Building a More Resilient and Low-Carbon Caribbean - Report 3: Impact of Subsidized Financing to Support Resilient Buildings in the Caribbean
The Caribbean islands are among the 25 most-vulnerable nations in terms of disasters per-capita or land area, and climate change is only expected to intensify these vulnerabilities. The loss caused by climate events drags the ability of the Caribbean countries to invest in infrastructure and social programs, contributing to slower productivity growth, poorer health outcomes, and lower standards of living.Within this context, building resiliency should become a priority for the Caribbean countries. The series “Building a more resilient and low-carbon Caribbean”, focuses on improving the resiliency, sustainability and decarbonization of the construction industry in the Caribbean.The first two reports of the series analyze the economic losses caused by climate related events and the benefits of improving building resiliency to reduce those economic losses, showing that increasing building resiliency is economically viable for the high-risk islands of the Caribbean, generating long term savings and increasing the infrastructure preparedness to the impacts of CC. Report 3 - Impact of subsidized financing to support resilient buildings in the Caribbean, analyzes the benefits of subsidized financing for resilient buildings in the Caribbean, suggesting that providing subsidized financing to the building owner may be the most effective way to incentivize resilient construction practices.