The economic impact of climate events in the Caribbean is among the highest in the world. Improving the resilience of buildings is vital to increase preparedness to the impacts of climate change and is economically viable for many building typologies in high-risk Caribbean countries. Although resilient buildings generate long-term savings, in most cases, they come with … [Read more...] about Building resilience comes at a higher initial cost. How can we better finance it?
Climate change
Government electromobility investments in Barbados are paying off
Barbados is a vocal leader in the climate change agenda on the global stage and, most importantly, it is also walking the talk and starting to benefit from the results of its green growth commitments. The country is devoted to driving its economic recovery through development that is inclusive and sustainable. In this context, accelerating investments in electromobility is … [Read more...] about Government electromobility investments in Barbados are paying off
The cost of (not) building resilient infrastructure in the Caribbean
We all know that to build more resilient infrastructure, we need to invest more; but how much more is enough? Our last blog showed that the Caribbean islands lose an average 2% of their capital stock in infrastructure because of climate-related events every year. This would be equivalent to having all the infrastructure capital stock in the Caribbean islands … [Read more...] about The cost of (not) building resilient infrastructure in the Caribbean
What can be done to improve disaster preparedness and response in Haiti? Key Takeaways from a Mercredi de Réflexion
The Mercredi de Réflexion is a recurring meeting organized by the Inter-American Development Bank's (IDB) Haiti office that provides a space to reflect on new ideas and positive developments amid the noise of everyday events. This is what representatives from the Government of Haiti, UNECLAC, the Caribbean Development Bank and the Caribbean Disaster Emergency Management Agency … [Read more...] about What can be done to improve disaster preparedness and response in Haiti? Key Takeaways from a Mercredi de Réflexion
Is it worth it to invest in resilient constructions in the Caribbean? The answer is yes!
The Caribbean islands are among the 25 most-vulnerable nations in terms of climate-related disasters per capita or land area, and climate change is only expected to worsen this scenario. Only in 2020, there were 13 hurricanes in the Atlantic, second highest on record. In addition to human lives losses, these disasters take a deep toll on economic growth: in 2019, hurricane … [Read more...] about Is it worth it to invest in resilient constructions in the Caribbean? The answer is yes!