- Enabling environment/capacity building for project proponents
- Project scoping, ideation, and concept note development
- Development of pre-feasibility studies
- Development of feasibility studies
- Project financial structuring
The CC PPF is managed by the CDB’s Environmental Sustainability Division (ESD). For more information, please contact: [email protected].
Launched in 2025, the Caribbean Development Bank Climate Change Project Preparation Fund (CC PPF) helps the Bank's Borrowing Member Countries (BMCs) identify, design and prepare high-impact programmes and projects which address their climate change adaptation and mitigation needs.
Projects that could be supported by the CC PPF may be identified by CDB client countries, CDB staff or development partners based on national climate priorities and funding needs. Project ideas may emanate from the development of the Country Engagement Strategy with CDB or from other national development strategies and plans. All project preparation support requests require official government endorsement.
Projects that request support must align with at least one of the eligible themes, qualify as an eligible project type and the intended project preparation activities must fall within the eligible activities. Eligible themes include resilient infrastructure, integrated urban development, climate-resilient communities, sustainable natural resource management, agriculture, renewable energy, energy efficiency, and low-emissions transportation. In addition, the Implementing/Executing Agency must meet the requirements of eligible entities under the CC PPF.
To be eligible for support from the CC PPF, a project must fall into one of the following four categories:
Type 1: Capital projects/programmes to be financed by CDB that focus on addressing the underlying drivers of CC and/or the underlying causes of CC vulnerability, including at the system level. These projects/programmes would make a direct and significant contribution to the climate change adaptation and mitigation priorities of CDB’s client countries.
Type 2: Climate-related capital projects/programmes seeking funding from international concessional climate funds. The CC PPF will help develop proposals that aim to access project preparation funding from other non-CDB sources but require early-stage support from CDB (i.e. before being able to access project preparation support from entities such as the Green Climate Fund and Adaptation Fund). For this type of support, CDB would lead the projects as the Accredited Entity and/or participate as a co-financier.
Type 3: Capital projects/programmes to be financed by CDB that focus on addressing broader sustainable development needs and integrate measures to manage and/or reduce physical climate risks. These projects may not focus on responding to countries’ climate change adaptation and/or mitigation needs, but have significant potential to enhance resilience if/when the core project design work is informed by a Climate Risk and Vulnerability Assessment (CRVA).
Type 4: Resilience-focused technical assistance projects. These projects aim to strengthen the capacity of BMCs related to disaster risk management and climate change adaptation.