Climate finance to the Small Islands of the Eastern Caribbean: An overview of financial support provided from 2010 to 2015

The document analyzes climate finance commitments to OECS Member States between 2010 and 2015, finding that while US$ 101 million was committed, actual disbursement rates were extremely low (under 10% for most countries). The funding was dominated by multilateral sources and focused heavily on disaster-related adaptation, primarily delivered through short-term projects.

• Between 2010 and 2015, total climate finance commitments to OECS Member States reached US$ 101 million, which accounted for approximately 9% of the total official development aid provided to these nations. The majority of these funds began flowing after 2013, with the largest shares going to Dominica, Saint Lucia, Saint Vincent and the Grenadines, Grenada, and Antigua and Barbuda.
• Climate finance for the OECS was heavily skewed toward adaptation, representing about 73% of the total, while mitigation accounted for 20% and 7% addressed both. The most funded sectors were disaster risk reduction and disaster response, followed by energy policy and renewable energy.
• Multilateral climate funds provided approximately 70% of the total climate finance to OECS countries, a pattern that differs from Pacific SIDS and the wider Caribbean SIDS region, where bilateral sources were more dominant. The World Bank’s Climate Investment Funds were the largest single source, providing over half of the total finance.
• The delivery of climate finance was primarily through grants (68%) and short-term projects, with only 32% coming as concessional loans. A significant portion of the funding consisted of very small project budgets, with 17 of 34 recorded allocations being less than US$ 1 million.
• There is a severe gap between committed funds and actual spending; disbursement rates for Dominica, Saint Lucia, Antigua and Barbuda, and Saint Vincent and the Grenadines were all below 10%. This suggests significant challenges in the programming and execution of climate projects compared to non-climate aid.

APA

Atteridge, A., Canales, N., & Savvidou, G. (2017). Climate finance to the Small Islands of the Eastern Caribbean: An overview of financial support provided from 2010 to 2015. Stockholm Environment Institute. https://www.sei.org/mediamanager/documents/Publications/SEI-2017-PB-caribbean-finance-atteridge.pdf

Chicago

Atteridge, Aaron, Nella Canales, and Georgia Savvidou. Climate finance to the Small Islands of the Eastern Caribbean: An overview of financial support provided from 2010 to 2015. Stockholm Environment Institute, 2017. https://www.sei.org/mediamanager/documents/Publications/SEI-2017-PB-caribbean-finance-atteridge.pdf.

Wikipedia

{{cite report |last1=Atteridge |first1=Aaron |last2=Canales |first2=Nella |last3=Savvidou |first3=Georgia |title=Climate finance to the Small Islands of the Eastern Caribbean: An overview of financial support provided from 2010 to 2015 |publisher=Stockholm Environment Institute |date=2017 |url=https://www.sei.org/mediamanager/documents/Publications/SEI-2017-PB-caribbean-finance-atteridge.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{atteridge2017climate, author = {Atteridge, Aaron and Canales, Nella and Savvidou, Georgia}, title = {{Climate finance to the Small Islands of the Eastern Caribbean: An overview of financial support provided from 2010 to 2015}}, institution = {Stockholm Environment Institute}, year = {2017}, url = {https://www.sei.org/mediamanager/documents/Publications/SEI-2017-PB-caribbean-finance-atteridge.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }