Climate finance in the Pacific: An overview of flows to the region’s Small Island Developing States
This working paper presents an analysis of climate finance flows to Pacific Island states in 2010–2014, collectively and by country, as well as more recent data on flows from multilateral climate funds.
The Small Island Developing States (SIDS) of the Pacific face serious threats from climate change and will need significant international climate finance if they are to be able to respond. However, there is very little synthesized data on climate finance in the Pacific region. This paper aims to fill that gap by analysing published data reported by donor countries and multilateral climate funds to the Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee.
The analysis covers 15 countries, collectively and individually: the Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Nauru, Niue, Palau, Papua New Guinea, Republic of Marshall Islands, Samoa, Solomon Islands, Timor Leste, Tonga, Tuvalu and Vanuatu. It finds that in 2010–2014, a total of 748 million USD in finance principally targeting climate change was committed to those countries, almost all as grants. Around 59% was for adaptation, 36% for mitigation, and 5% for both together.