US pledges $100 million for Caribbean green energy transition and security initiatives.
TL;DR Summary
The United States Agency for International Development (USAID) plans to spend $20 million to support the Caribbean's transition to renewable energy and address climate change impacts. The initiative will also form the Blue-Green Investment Corporation, which will work with Barbados, the Green Climate Fund, and private sector entities to form a "green bank." The purpose of the bank will be to finance projects such as climate resilient housing, renewable energy, clean transportation, and water conservation. An additional $1.5 million will be committed to the Caribbean Community Climate Change Centre.
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- Kamala Harris announces plans to invest $100 million to help the Caribbean with crisis, initiatives Fox News
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