Political Vision: The 10 Point Plan for Financing Biodiversity

Point 2 – Synergies with Climate Finance

Canada: Caribbean Organizations for a Resilient Environment (CORE)

What
The CORE project aims to increase the resilience of Caribbean Communities to the impacts of climate change. The Caribbean Biodiversity Fund works with the National Conservation Trust Funds in eight countries to implement local, nature-based solutions for climate change adaptation and mitigation.

Goal
The project looks to:

  • Build institutional capacity, strengthen innovative financing mechanisms and provide small- to medium-sized grants to environmental and women-rights organizations to key ecosystems such as mangroves, coral reefs and forests, and increase ecosystem services that support Caribbean communities’ resilience to climate change;

  • Address institutional capacity gaps within regional and local organizations to ensure the sustainability of community-driven climate resilience initiatives;

  • Create and strengthen innovative financing mechanisms for more sustainable climate financing in the region.

Benefits
The expected outcomes of this project include:

  • Improved performance of National Conservation Trust Funds (NCTFs) and environmental and women’s rights organizations to protect biodiversity and promote climate change resilience for vulnerable and marginalized local communities, particularly for women;

  • Enhanced viability of regional environmental organizations to expand the Caribbean Sustainable Finance Architecture in support of inclusive and gender-responsive climate resilience in communities and conservation areas;

  • Increased effectiveness of NCTFs in eight Caribbean countries to advance agendas for the sustainable, inclusive, equitable and gender-responsive management of biodiversity conservation and climate resilience across the Caribbean.

Relevant links and resources
https://w05.international.gc.ca/projectbrowser-banqueprojets/project-projet/details/P011284001

Caribbean Community Climate Change Centre (CCCCC) – Empowering People to Act on Climate Change (caribbeanclimate.bz)