Australia is continuing to lead efforts to assist our Pacific Island neighbours to access additional financing to address the impacts of climate change.
Today I announce Australia’s $2.3 million partnership with Germany’s aid agency, GIZ, to assist Pacific Island countries to better access and manage global climate finance, with a focus on the Green Climate Fund.
This program will provide assistance in formulating, costing and presenting projects to the Green Climate Fund and other sources of support, to ensure Governments in our region can secure the financing they need to build a pipeline of innovative, practical climate projects.
Australia is working with Pacific countries to address the impacts of climate change. I hosted a meeting today in Frankfurt of Pacific Island ministers and senior representatives from the Asian Development Bank (ADB) to discuss ways we can continue to strengthen this cooperation.
Australia is also working with the Green Climate Fund and ADB to support climate projects in the region through our role as Co-Chair of the Fund and as a board member. We were pleased to lend our support to the first project in the Pacific to be financed by the Fund and implemented by the ADB. This project in Fiji is improving urban water supply and wastewater management and is a good example of the type of opportunities open to Pacific Island countries through this Fund.
The Green Climate Fund is the world’s largest fund supporting developing countries to reduce emissions and build resilience to climate change. Australia has committed $200 million to the Green Climate Fund.
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