The EU–LAC Policy Brief No. 14 forms part of the series of analyses, recommendations, and strategic contributions of the EU–LAC Foundation, aimed at enriching the bi-regional dialogue and the 4th CELAC–EU Summit.
This publication examines the urgent and disproportionate risks that climate change poses to LAC, particularly to the SIDS of the Caribbean, which face severe economic and environmental repercussions despite their low global emissions. It also delves into the persistent lack of financing, structural obstacles, and limited institutional capacity that hinder the region’s ability to meet its NDCs, SDGs, and long-term resilience objectives. Innovative financial instruments, regional cooperation models, and adaptation strategies — exemplified by the Bridgetown Initiative and the reforms promoted by MDBs — offer pathways to strengthen access to, and the effectiveness of, climate finance.
In this context, the forthcoming 4th CELAC–EU Summit in Santa Marta, Colombia (9–10 November 2025), presents a crucial opportunity to reinforce the EU–LAC strategic partnership. Key proposals include transforming the global climate finance architecture, expanding innovative tools (parametric insurance, GSSS bonds, blended finance, carbon pricing), strengthening cooperation frameworks, enhancing institutional and human capacity, promoting regional solutions, and ensuring social equity and just transitions.