Here are the climate-related sections of speeches by MPs during the Commons debate Draft Caribbean Development Bank (Eleventh Replenishment of the Special Development Fund (Unified)) Order 2026.
18:02 Chris Elmore (Labour)
The Caribbean region is important to the United Kingdom, and our history and values are closely intertwined. Twelve of the 53 Commonwealth states are in the region, along with five out of the 14 UK overseas territories. There is a large Caribbean diaspora in the UK, and a significant number of British nationals visit as well as reside in the Caribbean. The Caribbean has strong economic links to the UK, and the UK was the destination for almost 10% of Caribbean goods exports in 2025. Although small in population size, countries in this region have a significant voice on global issues and in international organisations, including the United Nations. We have shared interests in areas such as tackling climate change, global financial system reform, combating crime and violence, and fostering trade and inclusive economic development.
The Caribbean Development Bank, or CDB, is the sole multilateral development bank that is exclusively focused on the Caribbean region, providing more than $312 million in 2024. The UK has a long-standing partnership with the CDB. We were one of the founding members and are the joint largest non-regional shareholder, with a 9.3% shareholding. The CDB plays a key role in the achievement of the UK’s regional development objectives of supporting sustainable development and tackling the impact of climate change.
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Chris Elmore (Labour)
I will go through each point in turn. The SDF will build resilience against environmental stresses and disasters. It will fund climate adaptation, disaster risk management, biodiversity preservation and sustainable energy. That will include 10 km of new or improved sea defences and drainages, 6 MW of renewable energy and a reduction of 30,000 tonnes of greenhouse gas emissions annually. The SDF will ensure that Caribbean infrastructure, agriculture and small businesses are supported to thrive. It will do so by training over 10,000 agricultural workers, improving 2,000 hectares of land, providing $75 million in credit to over 1,000 small businesses, half of which will be women-owned businesses, and building or upgrading 200 km of roads.
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