Photo credit: Loop PNG - Australian High Commissioner Jon Philp
Over the next five years, Australia will expand its climate finance contribution to AU$2 billion (about K5.07 billion).
According to the Australian High Commission, this represents an increase of AU$500 million (K1.2 billion) above its previous commitment of AU$1.5 billion (K3.8 billion) and a doubling of Australia's climate funding pledge for 2015-20.
Climate change is already having an influence on countries in the Indo-Pacific.
Over the next few decades, intensifying cyclones, high heat, extended fire seasons, and rising sea levels will continue to have an impact on food and water security, as well as livelihoods.
This pledge, according to Australian High Commissioner Jon Philp, continues Australia's good track record of collaborating in the area to enhance resilience to the consequences of climate change.
“Papua New Guinea is our closest neighbour,” he said.
“We are family, friends, neighbours and partners and your future is our future.
“It is critical for our region’s (Pacific) stability and prosperity,” Philp said.
“Given the particular vulnerabilities to climate change facing our Pacific family, this doubling will see at least AU$700 million (about K1.7 billion) flowing to meet the Pacific’s needs.
“Australia’s assistance will support efforts to enhance climate resilience for future infrastructure investments, including roads, schools and bridges.
“Our commitment will also support local communities to better prepare for and recover from disasters, and address climate-related water and food security challenges.”
Philp stated that Australia will increase its investments in nature-based solutions, such as protecting and repairing mangroves and woodlands, to assist local populations in maintaining sustainable livelihoods and disaster preparedness.
Reference: The National (9 November 2021). “Australia increasing climate funds to K5bil”.
