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Caribbean Climate Crisis Demands Urgent Action by Governments and Investors

The region has received minimal private climate financing despite being highly vulnerable to climate disasters and having the greatest need. The Caribbean is the most exposed region to climate-related natural disasters, with estimated adaptation investment needs of more than $100 billion, equal to about one-third of its annual economic output. Moreover, with electricity largely generated using fossil fuels, energy prices in the Caribbean are among the highest in the world, highlighting the need for investment in lower-cost and lower-carbon energy production. […]