Water Sector Resilience Nexus for Sustainability in Barbados (GCF-FP060)

Countries
  • Barbados
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Caribbean Community Climate Change Centre and The Barbados Water Authority (BWA)
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 27.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 45.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 45,205,010
Converted using 2018-06-27 exchange rate.
Primary Source

Original disclosure @ GCF website

Updated in EWS Jun 27, 2018

Disclosed by Bank Feb 6, 2018


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Project Description

According to the Green Climate Fund, the proposed project will cause a paradigm shift to make the Barbados society more aware of the water cycle and climate change impacts threatening the island's water supply. 

The main objectives of the projects are to:

  1. build greater resilience to extreme storm events and drought conditions by utilizing cleaner energy sources, decentralising water storage, promote rainwater harvesting at the household and community level, and improve the efficiency with which rainwater runoff replenish aquifers in Barbados. This will include the installation of a 2.0 MW Grid-tied solar plant. 
  2. further advance adaptation and mitigation initiatives in the water sector of Barbados by redirecting and mobilising local funds through a revolving adaptation fund. 
  3. reduce the greenhouse gas emissions intensity of water provision by integrating renewable energy with back-up natural gas turbines and sustainable Water Loss Reduction (WLR) initiatives. This includes the installing of 16 km of mains. 
  4. contribute to capacity building via knowledge sharing and lessons learnt platforms within communities, educational organizations, private sector, civil society, BWA and the Government of Barbados to manage and monitor water resources.
  5. support the review and development of a legislative framework to supports climate smart development and water sector resilience.
  6. collate and disseminate lessons learnt for use in developing further adaptation and mitigation initiatives and raising public awareness about climate change, water conservation, recycle and reuse, the revolving adaptation fund, Green Climate Fund and in general this project. 
People Affected By This Project

According to the Green Climate Fund, the major beneficiaries are the population of Barbados, which in 2016 was estimated by World Bank to be 284,215 people.

The Green Climate Fund's documents say that the following points are potential impacts of the project:

  1. reduced greenhouse gas emissions and the intensity of greenhouse gas emissions in the provision of water.
  2. increased adaptation and mitigation actions by households and communities. 
  3. swift and immediate adaptation and mitigation actions by mobilising localised funds for climate action.
  4. more reliable availability of potable water to the public (improved water and food security).
  5. increased use of lessons learnt and climate information by communities, educational organizations, private sector, civil society, BWA and the Government of Barbados for sustainable solutions to climate change.
  6. improved legislative environment that supports climate smart development and water sector resilience.
  7. greater awareness about the effects of climate variability and change by the population of Barbados and the wider Caribbean.
  8. scalable and replicable in other Caribbean Countries.
Investment Description
  • Green Climate Fund (GCF)

 The Barbados Water Authority (BWA) will provide US$17.6 million in co-financing. 

Contact Information

Contact:

Dr. Kenrick Leslie 

Caribbean Community Climate Change Centre

Email address k.leslie@sbcglobal.net

Telephone number (501)-822-1094 / (501)-822-1104

Mailing address 2nd Floor, Lawrence Nicholas Building, Ring Road, P.O. Box 563, Belmopan, Belize, Central America.

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND

The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.