Today the Australian government announced $100 million to support the Pacific region with the climate crisis.
Australia will contribute the foundational $100 million to the Pacific Resilience Facility (PRF). The PRF is the first Pacific-led, owned and managed community resilience financing facility. It will provide grants for climate adaptation, disaster preparedness, nature-based solutions and projects which respond to loss and damage.
Australia will also rejoin and contribute $50 million to the Green Climate Fund (GCF). The GCF is the world’s largest global climate fund. It was set up in 2015 as part of the landmark Paris Agreement on Climate Change and has approved projects across 128 countries. By rejoining, Australia will be able to advocate better for the funding to meet Pacific needs.
Climate change is the single greatest threat to the livelihoods, security and wellbeing of climate vulnerable countries and regions, including the peoples of the Pacific.
