With Pacific nations facing some of the worst effects of climate change in the world, New Zealand is preparing to change the way it gives aid to its partners so they have more say in how, and where, money is spent
The Government is set to give Pacific nations greater control over the climate change aid they receive from New Zealand, in a new “high-trust model” being rolled out for several countries.
A briefing to Foreign Affairs Minister Nanaia Mahuta in October last year proposed the establishment of a “country flexible finance” mechanism, with Pacific nations given climate aid directly to allocate themselves, rather than connected to specific projects as at present.
The Pacific's annual climate financing needs had been estimated at roughly US$1 billion per year, or up to nine percent of the region’s GDP, with current levels of funding falling well short at just US$220 million a year.
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