This Act makes provision for the establishment, governance and operations of the Barbados Blue Green Bank; the facilitation of the financing of the sustainable green and blue sectors of the economy for the assistance of creditors and investors and the stimulation of innovation within the financial sector to mobilise the securities and loans markets in these sectors; the facilitation of investment projects in pursuit of climate resilient and climate adaptation strategies; the investment functions of the Bank; and related matters.
The Bank shall receive and make grants and invest, directly or indirectly, in clean energy technologies, climate mitigation, climate resilient and climate adaptation projects or programmes in the sustainable green and blue sectors of the economy.
