By Pacific Island Times News Staff
The Pacific Community (SPC) today signed a funding agreement for its first full-sized project financed by the Green Climate Fund (GCF) to support the Federated States of Micronesia (FSM) in the implementation of climate change adaptation solutions.
With a total grant of $16.6 million, FSM will establish a dedicated on-granting facility to bolster the ability of local authorities to deliver climate action at the community level.
A new initiative to finance climate resilience in FSM was approved this week during the 30th Board meeting of the Green Climate Fund. Managed by SPC’s Climate Change and Environmental Sustainability programme, the “climate change adaptation solutions for local authorities” project will help the country to scale up climate action.
National and sub-national government institutions will be empowered to address disaster risks, food security and water security in 65 municipalities, providing benefits to 92,000 people in those communities most vulnerable to climate change.
This will be done through on-the-ground interventions such as climate-smart agriculture, coastal protection, household rainwater harvesting for drinking water and ecosystem rehabilitation. These measures will help at-risk communities to adapt to climate change impacts, such as an increase in the intensity of droughts, sea-level rise and storm surges.
GCF granted $16.6 million for this Enhancing Direct Access (EDA) pilot programme, the first one to be implemented in a Pacific Small Island Developing State.
This is a remarkable achievement for the Government of FSM as it is their second GCF project approved this year, following a food security initiative in February 2021.
‘’Local authorities including state and municipal governments and