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Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States

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  • Preeya S. Mohan

    (University of the West Indies)

Abstract

Caribbean Small Island Developing States (SIDS) are highly vulnerable to the impacts of climate change. Given high mitigation and adaptation costs and constrained domestic finances, they seek international funding to meet their climate objectives. This paper investigates Caribbean SIDS perspectives on the role of international climate finance in addressing climate change and its effectiveness in meeting climate goals. The paper first explored the climate financing needs of sixteen Caribbean SIDS through a content analysis of their Nationally Determined Contributions (NDCs). It then compares the climate finance needs of the region with international climate finance commitments received by examining climate finance trends using data from the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee’s (DAC) Creditor Reporting System (CRS). The study revealed large gaps in estimating the climate finance needs of the region, as well as important patterns in the way climate finance is being distributed across mitigation, adaptation and overlap activity; principal versus significant climate objective; recipient country; sector; and source and type of funding. These findings are useful to help countries make decisions about how international climate finance should be used, and how its impacts should be evaluated and a basis for climate finance negotiations and dialogue with bilateral development partners and multilateral climate funds, and to assess whether available funds are being put to good use and identify problems that need to be addressed.

Suggested Citation

  • Preeya S. Mohan, 2023. "Financing needs to achieve Nationally Determined Contributions under the Paris Agreement in Caribbean Small Island Developing States," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 28(5), pages 1-24, June.
    • Handle: RePEc:spr:masfgc:v:28:y:2023:i:5:d:10.1007_s11027-023-10062-9
    DOI: 10.1007/s11027-023-10062-9
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    References listed on IDEAS

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    1. Michaelowa, Axel & Michaelowa, Katharina, 2011. "Coding Error or Statistical Embellishment? The Political Economy of Reporting Climate Aid," World Development, Elsevier, vol. 39(11), pages 2010-2020.
    2. Preeya Mohan & Eric Strobl, 2021. "The impact of tropical storms on the accumulation and composition of government debt," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 483-496, June.
    3. Kissinger, Gabrielle & Gupta, Aarti & Mulder, Ivo & Unterstell, Natalie, 2019. "Climate financing needs in the land sector under the Paris Agreement: An assessment of developing country perspectives," Land Use Policy, Elsevier, vol. 83(C), pages 256-269.
    4. W. P. Pauw & Richard J. T. Klein & Kennedy Mbeva & Adis Dzebo & Davide Cassanmagnago & Anna Rudloff, 2018. "Beyond headline mitigation numbers: we need more transparent and comparable NDCs to achieve the Paris Agreement on climate change," Climatic Change, Springer, vol. 147(1), pages 23-29, March.
    5. Stacy-ann Robinson, 2017. "Climate change adaptation trends in small island developing states," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(4), pages 669-691, April.
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    Cited by:

    1. Nicola Favretto & Lindsay C. Stringer, 2024. "Climate resilient development in vulnerable geographies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 29(8), pages 1-32, December.

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