“For Pacific nations, simplified procedures are not only about getting faster access to available resources, but on a broader level about building up and retaining the capacity in our regions to plan and implement climate change activities.” HE Ali’ioaiga Feturi Elisaia.
Rich nations table roadmap to raise US$100billion annual climate finance for poor countries to adapt to climate change
“It’s vital that this precious public finance is targeted at the very poorest people, in the harder to reach places, places the private sector can’t or won’t go. We also need to see a fifty-fifty balance between funding for adaptation and for emission-reducing mitigation.” Alison Doig, Christian Aid.
The four success components behind Tuvalu’s US$38million GCF project, and importance of climate finance access
Tuvalu’s success makes it only the second Pacific island country, after Fiji, to have successfully accessed GCF project finance. It highlights the difficulties that small under-resourced and under-capacitated Pacific island countries face when trying to access multilateral climate financing.
Tuvalu, first small Pacific nation to gain GCF project funding with US$38.8million for Coastal Adaptation project
Project resources will be used to put in place a robust coastal protection infrastructure along 2,210m of vulnerable coastlines of Funafuti, Nanumea and Nanumaga representing nearly 28% of the high value zone of the country, which currently has no protective measures. It also represents 10% of all vulnerable coastlines in the country.
I am here on behalf of the Ulu o Tokelau, Aliki Faipule Afega Gaualofa, the elders and the people of Tokelau to convey their love and blessings to the Labour Party’s Pacific Climate Change leadership in establishing a Taskforce team in response to the Pacific’s cry for help in combatting climate change. We wish you well in your visit to Tuvalu and Kiribati. Paula Faiva, Manager, Climate Change.
The Cook Islands have become the first Small Island Developing State (SIDS), and Pacific country to access the Green Climate Fund (GCF). Announced Sunday this week, the Cook Islands received US$150k of “readiness funding”...