A platform to improve resilience in the Caribbean
Currently in the design phase, the Caribbean Ocean and Aquaculture Sustainability Facility (COAST) proposes to promote the resilience of the small-scale fisheries sector in the Caribbean against increasing climate-change related disaster risk. The objective is to create a platform for innovative insurance financing that also incentivizes small-island governments to support coastal management and reef restoration for climate resilience among other activities.
Belize, Grenada, Jamaica and The Bahamas are the first countries that have expressed an interest in being part of the COAST project, with scaled up activities and more countries possibly involved over time.
Available at: http://www.worldbank.org/en/news/feature/2016/01/07/as-climate-change-hits-the-caribbean-partners-collaborate-to-boost-resilience-and-rejuvenate-coasts