Vanuatu has taken another step towards strengthening climate resilience with the launch of four new climate finance initiatives designed to improve access to, planning and management of climate funding across the country.
The initiatives were launched yesterday by the National Advisory Board (NAB) Secretariat for Climate Change and Disaster Risk Reduction under the Ministry of Climate Change, with support from the Pacific Community (SPC).
The four initiatives include the National Climate Finance Roadmap, Climate Finance Country Programme, Cost-Benefit Analysis Report, and an upgraded National Advisory Board Portal.
Speaking at the launch, Minister for Climate Change Ralph Regenvanu said the new documents and digital platform demonstrate Vanuatu’s continued commitment to ensuring climate finance reaches the communities that need it most.
“Too often communities on the front lines of climate change hear about billions in climate finance but feel none of it in their daily lives. These documents are part of our commitment to change that. The roadmap charts the path to the finance needed to respond, the country programme creates the pathway to get that finance moving, and the portal makes it all transparent and accountable.”
Minister Regenvanu said the Cost-Benefit Analysis Report provides the economic evidence needed to support climate investment decisions, while the upgraded NAB Portal improves transparency by allowing government agencies, provincial authorities and development partners to monitor how climate finance is managed in Vanuatu.
“The Cost-Benefit Analysis provides the economic evidence that makes our investment case undeniable, and the upgraded NAB Portal ensures that every stakeholder from provincial governments to our development partners can see exactly how climate finance is being governed in Vanuatu.”
The launch was attended by regional partners, including government representatives from Palau, who witnessed the event.
Pacific Community (SPC) Deputy Director General of the Climate Division, Esline Garaebiti Bule, said the launch reflects the Pacific region’s commitment to developing its own climate solutions.
“It is demonstrating that Pacific Island countries are not waiting for solutions to arrive from elsewhere. We are building them, testing them, improving them, and sharing what we learn across our Blue Pacific region.”
The launch comes as Vanuatu continues to face increasing climate risks while strengthening access to climate finance to support resilience and the country’s long-term development priorities.
