🌍 Kiribati Sets Sail Towards a Climate-Resilient Future with Groundbreaking Finance Strategy 🌊 The Climate Finance Division in the Ministry of Finance and Economic Development (MFED) recently launched the Kiribati National Climate Finance Strategy (KNCFS), and Readiness Needs Assessment (RNA) in partnership with the Global Green Growth Institute (GGGI) and the Pacific Community (SPC). This initiative is a significant step towards enhancing Kiribati’s capacity to access international climate finance. 🤝 🔑 Why This Matters: - The KNCFS provides a clear roadmap for securing essential funds to combat climate change, focusing on critical areas such as land reclamation, coastal protection, food security, renewable energy, and water & sanitation. - This KNCFS is vital for Kiribati’s survival and prosperity in the face of rising sea levels and extreme weather events. 🌊 💬 "This strategy isn’t just about access to funding, it's about building a stronger, more resilient Kiribati for future generations," said Koin Uriam-Kiritione, Secretary of MFED. "With this framework, we reaffirm our unwavering commitment to adapting, mitigating, and building resilience against climate change." 💡 Emphasis on Collaboration: - The collaboration with GGGI and SPC is crucial for climate finance pipeline prioritization and the identification of institutional gaps and ensuring Kiribati is prepared to tap into global climate funds. 💬 “Together, we’re strengthening Kiribati’s capacity to access much-needed climate finance,” stated Ruth Phillips Itty, Director of the Climate Finance Division. 🌱 The Road Ahead: - Over the next few weeks, consultations will continue to gather input from various sectors, ensuring the KNCFS reflects the diverse needs of the nation. - The government aims to finalize and validate the KNCFS results by the end of November, guiding future climate investments and policy strengthening. Key Outcomes Expected: ✅ Enhanced understanding of climate finance landscapes and mechanisms ✅ Identification of sectoral priorities and climate finance investment projects ✅ Improvement in the institutional coordination and prioritization of resources for climate investments Kam Rabwa (Thank You) to all our partners for your support! For more details: https://lnkd.in/g-VPqwuy #ClimateFinance #Kiribati #ClimateAction #Sustainability #CapacityBuilding #ClimateResilience #PacificIslands
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