CARIF Market News

USAID project bolsters Dominica’s climate change resilience

June 13, 2016

Dominica continues to work on recovery efforts from Tropical Storm Erika, which hit the island last year. A USAID-funded project will help to improve resiliency against climate change and future storms. United States ambassador to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States (OECS) Linda Taglialatela praised the $9.5 million Rallying the […]

US approves commercial flight service to Cuba

June 10, 2016

This week the US approved commercial flights to nine sites on Cuba – a major breakthrough for the island’s tourism and commerce sectors. Six carriers will operate from locations in the US;  American Airlines, Frontier Airlines, Jetblu Airways, Silver Airways, Southwest Airlines and Sun Country Airlines. Between these carriers, requests for nearly 60 flights for […]

Belize most vulnerable in Central America to sea level rise

June 9, 2016

Among small-island developing states in the Caribbean, Belize is the most likely to be impacted by climate change. The Development Finance Corporation (DFC) is promoting renewable energy and energy efficiency financing to Belize’s private sector, with an offer of up to $200K per project for upgrades and installation. But Dr. Kenrick Leslie, Executive Director of […]

Webinar on Financing Storage for Islanded Renewable Energy Systems

March 8, 2016

IRENA, under the umbrella of the SIDS Lighthouses Initiative, aims to facilitate the financing of energy storage in island systems. For this purpose, a paper “Financing Storage for Islanded Renewable Energy Systems”, highlighting the difficulties and potential solutions to the securing of financing for energy storage projects in remote areas and islands, has been prepared.  […]

Affordable Financing for Climate Change Mitigation Projects in Jamaica

September 16, 2015

The United States Agency for International Development (USAID) and the First Global Bank have partnered to give Jamaicans access to affordable loan financing for projects related to climate-smart agricultural and climate change mitigation solutions. According to Peter Lindo, Vice President of First Global Bank, the loans are different than traditional green financing, which typically targets […]