AGP Executive Report
Last update: 28 minutes agoTuna Trade: Pacific fisheries officials are pressing for a new bigeye tuna rule at upcoming regional talks. Covering both purse seine and longline fleets, it could better manage a stock that generates fishing opportunities and revenue for island economies. Economic Pressures: The Pacific Community warns that imported fuel costs, climate risks and tighter development finance are straining small island economies and essential services. Climate Funding: A US$1.06 billion resilience programme, including a US$250 million Green Climate Fund grant and Tuvalu among 14 beneficiaries, is set to support infrastructure and adaptation. Pacific civil society is also urging climate finance to reach local groups more directly and mainly as grants, not loans. Tuvalu’s Trust Fund: New Zealand documents say Tuvalu has limited power to exclude fossil-fuel firms from its roughly US$200 million national fund, whose returns help support the government budget. The fund says its investment carbon footprint fell 42% from 2020 to 2025.
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