between 2010 and 2015, Saint Lucia received USD 36.71 million in multilateral and bilateral public climate finance, the highest amount among OECS member states, though disbursement ratios remained low compared to the broader Caribbean region.
• The estimated cost to implement the 38 costed concept notes developed for the Water, Fisheries, and Agriculture SASAPs is USD 35.4 million.
• A majority of the identified adaptation projects are small-scale, with 32 out of 39 concept notes costing less than USD 1 million, which may hinder their ability to attract large international funds like the GCF.
• Just under half of the analyzed concept notes are 'hard' investments, such as physical infrastructure and early warning systems, which are more likely to be supported by the GCF or private sector partnerships.
• Saint Lucia has successfully accessed the Adaptation Fund, with a 2019 project focused on the agricultural sector valued at approximately USD 9.86 million, nearly reaching the fund's USD 10 million country cap.
• The strategy proposes a cyclical financing process consisting of seven steps: defining priorities, soliciting concepts, aligning concepts with sources, elaborating proposals, approving projects, implementing projects, and monitoring and evaluation.
• The Government of Saint Lucia lacks a comprehensive system for tracking public expenditure on climate resilience, which is identified as a priority for improving transparency and mobilising resources.

APA

NAP Global Network (2020). Saint Lucia’s Climate Financing Strategy. https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf

Chicago

NAP Global Network. Saint Lucia’s Climate Financing Strategy. 2020. https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf.

Wikipedia

{{cite report |author=NAP Global Network |title=Saint Lucia’s Climate Financing Strategy |date=August 2020 |url=https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{napglobalnetwork2020saint, author = {{NAP Global Network}}, title = {{Saint Lucia’s Climate Financing Strategy}}, institution = {NAP Global Network}, year = {2020}, month = aug, url = {https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }