{"id":235372,"date":"2025-05-02T06:14:23","date_gmt":"2025-05-02T10:14:23","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=235372"},"modified":"2025-05-02T06:15:27","modified_gmt":"2025-05-02T10:15:27","slug":"small-islands-big-storms-our-futurecaribbean-nations-fight-to-reshape-global-climate-finance","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/small-islands-big-storms-our-futurecaribbean-nations-fight-to-reshape-global-climate-finance\/","title":{"rendered":"Small Islands, Big Storms, Our Future:Caribbean Nations\u2019 Fight to Reshape Global Climate Finance"},"content":{"rendered":"
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By: Chalsey Gill Anthony, Environmental Communicator, on behalf of Caribbean Policy Development Centre (CPDC)<\/strong><\/em><\/p>

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The familiar shoreline of Hellshire Beach in Jamaica is disappearing. Mario Galbert remembers the beach from his childhood, a stretch of golden sand where people played football, danced at parties, and cooled off in the Caribbean waters. Today, that beach no longer exists.<\/p>\n\n\n\n

\u201cIf you go to that beach now, there is no more shoreline for you to even walk on, to swim on, to sit and play in the sand,\u201d says the Jamaican youth climate activist. \u201cWater has taken over everything.\u201d<\/p>

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This is personal for Mario. But it\u2019s also a warning that shows what’s happening all over the Caribbean as climate change speeds up.<\/p>

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The Invisible Crisis<\/strong><\/p>\n\n\n\n

The region stands on the frontlines of a crisis we did not create. Yet, when global decisions are made about how to finance climate resilience, the Caribbean is barely in the room, let alone at the table.<\/p>

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\u201cIt is extremely difficult to access recovery funds,\u201d explains Ambassador Carlos Fuller, Permanent Representative of Belize to the United Nations. \u201cIn fact, there is no specific fund for recovery… Everything comes through humanitarian assistance and mostly loans.\u201d<\/p>\n\n\n\n

The challenges go deeper than just insufficient recovery funds. Ambassador Fuller highlights a critical gap in disaster preparedness: \u201cOur ability to show very early what is at risk. If you have a major event, you then have to go around to see what was damaged. But if you didn’t even do the preparatory work before the event, then you wouldn’t know where to go.\u201d<\/p>

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Ambassador Fuller recalls a personal experience during his time as Chief Meteorologist at Belize’s National Meteorological Service. \u201cThere was a tropical storm that hit Northern Belize. But they had a private insurance for a hurricane. The papaya fields went down due to winds of sixty miles an hour and the insurance man asked me if I \u2018can\u2019t find another fourteen miles an hour to make it a hurricane.\u2019\u201d<\/p>

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Just imagine\u2014needing to \u201cfind\u201d extra wind speed to trigger an insurance payout, despite farmers losing everything. These rigid systems often miss the lived reality of climate impacts across our region.<\/p>\n\n\n\n

When Regional Priorities Are Sidelined<\/strong><\/p>\n\n\n\n

Caribbean Economist, Dr. Donneil Cain recounts an example of how the lack of Caribbean weight can derail climate ambitions: \u201cA GCF Coral Reef rehabilitation project developed by CCCCC, with a valued US$50 million benefiting six Caribbean countries, was never approved. Despite the importance of coral reef for the Caribbean region. In the same breath, GCF approved the Global Coral Reef Fund, which was much larger, and suggested that CCCCC submit that proposal to that facility.\u201d<\/p>\n\n\n\n

Another challenge Dr. Cain identifies is how multilateral development banks approach climate finance: \u201cThe development banks are somewhat still in that phase of mainstreaming climate change into their operations; whilst responding to other competing development priorities. There are seventeen development goals of which climate action is only one.\u201d<\/p>\n\n\n\n

This creates a fundamental mismatch in timing and priorities. \u201cIf you have two million dollars to build a school. The government wants that school now,\u201d Dr. Cain explains. \u201cThen you’re going to tell the government, \u2018Let\u2019s get some climate finance and make it resilient but we can\u2019t do it till two years when funding is approved.\u2019 They’re going to say no, we will move ahead with our school.\u201d<\/p>\n\n\n\n

A Question of Power<\/strong><\/p>\n\n\n\n

Caribbean SIDS collectively hold just 1.01% of total votes at the World Bank, one of the primary institutions designing climate financing instruments for vulnerable nations. Meanwhile, the United States alone controls 15.84% of voting power.<\/p>\n\n\n\n

This power imbalance means the financial tools created to address climate impacts often don’t fit the realities of those most affected.<\/p>\n\n\n\n

\u201cIf CARICOM member states had seats and are given more significant roles in the decision-making processes, these organizations would be more tailored towards the needs of SIDS, responsive and fit for purpose,\u201d argues Dr. Cain.<\/p>\n\n\n\n

Youth Leading from Behind<\/strong><\/p>\n\n\n\n

For Mario and other young Caribbean climate activists, it is frustrating to see their futures being decided in rooms they cannot access.<\/p>\n\n\n\n

\u201cOur young people are being engaged at the local and regional level, but at an international level we are not well engaged,\u201d Mario explains. \u201cIf you go to any of these large climate change conferences, and you look at the Caribbean contingent of delegates, and our young people… they’re a smaller number.\u201d<\/p>\n\n\n\n

Young people have the most at stake because they will inherit whatever climate future today’s decisions create. \u201cWe are the future policymakers so we should be guiding the decisions,\u201d says Mario.<\/p>\n\n\n\n

Reimagining Climate Finance<\/strong><\/p>\n\n\n\n

The Caribbean Policy Development Centre (CPDC)\u2019s publication \u201cHow Can the World Bank Better Support the Shared Debt, Climate, and Development Financing Challenges Facing Caribbean SIDS?<\/a><\/em><\/strong>\u201d propose reforms: increasing basic votes for smaller nations in multilateral development banks, introducing weighted voting for climate-related issues, creating debt relief specifically for middle- and high-income Caribbean nations, and using more sophisticated vulnerability metrics beyond simple per-capita income.<\/p>\n\n\n\n

These reforms would transform how climate finance is structured and distributed. \u201cEven if it doesn’t exist, it can be created to meet our needs,\u201d notes Jwala Rambarran, author of the CPDC study. He pointed to the creation of the Caribbean Catastrophe Risk Insurance Facility after Hurricane Ivan as evidence that innovative solutions are possible when there’s political will. \u201cWe are creative people. We are resilient people. We could tinker with our problems and come up with solutions.\u201d<\/p>\n\n\n\n

Tangible Impact, Tangible Hope<\/strong><\/p>\n\n\n\n

What would meaningful change look like? For Mario, it’s about ensuring climate finance reaches communities that need it most. “It’s not just about getting the money,” he says. \u201cThe people who are being affected the most should be the ones who are benefiting from this.”<\/p>\n\n\n\n

For Dr. Cain, the push for Caribbean representation in global financial governance is about seeing real changes in people’s lives: “If we’re not in the room, then we don’t have a voice in shaping the mechanisms that will influence or affect us within our spaces.”<\/p>\n\n\n\n

He shares a vision of his personal reward: \u201cWhat I am looking forward to is saying to my kids, \u2018I supported that asset or system to become climate resilient, and it contributed to catalysing change in the Caribbean\u2019.\u201d<\/p>\n\n\n\n

A Future Worth Building<\/strong><\/p>\n\n\n\n

For the Caribbean, having a seat at the global financial table is about survival. The climate crisis means more beaches like Hellshire disappearing, more communities displaced, and more economies struggling under climate-induced debt.<\/p>\n\n\n\n

\u201cWe are very small islands. We don’t have a large land mass,\u201d Mario reminds us. \u201cMost of our people live nearby shorelines.\u201d<\/p>\n\n\n\n

If we truly want solutions that actually work for the Caribbean, then the world\u2019s financial institutions must recognize our region\u2019s unique vulnerabilities. And our voices must carry proportional weight in global climate finance so that funding can flow efficiently to those most affected.<\/p>\n\n\n\n

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Hellshire Beach in Portmore, Jamaica (2024). Photo Credit – Chuckie’z Events<\/figcaption><\/figure>\n\n\n\n
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Mario Galbert sharing about Climate Change impacts on CYCC Panel Discussion at COP28<\/figcaption><\/figure>\n\n\n\n
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Flags monument at COP28 climate change conference, Dubai.<\/figcaption><\/figure>\n<\/figure>\n
\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

By: Chalsey Gill Anthony, Environmental Communicator, on behalf of Caribbean Policy Development Centre (CPDC) The familiar shoreline of Hellshire Beach in Jamaica is disappearing. Mario Galbert remembers the beach from his childhood, a stretch of golden sand where people played football, danced at parties, and cooled off in the Caribbean waters. Today, that beach no […]<\/p>\n","protected":false},"author":12,"featured_media":235373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-235372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nSmall Islands, Big Storms, Our Future:Caribbean Nations\u2019 Fight to Reshape Global Climate Finance - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/small-islands-big-storms-our-futurecaribbean-nations-fight-to-reshape-global-climate-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Islands, Big Storms, Our Future:Caribbean Nations\u2019 Fight to Reshape Global Climate Finance\" \/>\n<meta property=\"og:description\" content=\"By: Chalsey Gill Anthony, Environmental Communicator, on behalf of Caribbean Policy Development Centre (CPDC) The familiar shoreline of Hellshire Beach in Jamaica is disappearing. 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Mario Galbert remembers the beach from his childhood, a stretch of golden sand where people played football, danced at parties, and cooled off in the Caribbean waters. 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