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Improving access to climate financing for the Pacific Islands

Publisher
Climate change Global warming Climate financing Solomon Islands Pacific Area
Description

Executive summary

The United Nations Framework Convention on Climate Change (UNFCCC) commits developed countries to provide assistance to ‘developing countries that are particularly vulnerable to the adverse effects of climate change in meeting the costs of adaptation.’

Although recent commitments of ‘fast-start’ climate funding from partners like Australia, Japan and the European Union are welcome, Pacific Island countries face wider obstacles in accessing appropriate and timely levels of funding for adaptation and mitigation to manage the adverse effects that environmental challenges have on core areas for economic, social and human development.

The experience of Solomon Islands, the first Pacific country to obtain funding from the Kyoto Protocol Adaptation Fund for a project on food security and agricultural production, offers some important lessons for the region.

Access to climate financing could be improved through seeking special access for small island states in financial mechanisms, establishing programs and structures that improve donor coordination and build the capacity of national institutions, developing national climate trust funds and a Pacific Regional Climate Change fund and, most importantly, implementing more targeted action on the ground to assist the most vulnerable communities with concrete adaptation programs.

Publication Details
Access Rights Type:
open