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OECS Investigates Funding for Climate Change Adaptation and Sustainable Energy

16 February 2012: An Organisation of Eastern Caribbean States (OECS) workshop examined climate financing opportunities for Caribbean small island developing States (SIDS) to enable them to respond to the challenges of climate change and variability. The workshop was organized in collaboration with, and with the financial support of, the World Bank Institute (WBI).

The workshop, which took place from 15-16 February 2012, in Rodney Bay, Saint Lucia, explored the range of climate finance instruments available for adaptation and sustainable energy, including case studies on their use, and sought to identify knowledge gaps and areas in which further capacity building efforts in OECS countries will be required. Participants discussed how to integrate carbon revenues in project financing, and strategies for mobilizing financial and investment flows to address climate change.

Workshop participants also discussed the current state of the global climate negotiations and the SIDS position therein, as well as adaptation challenges of particular concern to OECS countries, namely watershed management and sustainable land management. Member States of OECS include Anguilla, Antigua and Barbuda, British Virgin Islands, Commonwealth of Dominica, Grenada, Montserrat, Saint Lucia, St. Christopher (St. Kitts) and Nevis, and St. Vincent and the Grenadines. [IISD RS Sources]