AGP Executive Report
Last update: 9 minutes agoClimate Finance: Solomon Islands has defended its US$400,000 pledge to the Green Climate Fund as a voluntary show of solidarity that does not affect its status as a climate-vulnerable country. Opposition Leader Manasseh Sogavare says the Government must explain the cost while domestic adaptation needs remain underfunded. Pacific Infrastructure: A new ADB-GCF programme aims to mobilise more than US$1 billion across 14 Pacific economies, with US$250 million in grants approved to protect roads, water supplies, power systems and coastal areas. Economic Exposure: Prime Minister Matthew Wale says climate impacts cost Solomon Islands about US$79 million a year—around 5% of GDP. He has urged faster grant-based financing, as more than 90% of the country’s electricity grid runs on diesel. Budget Support: Australia has provided a further SBD$100 million to Solomon Islands, adding to support for government finances.
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