The Caribbean Growth Financial institution (CDB), together with its companions RTI Worldwide (RTI) and the Ocean Threat and Resilience Motion Alliance (ORRAA), is inviting submissions for modern undertaking concepts and ideas for consideration underneath the Blue Co Caribbean Umbrella Coordination Programme (Blue Co). Proposals could be submitted to Blue Co submissions no later than October 31.
Launched throughout COP28 in 2023, Blue Co is a part of CDB’s efforts to fight the consequences of local weather change and promote sustainable use of marine and coastal assets within the Caribbean, by financing and funding in tasks that help the blue financial system. Grant funding is offered via the Inexperienced Local weather Fund.
An unbiased panel of consultants will consider undertaking submissions. RTI and ORRAA will present additional technical experience and help in refining the chosen proposals. Probably the most promising initiatives could have the chance to safe direct funding via Blue Co.
CDB’s Division Chief, Environmental Sustainability, Valerie Isaac, underscored the urgency of this initiative which is able to assist to unlock personal sector funding and help large-scale transformative tasks throughout the area.
“The Blue Co programme will play an important function within the area’s response to the local weather disaster. This massive-scale initiative is predicted to generate vital funding within the transition to a climate-smart Caribbean blue financial system whereas unlocking extra financing, significantly from the personal sector,” Isaac mentioned.
Vice President of Power at RTI, Tatyana Marshall, expressed her pleasure about RTI’s continued involvement within the programme. “We’re thrilled to help CDB via the Blue Co programme. This significant local weather finance will enable us to advance climate-resilient improvement within the Caribbean. A sustainable blue financial system is crucial for Caribbean communities, and we commend CDB for main such a transformative and impactful initiative,” she mentioned.
World Outreach and Engagement Director at ORRAA, Ariane Steins-Meier, highlighted the programme’s potential to drive long-term change. “The Blue Co Programme marks a major step in constructing a coordinated, resilient, and regenerative blue financial system throughout the Caribbean. By leveraging modern financing mechanisms and inspiring collaboration between the private and non-private sectors, we are able to collectively scale up tasks that defend coastal communities, improve biodiversity, and drive financial progress. ORRAA is worked up to carry its experience to this important initiative.”
