Tag: pacific

The Rise of Climate Fintech

The climate crisis is a defining challenge for Asia and the Pacific, which as a region is the most vulnerable to global warming, and a significant contributor to its cause. Yet, it is not all doom and gloom. Driven by a combination of climate change, finance, and digital technology —collectively known as ‘climate fintech’ — the financial services industry is preparing to address these challenges and capture opportunities for transitioning to a more sustainable economy. 

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Unlocking Access to Climate Finance for Pacific Islands Countries

While climate change is primarily caused by emissions from large advanced and emerging market economies, the Pacific islands are among those most heavily impacted by the adverse effects of climate change. This departmental paper by International Monetary Fund provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.

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EFL and IFC to deliver largest solar project in the Pacific

Energy Fiji Limited and IFC have come to an agreement to deliver the largest solar project of its kind in the Pacific to date. The agreement allows EFL and IFC – a member of the World Bank Group – to now move forward with the selection of a private-sector partner in the project to deliver at least 15 MW of solar power to the national grid.

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