CDB to Use COP 29 to Call for Better Climate Financing for Caribbean

The Caribbean Development Bank, CDB, has revealed plans to leverage the upcoming climate change conference to advocate for significantly increased financing for its borrowing member countries.

The 29th United Nations Climate Change Conference, or COP 29, is set for November 11 to 22, in Baku, Azerbaijan.

The CDB says it intends to amplify the Caribbean’s urgent priorities for climate resilience and sustainable development.

In a statement to the press, the bank says it will accelerate arguments for sustainable energy transition, disaster and climate resilience, and loss and damage.

CDB Acting President, Isaac Solomon, says the Caribbean urgently needs substantial, predictable flows of climate finance.

In addition to that, he says the region needs simplified access to these funds.