$100m World Bank money for Barbados 

The World Bank has approved  $100 million in financing to support Barbados’ low carbon economic development and resilience to climate change.

According to Prime Minister Mia Amor Mottley the loan allows Barbados to advance its efforts to achieve climate resilience, including the continuing shift to clean energy. 

She says this ultimately allows government to better shield Barbadians from the worst excesses of the climate crisis while creating opportunities for green and blue jobs and investment.

The Barbados green and resilient development policy loan has two main pillars.  

The first focuses on green and blue resilient development, which includes a new law on water reuse, the adoption of a climate change and agriculture policy and the establishment of an environment sustainability fund, all of which are critical since Barbados is a water-scarce country. 

This pilar also supports the reduction of marine pollution, and management of natural resources, in the context of climate vulnerability.

The second program pillar facilitates Barbados’ low carbon and resilient infrastructure development through the implementation of new standards for agency-level disaster management plans, institutional reviews of national emergency management agencies, as well as increased renewable energy capacity and support for climate change adaptation and mitigation efforts.

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