Business Action for Adaptation and Resilience

Year Published

2024

Contributing Organizations

Climate Champions

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic

Adaptation & Resilience

Topic 2

Climate Finance Ecosystem

Topic 3

Risks & Opportunities: The Business Case

Target Audience

All

Relevant Geography

Global

Latin America and the Caribbean

North America

Resource Description

This resource builds the business case for climate-resilient residential and commercial construction in Barbados, Jamaica, and Trinidad and Tobago. It assesses hazards, resilience options, and financial returns to guide investment.

Why This Matters

Resilient construction lowers climate risks, safeguards livelihoods, and creates significant investment opportunities.

Key Insights

Caribbean buildings face major risks from hurricanes, floods, droughts, and heat, with hurricane losses averaging US$215m annually
Measures like roof anchorage, flood barriers, and shading deliver positive ROI, especially for SMEs
Market potential for resilient housing: US$625b in Barbados, US$148b in Jamaica, US$10b in Trinidad and Tobago
Demand depends on affordability, financing, and costs; few financial products currently support resilience
Greater awareness, lending tools, and capacity building are needed

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