World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


SPC Supports FSM To Access USD 16.6 Million From The Green Climate Fund For Urgent Climate Action

8 October 2021

Noumea, New CaledoniaThe Pacific Community (SPC) today signed a funding agreement for its first full-sized project financed by the Green Climate Fund (GCF) to support the Federated States of Micronesia (FSM) in the implementation of climate change adaptation solutions. With a total grant of USD 16.6 million, FSM will establish a dedicated on-granting facility to bolster the ability of local authorities to deliver climate action at the community level.

A new initiative to finance climate resilience in FSM was approved this week during the 30th Board meeting of the Green Climate Fund. Managed by SPC’s Climate Change and Environmental Sustainability programme, the “Climate change adaptation solutions for Local Authorities” project will help the country to scale up climate action. National and sub-national government institutions will be empowered to address disaster risks, food security and water security in 65 municipalities, providing benefits to 92,000 people in those communities most vulnerable to climate change.

This will be done through on-the-ground interventions such as climate-smart agriculture, coastal protection, household rainwater harvesting for drinking water and ecosystem rehabilitation. These measures will help at-risk communities to adapt to climate change impacts, such as an increase in the intensity of droughts, sea-level rise and storm surges.

GCF granted USD 16.6 million for this Enhancing Direct Access (EDA) pilot programme, the first one to be implemented in a Pacific Small Island Developing State (PSIDS). This is a remarkable achievement for the Government of FSM as it is their second GCF project approved this year, following a food security initiative in February 2021.

‘’Local authorities including state and municipal governments and communities should be empowered in order to effectively plan and implement priority adaptation projects based on actual impacts and needs at the local level. Through this project, the FSM NDA office and its national partners would be able to support our local actors (i.e. local leadership, local partners, and communities) to better face the realities of climate change in our country. We hope that this fund will also help us to secure access to other types of climate finance”, explained Eugene Amor, Secretary of FSM’s Department of Finance and the Administration and National Designated Authority to the GCF.

By 2050, shorelines in Pacific islands may retreat by up to 40 metres, while slow- and rapid- onset climate change impacts will threaten community livelihoods, such as crop yields and drinking water supplies, as per the latest International Panel on Climate Change (IPCC) report. Annual adaptation costs in the Pacific alone are estimated at more than USD 200 million per year until 2050. Thus, PSIDS require urgent support to adapt to the new climate reality or face serious costs.

“In order to address the negative effects of climate change and to protect coastal communities from the rising seas and storm surge that we have witnessed in the last 20 years, it is critical that we move to sustainable financing models. We are proud to help FSM in their resource mobilisation strategy and this new programme is a milestone in accelerating access to climate finance for the Pacific region”, asserted Cameron Diver, Deputy Director-General of SPC.

Find out more details about the “Climate change adaptation solutions for Local Authorities” project:

© Scoop Media

World Headlines


UN: UNHCR Chief Urges Better Support For 13 Million 'Exhausted' And Displaced Syrians
UN High Commissioner for Refugees, Filippo Grandi, has urged greater international support for the more than 13 million Syrians who’ve been displaced in the past 10 years...More>>

>UN: Recent Kosovo-Serbia Tensions Could ‘Unravel Steady But Fragile Progress’

Tensions over vehicle licence plates and anti-smuggling operations, between authorities in Kosovo and Serbia, in recent weeks, may contribute to unravelling “steady but fragile progress made in rebuilding trust among communities” in Kosovo and Serbia...

ITUC: Nobel Prize In Economics Explodes Minimum Wage And Jobs Myth

The prize was awarded to David Card, Joshua Angrist and Guido Imbens for real-world research in the 1990s that demonstrated, empirically, that the idea touted by conservative economists that higher minimum wages mean fewer jobs is not based on fact... More>>

Focus On: UN SDGs

UN: With Clock Ticking, Sustainable Transport Key To Global Goals
From electric cars and buses to zero-carbon producing energy sources, new and emerging technologies along with innovative policy changes, are critical for combating climate change. But to be effective, they must ensure that transport strategies benefit everyone, including the poorest... More>>

COP26: 7 Climate Action Highlights To Remember

A September to remember, a pivotal month for climate action commitments. From the United Nations General Assembly week to the final pre-COP meeting, last month was an important time to build momentum... More>>

UN: Global Leaders Set To Act To Increase Energy Access While Reducing Emissions At First UN Energy Summit In 40 Years

Significant new commitments for financing clean energy, increasing renewables and improving access to electricity are expected to be announced on 24 September at the UN High-level Dialogue on Energy... More>>