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Caribbean Climate-Smart Accelerator

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What is the Caribbean Climate-Smart Accelerator? 

The Caribbean Climate-Smart Accelerator (CCSA) combines the capacity and development experience of Caribbean countries, with world-class innovation and delivery capabilities. 

CCSA is an engine that catalyses and accelerates initiatives building toward a Climate-Smart Zone – delivering resilience, social development, and broad-based economic growth for the Caribbean. 

Their central objective is to help transform the region’s economy by fast-tracking sound public and private investment opportunities that support climate action and economic growth through sustainable development. 

Drawing on the deep experience of Caribbean nations and institutions, a group of 28 visionary Caribbean Governments, alongside some of the largest global companies, financial institutions, and foundations joined the Accelerator to make the Caribbean a beacon of climate-smart development. Virgin Unite and Richard Branson proudly worked alongside Caribbean government leaders to form the coalition of partners who founded and launched the Caribbean Climate-Smart Accelerator in 2018. 

What does the Caribbean Climate-Smart Accelerator do? 

The Caribbean Climate-Smart Accelerator’s goals are to: 

  • Create a roadmap detailing the key milestone with costs, implications and timelines for moving at pace to its desired state 

  • Place the region on an irreversible path to generate 90% of electricity from renewable resources and electrify the transport sector by 2035 

  • Place the region on a firm path to protect 30% of the ocean and land by 2030 

  • Strengthen the region’s economic resilience against exogenous shocks by building climate action as an economic industry 

Its approach to achieving these is: 

  • Convening and creating economies of scale to strengthen the ability of projects to attract resources and best practice 

  • Structuring, implementing, and fundraising for blended financial facilities to deliver new sources of capital and increase funding available for climate action across the region 

  • Applying innovation to the most difficult-to-solve challenges, working with technology developers and through collaboration with other accelerators 

  • Engaging the private sector to execute through cross-sector partnerships and other mechanisms, further enabling national governments to focus on policy development 

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