Position paper responding to climate change in the Caribbean Development Bank and its borrowing member countries
This paper discusses several potential areas where the Caribbean Development Bank (CDB) can focus its climate change response efforts. Two main areas are discussed: (a) due diligence in internal operations, and (b) support for climate risk management in the Borrowing Member Countries (BMCs).
Within its ongoing efforts to mainstream disaster risk management in its internal operations, as well as within the BMCs, the CDB already contribute to climate change adaptation. The overall goal of due diligence is to climate-proof the regular operations of the Bank. Climate-proofing, sometimes referred to as climate risk management, requires reducing to an acceptable level, the risks due to (a) current climate variability and extreme events, and (b) climate change.
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