The average national investment required for climate-proofing infrastructure in the Pacific is between six and nine per cent of Fiji’s annual GDP, which underscores the urgent need for targeted climate finance for resilience efforts, says Ministry of Environment permanent secretary Dr Sivendra Michael.
Speaking at the Writeshop Training on Access to Climate Finance yesterday at the Tanoa Plaza Hotel, Dr Michael said climate action and accessing climate finance was a priority for Fiji’s government.
“Fiji, like all Pacific Island nations, exists on the frontline of the climate crisis,” Mr Michael said.
He said regional communities faced rising sea levels, extreme weather patterns, increasing average temperatures and changing rainfall patterns.
“The average national investment required for climate-proofing infrastructure in Pacific island countries is estimated to be equivalent to between 6 and 9 per cent of annual GDP.
“This translates to almost $US1billion ($F2.25b) in total for the region each year.
“Fiji’s escalating climate challenges, such as the frequent and intense flooding and storm surges threatening coastal villages, underscores the urgent need for targeted climate finance to bolster adaptation and resilience efforts.”
The training which includes 40 officials from various ministries, started yesterday and will end tomorrow.
