US Declares New Climate Adaptation And Resilience Projects In Caribbean

by | Feb 27, 2024 | Daily News, Environmental News

Home » Environmental News » US Declares New Climate Adaptation And Resilience Projects In Caribbean

During the 46th Regular Meeting of the Conference of Government of the Caribbean Community (CARICOM), the United States emphasized over $43 million in USAID funding, which includes $15.8 million in funding that was not previously disclosed. This funding is intended to address biodiversity challenges and climate adaptation and resilience projects in the Caribbean.

These investments are a component of the President’s Emergency Plan for Adaptation and Resilience (PREPARE). Under PREPARE, the United States will persist in collaborating with the Caribbean population to facilitate climate adaptation and resilience within the region. USAID’s climate initiatives in the Caribbean align with the priorities of the Biden-Harris Administration and contribute to the objectives of the U.S.-Caribbean Partnership to Address the Climate Crisis 2030 (PACC 2030), in which USAID plays a crucial role. PACC 2030 serves as the principal collaboration between the U.S. government and the Caribbean, aiming to advance climate adaptation, resilience, and clean energy cooperation through 2030 in alignment with the overarching objectives of the Paris Agreement and the 2030 Sustainable Development Goals.

US Declares New Climate Adaptation And Resilience Projects In Caribbean

Some USAID key climate adaptation and resilience projects in the Caribbean involve:

  • USAID is allocating $5.8 million to mitigate risks to coastal-marine biodiversity and enhance the resilience of coastal communities in the Caribbean against the adverse effects of climate change. The initiative will concentrate on safeguarding endangered ecosystems and species, including mangroves, coral reefs, as well as communities of sharks, rays, marine turtles, and other marine life.
  • In order to strengthen the capabilities and effectiveness of water sector entities and markets in Haiti, USAID is set to offer an initial sum of $10 million. This assistance aims to aid institutions in preparing for the funding and provision of secure and dependable drinking water services, both in anticipation of and in response to shocks and challenges such as climate crises, health pandemics, and civil unrest.
  • As a component of the $20 million Caribbean Climate Investment Program (CCIP) unveiled by Vice President Kamala Harris in June 2023, USAID Assistant Administrator Marcela Escobari revealed two additional projects in the meeting. These initiatives are designed to boost climate investment in the Caribbean region.
  •  Escobari underscored USAID’s commitment to the Caribbean by mentioning $6.1 million in recently announced funding from USAID Administrator Samantha Power. This funding supports the Caribbean Resilient Economies and Sectors (RESET) program, aimed at removing obstacles to public and private finance to enhance climate and disaster resilience and promote the adoption of climate-smart practices in crucial sectors.
  • The Resilience Fund, with an anticipated target of $100 million, seeks to increase investments in adaptation and climate change efforts in the Eastern and Southern Caribbean. (Source: USAID)

Also Read: What is Vantara? A Reliance Initiative for Wildlife Conservation

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