On May 10th, coinciding with the European Union (EU) Day, the EU officially launched its €35M Euroclima climate action program in the Caribbean region. Euroclima is the EU’s flagship programme for green action to all 33 countries across Latin America and the Caribbean and will contribute to the implementation of the Global Gateway Investment Agenda in the region. The EU aims to bridge the infrastructure investment gap by using public financing to leverage private capital and investment for projects that contribute to the green and digital twin transition. After over a decade of successful implementation in Latin America, Euroclima evolves into a stronger and modernised version of the EU and LAC partnership. The programme aims at increasing resilience to climate change of ecosystems and vulnerable communities, including women, youth, and indigenous populations through the implementation of demand-driven actions.

Euroclima provides a unique opportunity to support ongoing efforts towards a green and just transition and to strengthen intra-regional collaboration and as such advance the Partnership on the Green Deal with the Caribbean and the Global Gateway Investment Agenda in the region. The Programme will also strategically strengthen the long-standing EU-LAC relationship, by implementing flexible and tailored actions involving a broader range of thematic and stakeholders´ scopes from both sides of the Atlantic. The Spanish Agency for International Development Co-operation (AECID), the United Nations Commission for Latin America and the Caribbean (ECLAC), the International and Ibero-American Foundation for Administration and Public Policies (FIIAPP) and the United Nations Environmental Programme (UNEP) complete the list of Implementing Agencies of Euroclima in the region.

The Programme will increase partners’ resilience against climate change, help protect the most vulnerable populations and build future-proof services in the region. It aims to strengthen the climate cooperation between the EU and the Caribbean region. The launch took place at Walkers Reserve, an eco-forest located on the east coast of the country, which is also a centre for regenerative agriculture, further highlighting the focus and commitments of Euroclima. The EU welcomes the United Nations Development Program (UNDP) as a new Implementing Agency (IA) that, along with other agencies, will continue to support climate action in the Caribbean.

For further information: https://international-partnerships.ec.europa.eu/news-and-events/news/global-gateway-eu-latin-america-and-caribbean-lead-charge-green-and-just-transition-2023-05-10_en