Tracking the USD 1.03 Billion Annual Financing Shortfall Across Small Island Developing States
💰
USD 1.03B
Annual financing gap across 9 OECS/CARICOM states
📉
47.7%
Average NDC financing coverage ratio (received/needed)
🌊
USD 126M
Largest sector gap: Coastal Resilience
🇹🇹
USD 168M
Largest country gap: Trinidad & Tobago
🇩🇲
45.2%
Best coverage ratio: Dominica (100% RE target)
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+100.4%
Growth in climate finance received 2020–2025
Critical Financing Gap: USD 609M annually
Across 9 OECS and CARICOM member states, only 45% of the estimated annual climate finance need (USD 1100M) is currently being met (USD 491M received). At this rate, the region will miss its 2030 NDC targets by a significant margin. Urgent scale-up of GCF, CDB, and bilateral climate finance is required.
Financing needed vs. received across OECS/CARICOM states (USD Million)
Financing received vs. gap by member state (USD Million)
Share of total USD 609M gap by sector
NDC financing needs, coverage ratios, and GCF project pipeline
| Country | Needed (M) | Received (M) | Gap (M) | Coverage | NDC Target | GCF Projects |
|---|---|---|---|---|---|---|
| 🇦🇬Antigua & BarbudaATG | $87M | $31M | $56M | 36% | 45% RE by 2030 | 2 |
| 🇩🇲DominicaDMA | $62M | $28M | $34M | 45% | 100% RE by 2030 | 3 |
| 🇬🇩GrenadaGRD | $78M | $35M | $43M | 45% | 50% RE by 2030 | 4 |
| 🇰🇳St. Kitts & NevisKNA | $45M | $18M | $27M | 40% | 35% RE by 2030 | 1 |
| 🇱🇨Saint LuciaLCA | $95M | $42M | $53M | 44% | 35% RE by 2030 | 3 |
| 🇻🇨St. Vincent & GrenadinesVCT | $58M | $22M | $36M | 38% | 30% RE by 2030 | 2 |
| 🇬🇾GuyanaGUY | $210M | $95M | $115M | 45% | 70% RE by 2030 | 5 |
| 🇧🇧BarbadosBRB | $145M | $68M | $77M | 47% | 100% RE by 2030 | 4 |
| 🇹🇹Trinidad & TobagoTTO | $320M | $152M | $168M | 48% | 15% GHG reduction by 2030 | 3 |
| TOTAL / AVERAGE | $1100M | $491M | $609M | 45% | 9 member states | 27 |
Climate finance gaps by sector across the OECS/CARICOM region
Energy Transition
Coastal Resilience
Water Security
Climate-Smart Agri
Sustainable Transport
Health & Climate
Scale GCF SAP Allocations
Increase GCF Simplified Approval Process allocations for SIDS to USD 50M per project cycle, with dedicated OECS envelope of USD 300M for 2026–2030.
Activate CCRIF Parametric Insurance
All 9 member states should activate CCRIF SPC parametric triggers for coastal and agriculture sectors, reducing ex-post emergency financing needs by up to 40%.
Establish OECS Climate Finance Hub
Create a regional NDA coordination hub to pool accreditation capacity, reducing per-country GCF access costs by an estimated 60% through shared direct access entities.
Implement Granular Budget Tagging
Adopt the GCFT Portal's multi-standard tagging methodology across all 9 member states to improve climate finance tracking accuracy and unlock performance-based financing.
Methodology note: Financing needs are based on NDC costing estimates from the NDC Partnership and UNFCCC BTRs. Financing received includes bilateral ODA with Rio Markers ≥ 1, GCF project disbursements, and CDB climate window approvals. All figures are in nominal USD millions for the 2025 fiscal year unless otherwise stated.
Published by the GCFT Portal — OECS Climate Finance Tagging & Reporting Platform · March 2026
This report is licensed under CC BY 4.0 · Free to share and adapt with attribution