ADB and Green Climate Fund launch Pacific resilience programme at COP31, aiming to mobilise more than $1 billion across 14 island economies
The Asian Development Bank, the Green Climate Fund, the governments of the Cook Islands and Palau, and partners have launched a Pacific climate resilience initiative during COP31, aiming to mobilise more than $1 billion to help 14 Pacific island economies protect homes, livelihoods and key infrastructure from rising seas and increasingly destructive storms.
The initiative, formally known as the Regional Programmatic Approach for Climate Action, or RPACA, was launched following the Green Climate Fund's approval of a $250 million grant for the programme. The grant will be combined with ADB grants, concessional loans and other financing to strengthen roads, water supplies, power systems, coastal defences and urban infrastructure.
The programme is expected to reach 3.7 million Pacific Islanders, nearly one in four people across the participating economies. Eligible economies are the Cook Islands, the Federated States of Micronesia, Fiji, Kiribati, the Republic of the Marshall Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. The Green Climate Fund said the programme brings its commitment across the Pacific to $1.2 billion, with a further $2 billion in cofinancing.
Source: Asian Development Bank
Published by GSM · USA (original Chinese edition)
Photo: 图：斐济维提岛珊瑚海岸的一个村庄，斐济是太平洋韧性计划覆盖的14个岛屿经济体之一。来源：Maksym Kozlenko，Wikimedia Commons，CC BY-SA 4.0。 / Photo: A village on the Coral Coast of Viti Levu, Fiji; Fiji is one of the 14 island economies covered by the Pacific resilience programme. Source: Maksym Kozlenko, Wikimedia Commons, CC BY-SA 4.0.
