Project Title
Building climate resilience through innovative financing mechanisms for climate change adaptation
Key Figures
- Budget: USD 5 million (Co-finance: USD 12.9 million)
- Executing Entity: Environment Division, Ministry of Agriculture, Lands, Housing and Environment
- Beneficiaries: 4,600 individuals
- Fund: Special Climate Change Fund
- Timeframe: Under implementation
Description
Vulnerable communities and sectors in Antigua and Barbuda are threatened by the impacts of extreme weather events caused by climate change, such as hurricanes, droughts and floods. The effects of climate change will further exacerbate environmental degradation and threaten the sustainability of the country’s economy. To address these challenges, the project promotes the implementation of cost-effective adaptation measures in Antigua and Barbuda by: i) developing innovative financing mechanisms for funding adaptation; ii) implementing ecosystem-based adaptation interventions to reduce vulnerability of local communities; iii) building institutional and technical capacity to implement and upscale adaptation interventions; and iv) strengthening the national and regional knowledge base for adaptation.
In the first two years of its implementation, the project has supported the setting up of the national Sustainable Island Resource Framework (SIRF) Fund for adaptation funding. A revolving loans programme for building resilience of households and small businesses has been set up. Hydrological surveys of pilot watersheds have been undertaken and ecosystem-based and infrastructure adaptation interventions have been designed for one of the watersheds. The project has also supported the revision of the country’s building code to include guidelines for climate resilient buildings.
Media & Resources
- Story: How communal loans are helping Antigua and Barbuda brace for hurricanes
- Video: Adapting to hurricanes in Antigua & Barbuda
- Project Brochure
- GEF project page
- Documentary: Adaptation Stories Episode 1
- Documentary: Adaptation Stories Episode 2
- Documentary: Adaptation Stories Episode 3
- Video: Adapting To Extreme Weather in Antigua & Barbuda
- Story: Adaptation Fund Project Story (partner project)
- Find more climate adaptation resources and multimedia
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For more information about the project or UNEP’s work in climate adaptation, contact us here UNEP-Climate-Adaptation@un.org