AGP Executive Report
Last update: 5 hours agoTuvalu’s Adaptation Funding: Papua New Guinea has committed PGK25 million (about US$5.6 million) to Tuvalu’s land-reclamation work, while a separate US$36 million Green Climate Fund grant supports coastal adaptation. The investments could help protect land, infrastructure and livelihoods from rising seas. Finance Access: At the Pacific Pre-COP, Tuvalu Prime Minister Feleti Teo urged faster disaster funding, saying delays can cost lives and undermine recovery. Regional leaders also warned the Pacific Resilience Facility remains US$320 million short of its US$500 million target for community-led projects. COP31 Priorities: Pacific leaders adopted the Taku Pakasoa Declaration, calling for faster climate finance and stronger action to keep the 1.5°C goal within reach. They want funding to move beyond pledges and reach vulnerable communities.
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