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Jakarta Post

Pacific island nations propose special fund

  • The Jakarta Post

Jakarta   /   Thu, May 7 2009   /  09:20 am

Facing the acute danger of rising sea waters, Pacific island nations proposed Tuesday the Asian Development Bank establish a special climate fund to help them finance climate adaptation projects. Speaking on behalf of Pacific Developing Member Countries (PDMC), Patrick Pruaitch, of Papua New Guinea, told the bank's board of governors meeting that climate change poses significant threats to their islands. Even now, the frequency and intensity of natural disasters is increasing in Pacific islands nations, he said. "We propose that the bank consider the establishment of a Regional Climate Change Fund that supports programs and projects that aim to strengthen adaptation measures that PDMCs have prioritized," Pruaitch said. The PDMCs are: the Cook Islands, the Federated States of Micronesia, Fiji, Kiribati, the Marshall Islands, Nauru, Papua New Guinea, Samoa, the Solomon...