AGP Executive Report
Last update: 4 hours agoClimate Finance: Tuvalu has secured a US$36 million Green Climate Fund grant for coastal adaptation, while a further US$300 million in Pacific financing is due before the fund’s board. The grant builds on coastal works that have helped protect Funafuti and will be extended to reclaim about 20 hectares. Regional Investment: Papua New Guinea is providing Tuvalu K5 million a year for five years for coastal defence and land reclamation, with the first instalment transferred. Fiji has pledged US$10 million to the Pacific Resilience Facility, and Australia announced renewable-energy support for the region. Industry Risk: Pacific governments could face investor lawsuits if they tighten deep-sea mining rules, experts warned at the pre-COP talks, potentially limiting future environmental protections for an untested industry.
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