Blue Co Caribbean Coordination Programme Project Concept Collection Form
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RTI International (RTI) and the Ocean Risk and Resilience Action Alliance (ORRAA) have been contracted by the Caribbean Development Bank (CDB) to develop a Green Climate Fund (GCF) funding proposal for the Blue Co Caribbean Umbrella Coordination Programme (Blue Co). Blue Co aims to catalyse significant, long-term finance for a low-emission, climate-resilient regional blue economy in Caribbean Small Island Developing States (SIDS).
As part of the GCF proposal, RTI and ORRAA are developing a consolidated package of project concepts which, subject to GCF funding and further due diligence, could be directly financed through Blue Co. These projects aim to increase the climate resilience and low emission development of the Caribbean regenerative and sustainable blue economy, with a focus on providing proof of concept for innovative financing and insurance mechanisms that can be scaled across the region. For a list of relevant sectors please see the sector focus question in the concept form.
We invite interested government, civil society, multilateral, and private sector stakeholders to submit project concepts for consideration by 23:59 (BST) 31 October 2024. We expect to contact organizations with shortlisted project concepts in December 2024 and support them to develop a full project submission package in early 2025.
Please note that this is not a direct funding opportunity. The goal is to establish a strong project pipeline for inclusion in the GCF Blue Co proposal. All eligible submissions will be evaluated by an expert panel using key criteria such as: impact, innovation, equity, scale and systematic change, team composition and stakeholder engagement, risks, and additionality. More detailed guidance about the evaluation criteria is available here.
The Blue Co Caribbean Umbrella Coordination Programme Concept Note is available here.
If you have any questions, please email info@oceanriskalliance.org