Significant emphasis is often placed on the quantum of climate finance that is provided and mobilised in a given year. While undoubtedly important, increasing quantities of climate finance is not sufficient. It is similarly important to ensure the underlying quality – or ‘effectiveness’ – of climate finance is responsive to countries’ needs. This one-hour side event will therefore aim to:  

• explore how climate finance effectiveness is viewed by Caribbean stakeholders;  

• enhance understanding of the factors that can impact the effectiveness of climate finance; and  

• discuss and raise awareness about new strategies, tools and approaches for both increasing climate finance flows to the Caribbean and improving their effectiveness over the coming years, including the new CDB Climate Change Project Preparation Fund.