Saint Lucia’s Experience With Private Sector Climate Adaptation

This report examines the climate change adaptation efforts to date of private firms in Saint Lucia as well as the impact of the government’s initiatives aimed at encouraging private sector adaptation. It draws lessons from two CIF-supported adaptation financing initiatives—the Climate Adaptation Financing Facility (CAFF), implemented by the Saint Lucia Development Bank (SLDB), and the Sustainable Agribusiness for Laborie and Environs (SABLE)/SmartClime, implemented by the Laborie Cooperative Credit Union (LCCU)—as well as stakeholder interviews, a survey of businesses, and other sources. The findings and recommendations may also be relevant to other Small Island Developing States (SIDS), especially those in the Caribbean region.