Saint Lucia’s Private Sector Engagement Strategy

The strategy aims to integrate the private sector into Saint Lucia's National Adaptation Plan (NAP) by educating businesses on climate risks, facilitating access to finance, and promoting public-private partnerships (PPPs). It maps the domestic economy, which is dominated by micro-businesses and the services sector, and proposes a four-step engagement cycle: initiate, inform, incorporate, and involve. Key priorities include climate-proofing the tourism, agriculture, and infrastructure sectors, and exploring innovative financing such as green and blue bonds.

• Climate change is projected to significantly reduce Saint Lucia's GDP per capita, with potential losses of -12% under a 1.5°C scenario and up to -60% by the end of the century under a 3°C scenario.
• Saint Lucia's private sector is predominantly composed of micro-businesses; 77% of enterprises had fewer than five employees as of 2009.
• The tourism sector is a critical pillar of the economy, with an overall impact estimated at over 40% of GDP, but it remains highly vulnerable to coastal erosion, flooding, and hurricanes.
• Agriculture and fisheries are highly vulnerable to climatic fluctuations and plant diseases, though they offer opportunities for food security through import substitution and diversification into crops like cocoa.
• The strategy proposes a structured four-stage engagement process for stakeholders: initiate (contact), inform (share information), incorporate (integrate feedback), and involve (implementation through PPPs or fund accreditation).
• Access to finance is a major barrier for domestic businesses, with 35% of businesses in a 2010 survey citing it as the biggest obstacle to doing business.
• The government is exploring innovative financing mechanisms to support adaptation, including green bonds for environmental sustainability and blue bonds specifically for marine conservation.
• Public-Private Partnerships (PPPs) are identified as a key tool for risk and cost-sharing in infrastructure, with a specific proposal to use PPPs for constructing low-income, climate-resilient housing.
• The strategy emphasizes the role of Business Membership Organisations (BMOs), such as the Saint Lucia Chamber of Commerce and the SLHTA, to streamline communication and leverage a multiplier effect for engagement.

APA

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

Chicago

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

Wikipedia

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

BibTeX

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