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Business Action for Adaptation and Resilience

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
Business Action for Adaptation and Resilience

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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