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ADB approves $3.8 million support for development of coral reef insurance
The Asian Development Bank (ADB) this week approved $3.8 million to support the restoration, conservation, and management of coral reefs in four countries in Southeast Asia and the Pacific.
The project, financed by the Asia-Pacific Climate Finance Fund (ACliFF) and the Global Environment Facility will develop climate risk financing and insurance solutions to protect coral reef ecosystems in Fiji, Indonesia, the Philippines, and Solomon Islands.
Innovative risk finance project to safeguard Melanesian fishing communities against climate threats
Willis Towers Watson (WTW), a leading global advisory, broking, and solutions company, today announced the launch of a new financial initiative to help vulnerable fishing communities in Fiji and Papua New Guinea (PNG) to be more resilient to the adverse impacts of climate change.
Putting traditional knowledge to work for the planet
When a clan chief in Fiji dies, fishing stops for up to a year on part of the island nation’s extensive coral reefs to allow fish stocks to rebound. It is in the new chief’s interest that they do, since an abundant catch when fishing resumes is seen as a portent of his future success.
Managing genetic biodiversity in the Pacific
Biodiversity is a valuable resource. The world benefits from biodiversity and associated local traditional knowledge, so when these are exploited by parties with large financial resources – for example for the manufacture of pharmaceuticals – source countries need to be compensated.
UN Environment and others are working to ensure that benefits from the use of such resources are used to protect environments and the people who rely on them.
Informing action: Pacific nations unite on the environment
The people of the Pacific islands may be among the smallest contributors to climate change, but they are on the frontline of its impacts.
Novel ridge to reef project launched in Fiji
Fiji’s efforts to protect and invest in its natural environment received a boost this week with the announcement of the country’s first national Ridge to Reef (R2R) project.
Fiji and the GEF
Fiji’s ecosystem services are provided by the country's diverse natural resources, ranging from terrestrial to coastal and marine ecosystems. Like many Pacific island countries, Fiji represents a microcosm of some of the most significant development and environmental challenges facing the world. It comprises more than 332 islands, about one-third of which are inhabited, with a total land area of 18,333 km2 in a vast 1.6 M km2 marine Exclusive Economic Zone (EEZ) .
Reinforcing capacities of Pacific Island Countries for reporting to the UNCCD
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Integrated Flood Risk Management in the Nadi River Basin
The objective of the IWRM Nadi Demo Project is to improve flood preparedness and integrate land & water management planning within the Nadi Basin using an integrated flood risk management approach.
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