At the global climate negotiations in Dubai the Australian Government announced it would rejoin the global Green Climate Fund, and contribute a foundational $100 million to the Pacific Resilience Facility and $50 million to the Green Climate Fund. The Green Climate Fund and Pacific Resilience Facility provide funding for developing countries to transition their economies to effectively respond to climate change.
The Green Climate Fund, the world’s largest global climate fund, was set up in 2015 as part of the landmark Paris Agreement on Climate Change and has approved projects across 128 countries.
The announcement follows previous announcement that it would join the global alliance of countries that have committed to cease public investment and international support of fossil fuels.
In response the Pacific Islands Climate Action Network Regional Coordinator Lagi Seru responded:
"We welcome the two announcements; that the Australian Government has joined the clean energy transition partnership, formalizing its commitment to ending international financing of fossil fuels, and its contribution to both the Green Climate Fund and the Pacific Resilience Facility. It is an expectation that Australia will play its part, given its outsized contribution to the climate crisis, as a major fossil fuel producer, and these commitments are a step in the right direction, responding to the decades of calls from the Pacific for Australia to demonstrate real climate action, and this extends to the call to phasing out fossil fuels, and domestic fossil fuel subsidies."
ENDS
Contact details:
For further media comment or interviews: Lavetanalagi (Lagi) Seru, Regional Coordinator, Pacific Islands Climate Action Network +67 9278 6279 (currently in Dubai)
