CDB to press for easier climate finance at COP31
Bank President Daniel Best says climate-vulnerable countries are paying for climate change twice.
BRIDGETOWN, Barbados. The Caribbean Development Bank (CDB) will use the COP31 climate conference to call for more investment in resilience and easier access to climate finance for small island states.
The conference takes place in Antalya, Türkiye, from 9 to 20 November. The CDB is financing the CARICOM Pavilion, the region's base at the summit.
The bank says it will urge the international community to treat spending on adaptation and resilience as a productive investment rather than a cost after disaster strikes, and to judge access to finance on vulnerability rather than income.
"Climate-vulnerable countries are paying for climate change twice," said CDB President Daniel Best.
The CDB will also argue for simpler processes and a bigger role for regional institutions. Events planned at the pavilion between 10 and 13 November will cover climate and energy finance, the blue economy and cooperation between development banks.
