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The European Investment Bank (EIB) is requesting USD 265 million from the Green Climate Fund (GCF)—USD 250 million for an investment vehicle and USD 15 million for a technical assistance facility—to launch GEEREF NeXt. Structured as a fund-of-funds, the programme aims for a total size of USD 750 million, blending GCF public seed capital with USD 500 million in private sector finance. The programme targets the development, construction, and operation of renewable energy (RE) and energy efficiency (EE) projects in emerging markets, expecting to finance over 200 projects and add up to 18 GW of clean energy capacity. By using a two-tier capital structure with a 'first-loss' mechanism for public capital, GEEREF NeXt intends to mitigate risk for private investors and achieve a projected 50x multiplier, potentially mobilising USD 30 billion in total project financing. The programme will be managed by the EIB Group, leveraging the experience of its predecessor, the Global Energy Efficiency and Renewable Energy Fund (GEEREF).

The document introduces the CARIWIG portal, which provides downscaled regional climate projections, historical data, and simulation tools for tropical storms and drought to help Caribbean decision-makers integrate climate risk into planning. It emphasizes that while these tools provide high-resolution data relevant to national levels, the process of downscaling increases uncertainty, necessitating a shift toward 'robust' adaptation strategies and 'no regret' options.

The Reporting for Results-based REDD+ (RRR+) project is a joint initiative by the Coalition for Rainforest Nations (CfRN) and the Climate and Development Knowledge Network (CDKN) running from 2017 to 2019. It aims to help 21 tropical and subtropical forest countries develop the technical and institutional capacity to create accurate greenhouse gas inventories for the agriculture, forestry, and other land use (AFOLU) sectors. This capacity is essential for countries to submit reports to the UNFCCC and unlock results-based REDD+ payments. The project provides tailored training based on IPCC methods, supports the submission of National Communications and Biennial Update Reports, and promotes gender equality in natural resource management.

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.

The document proposes a four-year programme (2017-2021) to enhance coastal resilience in Antigua and Barbuda, Barbados, Belize, Grenada, Guyana, Jamaica, Saint Lucia, and St. Vincent and the Grenadines. It targets the most vulnerable populations, particularly women and the poor, through a grants-on-lending framework focusing on coastal protection, food and water security, health, renewable energy, and tourism. The programme aims to fund at least 20 local investment projects with individual grants ranging from USD 300,000 to USD 600,000, requiring a 20% counterpart contribution from grantees. The initiative emphasizes ecosystem-based adaptation, such as mangrove rehabilitation and coral reef restoration, to mitigate the impacts of sea-level rise and extreme weather events which have historically caused severe GDP losses in the region.

The document argues that a high-ambition climate agreement, limiting global warming to 2°C, is essential for achieving the SDGs, particularly those related to poverty, inequality, and energy. Using global analysis and case studies from Dominica, Jamaica, Pakistan, and Uganda, the research indicates that a low-ambition agreement would significantly increase poverty levels in Asia, sub-Saharan Africa, Latin America, and the Caribbean by 2030.

The document argues that a high-ambition global climate agreement, defined as limiting global warming to 2°C by 2100, is essential for achieving the Sustainable Development Goals (SDGs). It asserts that a low-ambition agreement would undermine efforts to eradicate extreme poverty, equalise gender relations, and provide access to water and energy over the next 15 years. The brief calls for the SDGs and their associated financing to support climate-compatible development, particularly in the poorest and most climate-vulnerable countries.

The report argues that a high-ambition climate agreement aiming to limit global warming to 2°C is essential for achieving the SDGs by 2030, particularly those related to poverty, inequality, and energy. Using Integrated Assessment Modelling (IAM), the study compares a high-ambition scenario (RCP4.5/SSP1) with a low-ambition scenario (RCP8.5/SSP3). Findings indicate that under a low-ambition agreement, poverty levels in 2030 could be 80–140% higher in Asia and sub-Saharan Africa compared to the high-ambition scenario. Case studies in Dominica, Jamaica, Pakistan, and Uganda highlight that while the specific sensitivity of SDGs varies by country, poverty and energy goals are consistently most at risk under low-ambition climate policies. The report emphasizes a reciprocal relationship: ambitious SDGs are necessary to implement a high-ambition climate deal, and a high-ambition deal is necessary to realize the SDGs.

The report examines the evolution of low-carbon, climate-resilient development (LCCRD) in developing countries, highlighting the integration of mitigation and adaptation into national planning. It identifies critical barriers, including limited human capacity and a significant imbalance in climate finance, where adaptation receives far less funding than mitigation. The document analyzes the shift from top-down to bottom-up international governance and the role of Nationally Appropriate Mitigation Actions (NAMAs) as a vehicle for sustainable development. It also discusses the challenges of monitoring and evaluating adaptation investments and the proliferation of online knowledge platforms, recommending a greater focus on user needs and the translation of high-level strategies into concrete actions.

The document examines Grenada's transition from fragmented, project-by-project climate actions to a comprehensive national strategy called the Strategic Program for Climate Resilience (SPCR). Funded by the Pilot Program for Climate Change Resilience (PPCR) and Climate Investment Funds (CIFs), the SPCR prioritizes climate resilience over emission reductions due to Grenada's high vulnerability and low global emissions. Key initiatives include the Disaster Vulnerability and Climate Risk Reduction Project and the Forest Rehabilitation Project, alongside technical assistance for water and coastal management. The brief highlights the importance of participatory design, regional synergies within the Caribbean, and the necessity of multilateral finance to address projected sea-level rise costs that could reach $801 million by 2050.

The report advocates for the adoption of sustainable public procurement (SPP) during post-disaster and post-conflict reconstruction. It highlights that the high volume of public spending during these periods—often ranging from 2% to 15% of annual GDP for recovery—can be used to signal long-term demand for green goods and services, stimulate private sector innovation, and build domestic capacity for sustainable production. The author provides evidence that integrating sustainability into infrastructure rebuilding, such as mangrove conservation in Vietnam or flood-resistant works in China, significantly reduces future disaster losses and improves resilience. However, the report notes that implementation is often hindered by a lack of dedicated SPP laws and political instability in lower-income economies.

The Human Rights Committee (CCPR) is increasingly linking climate change to human rights obligations under the ICCPR, particularly the right to life. In 2018, General Comment No. 36 established that climate change and environmental degradation are serious threats to the right to life, creating a due diligence obligation for States to take reasonable positive measures against foreseeable threats. In 2019, the CCPR began issuing climate-related recommendations to States, including Cabo Verde, and addressing climate issues in lists of issues for the United States and Dominica. In the case of Teitiota v New Zealand, the Committee acknowledged that climate change impacts could trigger non-refoulement obligations if they violate the right to life, though the specific petition was rejected. Additionally, a pending case involves Torres Strait Islanders against Australia, alleging that failure to mitigate emissions and adapt to climate change violates their rights to life and culture.

The report argues that the climate crisis is a human rights crisis, creating a legal obligation for States and corporations to provide effective remedy and reparations. It critiques the UNFCCC's voluntary approach to loss and damage, highlighting how it fails to uphold human rights standards and is hampered by debt injustice in the Global South. The document outlines legal pathways through international courts (ICJ, ITLOS, IACtHR) and national litigation to enforce accountability. Finally, it proposes six guiding principles for climate reparations—victim-centric, inclusive, intersectional, adequate, accountable, and trackable—drawing on lessons from other large-scale harm mechanisms.

Parametric insurance provides rapid liquidity by paying fixed amounts based on predetermined triggers rather than assessed losses. It is used across agriculture, renewable energy, infrastructure, and tourism to stabilize budgets and protect credit ratings. Implementation requires specific analytical, regulatory, and data capacities, with regional risk pools like CCRIF and ARC serving as key models for sovereign coverage. While high premiums and basis risk remain challenges, the document suggests using donor support and pilot projects to increase uptake.

Risk pooling aggregates risks across geographies or portfolios to lower volatility and reduce reinsurance costs, providing rapid, rules-based liquidity after disasters. These mechanisms, including parametric pools and catastrophe (CAT) bonds, address credit, liquidity, and market risks by combining exposures and transferring high-risk layers to global capital markets. Examples include the Caribbean Catastrophe Risk Insurance Facility (CCRIF), African Risk Capacity (ARC), and the Pacific Catastrophe Risk Insurance Company (PCRIC), which have provided millions in payouts for cyclones, droughts, and floods. Implementation requires specific internal and regulatory capacities, ranging from basic budgeting for premiums to the legal ability to issue sovereign CAT bonds. While risk pools can reduce costs by 40–50% compared to standalone insurance, challenges such as basis risk, data gaps, and budget trade-offs persist.

The report analyzes social protection as a tool for climate resilience, highlighting its ability to provide shock-responsive support, facilitate sustainable natural resource management, and cushion the impacts of low-carbon transitions. It identifies a gap in long-term structural adaptation and notes that while multilateral climate funds are increasingly engaging with social protection, integration remains fragmented and often prioritizes project-based interventions over systemic strengthening.

The Green Climate Fund (GCF) Accreditation Panel recommends the Caribbean Development Bank (CDB) for accreditation as a regional entity for 'small' projects (up to USD 50 million) with a high environmental and social risk category (Category A/I-1). The CDB demonstrated strong fiduciary standards, a track record of mobilizing approximately USD 200 million for climate action, and a robust gender equality policy. However, accreditation is conditional upon the CDB establishing a public system for reporting the progress of grant-funded projects and finalizing a permanent external communications mechanism for environmental and social complaints.

The document outlines the conditions for funding proposals considered at the GCF Board's 43rd meeting. It establishes general requirements for all proposals, such as the signing of a funded activity agreement (FAA) and legal due diligence. Additionally, it specifies tailored conditions for certain projects, including requirements for grey-green infrastructure in South Sudan, staff expertise and SEAH protections for a multi-country programme (FP286), and ESIA updates and brine plume modelling for a project in Jordan.

The report form classifies the Global Subnational Climate Fund (SnCF Global), managed by Pegasus Capital Advisors (PCA), as a Category I-2 programme. It confirms that an Environmental and Social Management System (ESMS) has been established and disclosed in multiple languages to accommodate target countries across Africa, Asia-Pacific, Latin America and the Caribbean, and the Mediterranean.

GEEREF NeXt adopts the EIB Group’s Gender Strategy to address the gendered nature of energy poverty in developing countries. The fund focuses on the upstream renewable energy value chain, aiming to avoid aggravating existing inequalities while promoting female entrepreneurship and representation in the energy workforce. It identifies specific risks associated with on-grid projects, such as discriminatory land-use norms and limited female employment, and plans to require Investee Funds to conduct project-specific gender assessments supported by the GEEREF NeXt Technical Assistance Facility.