The session will present sustainable finance insights relevant to Small Island Developing States (SIDS) and shared by stakeholders from Caribbean and Pacific SIDS and development partners committed to supporting SIDS take climate action and transition to low-carbon, inclusive development. 

Regional organizations from the Pacific and Caribbean will set the scene by outlining the existential threats that climate change impacts pose to SIDS, and how the challenges of accessing, absorbing and implementing climate and sustainable finance serve to amplify and entrench climate change effects.   

The session will then pivot to highlight the collaborative efforts being undertaken to accelerate access to and mobilization of climate finance in SIDS, with a particular focus on greening the financial sectors in the Caribbean and Pacific regions. This discussion will highlight the key barriers and challenges in these SIDs countries and some critical policy tools and framework as well as innovative financial instruments being developed and focused regional programs being implemented in support of scaling-up sustainable finance in Caribbean and Pacific SIDS.

A shift to sector-specific examples will then take the session to its conclusion. Case studies from the housing sectors of the Eastern Caribbean and Fiji will show case how diverse financial instruments are being developed to mobilize finance for housing that is green, affordable and resilient to the sever, climate change-induced weather occurrences now common in the Caribbean and Pacific regions. Case studies from the water sectors in Saint Lucia and Vanuatu will showcase how Blue Bonds and National Financing Vehicles are supporting government to extend access and ensure sustainability water resources in SIDS.