Directory of Climate Finance Sources in Vanuatu
The purpose of the directory is to help connect climate finance with those who need it. Climate finance refers to financing channelled by national, regional, and international entities for climate change mitigation and adaptation.Vanuatu, among the world’s most vulnerable countries to climate change and disasters, has a significant and immediate need for investment in climate change mitigation and adaptation. The amount of climate finance approved and disbursed to date fulfils only a small portion of actual needs. A study carried out by the Stockholm Environment Institute revealed that Vanuatu had received roughly USD 49.4 million of climate finance from 2010-2014, with the majority (57.2%) supporting mitigation activities.The directory details known climate finance sources available to individuals, communities, organisations, government bodies, and the private sector in Vanuatu. Financing amounts, eligibility requirements, and focus areas vary widely depending on the source.This directory is divided into five sections:Small-Scale Funds: small funding sources, typically grants, with open applications for individuals, communities, and civil society/non-profit organisations;Large-Scale Funds: large funding sources characterised by diversified financing mechanisms and generally for government, international/regional organisations, civil society/non-profit organisations, and the private sector;Private Sector Financing: financing sources or networks exclusively for private sector stakeholders;Bilateral Funding Sources: bilateral funding provided by national development aid organisations, national development banks, diplomatic missions or foreign consuls; andInternational Agencies: international (including non-governmental, regional, and inter-governmental) organisations. Canales, Nella, and Aaron Atteridge. “Climate Finance in the Pacific: An Overview of Flows to the Region's Small Island Developing States.” Stockholm Environment Institute, Stockholm Environment Institute, Apr. 2017, www.sei-international.org/publications?pid=3083. Small is defined as equal to or less than VUV 15 million. Large is defined as more than VUV 15 million.