AGP Executive Report
Last update: 5 hours agoCOP31 Negotiations: Tuvalu urged countries to turn fossil-fuel transition pledges into action, saying locally generated clean power is vital to Pacific sovereignty and energy security as leaders clash over emissions and continued fossil-fuel use. Resilience Investment: ADB, the Green Climate Fund and partners launched a programme seeking more than US$1 billion for climate-ready roads, water, power and coastal infrastructure across 14 Pacific economies. Separately, Pacific nations are seeking US$500 million for locally led resilience projects. Climate Finance: COP31 negotiations president Chris Bowen said Pacific islands receive just 0.2% of global adaptation finance; a report also finds climate progress has stalled for five years. Energy Security: Fuel disruptions cost the Pacific region NZ$935 million in extra costs through July, strengthening calls to reduce reliance on imported fuel through renewables and energy efficiency.
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