Collaboration between stakeholders key to accessing climate change finance.
27 June 2019
By KALISITO ECEÉCE of FemLink Pacific.
Sigatoka, Fiji – The need for strengthened collaboration between Governments and all key stakeholders such as civil society, private sector awareness on climate change finance, was highlighted by a Representative from the Ministry of Economy of Fiji yesterday in Sigatoka.
“Financing remains a critical and core integral component in implementation. Tracking the impacts of climate change requires strong, genuine and an integrated partnership of all stakeholders from the community level, private sector, non-government organisation, civil society organisation as well as regional and international development partners,” said Mr Isoa Talemaibula, head of budget and planning from the Ministry of Economy of Fiji, at the Regional Climate Change and Disaster Risk Finance meeting at Shangri-La Fijian Resort.
Global climate finance is very complex due to finance being channelled through multilateral funds such Green Climate Fund, World Bank, and bilateral channels.
However, the Pacific Island Forum Secretariat (PIFS) has been supporting Pacific island countries to strengthen their readiness in accessing global climate funds through the Pacific Climate Change Finance Assessment Framework (PCCPAF).
Eight countries have undertaken the climate change finance assessment under the PCCFAF, whereby three countries were assessed using the climate public expenditure and institutional review global methodology which was formulated by the United Nations Development Programme (UNDP).
The Green Climate Fund has approved $300 million for Suva-Nausori urban water supply and waste management to be implemented within 4 years.
Out of the $300 million, $32 million will be provided by GCF as a grant which has yet to be drawn down including the signing of the financing agreement.
“The private sector tends to play a vital role both in their contribution to coordinate disaster response and building community resilience, being acknowledged in the Paris agreement as key partners in the implementation of nationally determined contribution (NDC), the Sendai Framework and the regional resilience strategy also known as Framework for Resilient Development in the Pacific,” he said.
Kalisto Ece’ece’s attendance at the Regional Climate and Disaster Risk Finance meetings was facilitated by Pacific iCLIM: Supporting the Regional Management of Climate Change Information in the Pacific and the Institutional Strengthening for Pacific island countries to Adapt to Climate Change (ISAAC) projects. The Regional Climate and Disaster Risk Finance meetings and media training held from 25 – 27 June 2019 in Sigatoka, Fiji is supported by the SPC, PIFS, SPREP, GIZ, USAID and Australian Department for Foreign Affairs & Trade.