Fiji Times, 5th June 2018
The Green Climate Fund (GCF) is expected to become a major vehicle for channeling funding to developing countries for climate change adaptation and mitigation. It has pledged resources of more than $US10 billion ($F20b) and has project portfolio of more than 50 projects, benefiting 217 million people.
Fiji already has a GCF-supported urban water supply and wastewater project, total project value $US405 million ($F834m) with a GCF contribution of $US31m ($F63m) through Asian Development Bank.
Fiji has made considerable progress in their plans, policies, and projects to respond to climate change.
However, if they are to make fundamental shifts toward climate compatible development, they need access to funding on a much bigger scale.
To mobilise this funding, they need to have certain enabling conditions — often referred to as “readiness” — in place.
The Fiji GCF Readiness Program allows the country to understand how they can better position themselves to access and manage funding to mitigate and adapt to climate change.