A coordinated approach, including toward subsidies, is needed to tackle climate change successfully. Governments across the world are using subsidies to support the green transition. Green subsidies can be helpful where there are market failures. When carbon emissions are underpriced in relation to their true cost to society or preferable policy solutions (such as carbon...Read More

The region has received minimal private climate financing despite being highly vulnerable to climate disasters and having the greatest need. The Caribbean is the most exposed region to climate-related natural disasters, with estimated adaptation investment needs of more than $100 billion, equal to about one-third of its annual economic output. Moreover, with electricity largely generated...Read More