Minister in the Ministry of Economic Affairs Marsha Caddle says there's a need to build an economy for Barbados that is climate proof.
She made the comment as she addressed a workshop on the Green Climate Fund Financing Opportunities for Private Sector Investment to advance climate change actions.
It was held at the Lloyd Erskine Sandiford Centre and attended by innovators, members of NGO's, the local business community and other stakeholders.
She says a major climate event could potentially result in Barbados having to rebuild its entire economy.
Ms. Caddle adds that one of the things we need to get better at is matching the great ideas with resources, while achieving scale and taking advantage of emerging markets.