Implementation Plan - CDKN Global

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CARICOM IMPLEMENTATION PLAN FOR THE REGIONAL FRAMEWORK FOR ACHIEVING DEVELOPMENT RESILIENT TO CLIMATE CHANGEMDBs have also issued ‘green bonds’ earmarked for climate change projects: for instance, the World Bank issuedfixed income green bonds of around USD 1.5 billion as part of its ‘Strategic Framework for Development andClimate Change’ 16 (UN AGF, 2010). Country replenishments and paid-in contributions to MDBs can also increaseMDBs’ available resources for climate change.MDBs also channel funds for climate change-related activities through trust funds established by public orprivate donors and making funds available for co-financing or co-investment with MDB lending.The MDBs have projected a collective climate finance volume of USD 20 billion in 2012 and the UN High-LevelAdvisory Group on Climate Change Financing estimates that the potential cumulative and additional contributionof MDBs to climate change finance could amount to approximately USD 278 billion by 2020 17 (UN AGF, 2010).16 For further information, see http://treasury.worldbank.org/cmd/pdf/WorldBank_GreenBondFactsheet.pdf (accessed 22/03/2011).17 Excluding the European Investment Bank and assuming a basic rate of increase for demand of non-climate related ‘development-related expenditure’ of 3%per annum.180
DELIVERING TRANSFORMATIONAL CHANGE 2011-21Annex 4Current actions databaseAcclimatise has completed a comprehensive desk review stock-take, based on existing information and data,on the various climate change related adaptation and mitigation strategies, policies, programmes and actionsbeing carried out within the CARICOM member countries, as well as regionally and internationally. Each initiativeidentified has been coded against the Regional Framework strategic elements and goals, providing a reviewof the actions already underway and enabling identification of gaps. The initiatives include programmes andpolicies being carried out by governments, development banks, regional organisations, multilateral climatefunds, and the private sector. A full list of the lead organisations identified is provided at the end of this section.The desk review stock-take is compiled as a database, designed with query functionality in mind. Onceimplemented as a web-based tool on the CCCCC website, it is intended that the database will be searchable by:• Regional Framework strategic elements and goals.• Lead organisation or funding body.• Date.• Sector.• Operating level (e.g. regional, national or international).• Type of climate change action (e.g. adaptation, mitigation or both).FIGURE 4 shows the distribution of these existing climate change-related adaptation and mitigation initiatives,grouped by Regional Framework elements and goals (a description of each element and goal is provided below).It is clear that much of Strategic Element 1, which deals with assessing and reducing vulnerability, as well asmobilising resources and raising awareness about adaptation, is already being covered by organisations insideand outside the region.Strategic Element 4, which deals with “actions to reduce the vulnerability of natural and human systems inCARICOM countries”, is also well represented by existing initiatives. Because there is much common groundbetween Strategic Element 1 and Strategic Element 4, many initiatives were identified as responding to bothelements, as evidenced by the overlapping high numbers of actions in each of these elements.Other elements, particularly Strategic Element 3 (which deals with individual renewable energy sources) andStrategic Element 5 (which deals with forest management) are not well represented by current initiatives. Thisis partly due to the fact that Strategic Elements 3 and 5 describe very specific climate change responses whichpreclude many existing initiatives, whereas descriptions of Strategic Elements 1 and 4 are less precise, makingthem relevant to a large number of existing initiatives.181
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Implementation Plan - CDKN Global

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