Lead or sue? Pacific islands take twin tracks on climate change

Vanuatu becomes the first nation state to threaten oil majors with climate damages lawsuits, while the Marshall Islands submits updated climate plan to the UN.

Pacific Summary - Green Climate Fund 21st Meeting of the Board

17 – 20 October 2018,

Manama, Bahrain

 

 

Approved projects - Pacific

The following projects were approved at B.21:

FP090: Tonga Renewable Energy Project under the Pacific Islands Renewable Energy Investment Program, Tonga (Accredited Entity – Asian Development Bank)

GCF supports SIDS with financing energy storage

Technical and financial barriers have constrained the uptake of renewable energy in Tonga, resulting to a reliance on fossil fuels for more than 70% of electricity generation in 2018.

ADB Projects in Kiribati, Pakistan, and Tonga

The ADB has secured $108 million in funding from the Green Climate Fund for its climate change projects, shoring up the bank’s efforts to increase its climate financing for the Asia and Pacific region.

Understanding Risk Finance Pacific Forum

On October 16-19, policy-makers and experts from around the world will gather in Vanuatu for the Understanding Risk Finance Pacific Forum.

Adapting Fiji’s development strategy to climate change

In an effort to adapt the country’s development strategy to climate and disaster risk, the government of Fiji has since pioneered a first-of-its-kind climate vulnerability assessment.

Closing the climate finance gaps

Practitioners from around the world including Fiji, gathered in Berlin to share lessons and experiences from the past three years of work under the “GCF Readiness Programme”.

Cook Islands receives accreditation from Green Climate Fund

The Cook Islands can now access climate related finance of up to about US$50million per project directly from the Green Climate Fund.

Pacific regionalism, climate finance, and women in politics

During a recent trip to Port Vila, Tess Newton Cain caught up with Hon Ralph Regenvanu, Minister for Foreign Affairs, International Cooperation and External Trade in the Vanuatu Government.

ACliFF Launch and the Future of Climate Finance in Asia

Launch of the Asia-Pacific Climate Finance Fund (ACliFF) and the Future of Climate Finance in Asia.

Vanuatu Government launches climate change finance review

The Government of Vanuatu has launched its climate change finance review.

GCF pledges ambitious response to IPCC alarm bell

The Green Climate Fund is working with developing countries to drive urgent action in response to the latest IPCC report on the science of climate change. 

Climate forum considers innovative finance, technology

A regional forum on climate change adaptation, co-hosted by the ADB, provided an opportunity to discuss innovative technology and financing to build resilience to disasters and climate adversities.

Climate finance is failing the most vulnerable

“Woefully inadequate” is how a new report from Caritas assesses the state of global funds reaching the most vulnerable people affected by climate change in the Pacific region.

Understanding Climate Finance to Turn the Tide on Climate Change

To address the impacts of changing climate, developing countries enhance their capacity to access and manage climate finance.

How Caribbean Islands Are Leading the Clean Energy Transformation

Caribbean countries have shifted the focus to address the root of the problem by transitioning from climate-polluting fossil fuels to clean, renewable energy.

Climate Finance by Development Banks Increased Nearly 30% in 2017

Climate financing by the world’s six largest multilateral development banks rose to a seven-year high of USD 35.2 billion in 2017.

The Marshall Islands makes call for climate finance at G7

The president of the Marshall Islands has called on leaders of the world's wealthiest democracies to free up access to sustainable climate finance.

Federated States of Micronesia commence climate change and disaster risk finance assessment

With a view to advancing their national climate change and disaster risk management priorities, stakeholders gathered to participate in the Introductory Workshop for the Federated States of Micronesia’s Climate Change and Disaster Risk Finance Assessment.

GCF Board approves over USD 1 billion in funding for climate mitigation and adaptation

The first Green Climate Fund (GCF) Board meeting of 2018 concluded today after approving 23 projects, valued together at USD 1,093.5 million of GCF funding.

Development bank climate funding jumped 28% in 2017

An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.

Why is tiny Nauru getting $26.9m in climate finance

Nauru’s biggest donor Australia lobbied for a project that raises tough questions over how climate finance differs from traditional development aid. 

Bonn climate talks: key outcomes from the May 2018 UN climate conference

Over the past two weeks, diplomats in Germany, to discuss how to bring the Paris Agreement on climate change to life when it enters force in 2020.

Adaptation Fund Launches Pilot Initiative Providing Enhanced Support for Climate-Vulnerable Countries to Access Climate Finance

Adaptation Fund Launches Pilot Initiative Providing Enhanced Support for Climate-Vulnerable Countries to Access Climate Finance

COP23 Speech - LONG TERM CLIMATE FINANCE

“We must increase the pool of finance available for mitigation and adaptation” – COP23

 

Fiji Rural Electrification Fund

Inspired by Fiji's Presidency of COP23, the Fijian Government, with the support of the Leonardo DiCaprio Foundation, will bring renewable energy to eligible rural communities.