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The 'Catalyzing Low-carbon Investment and Mobilizing Finance for Saint Lucia (CLIMB-SLU)' proposal requests USD 1,631,349 over 36 months to address critical gaps in Saint Lucia's climate finance ecosystem. The initiative focuses on three workstreams: strengthening government capacity to integrate climate and gender considerations into financial planning, enhancing the ability of local financial institutions to manage climate risks and offer green products, and developing a pipeline of bankable projects, specifically a Green Affordable Housing project and a conceptual Green-Blue National Bank. The project is implemented by the Global Green Growth Institute (GGGI) in coordination with Saint Lucia's Department of Economic Development, Department of Finance, and Department of Sustainable Development.

The report outlines a framework for Saint Lucia to mobilise domestic and international climate finance to build resilience. It identifies key funding sources, assesses the scale and type of existing project concepts, and defines the roles of government agencies, accredited entities, and the private sector in a cyclical financing process.

The document outlines the climate vulnerabilities of Saint Lucia, a Small Island Developing State whose economy relies on tourism and banana crops. It focuses on the Soufriere district, where physical capital and key industries like agriculture and tourism are threatened by hurricanes and water scarcity. The GIVRAPD project addressed these issues through vulnerability assessments, multi-stakeholder planning, and micro-insurance, concluding that institutional partnerships and local leadership are essential for improving community resilience.

The study uses the CARiDRO tool and the Standardized Precipitation Index (SPI) to analyze the 2009-2010 drought in the Eastern Caribbean and project future risks. It finds that the 2009-2010 event was a 1 in 40 years occurrence, but future droughts are projected to be more frequent, with an average recurrence of 1 in 5 years. The report suggests that the area affected by drought will increase after the middle of the 21st century, necessitating improved planning in water management and agriculture.