Tuvalu Climate Finance Under Scrutiny: An AFP investigation says Tuvalu’s $200m climate trust fund—managed by Mercer—has exposure to coal mining, gas exploration and a major crude oil refinery, prompting Tuvalu to review its “fossil fuel exposure” after criticism from climate activist Richard Gokrun. Pacific Business Brief: The region’s fuel crunch is driving fresh support, with the ADB preparing hundreds of millions in budget help for Pacific countries, alongside earlier Fiji loan and grant packages. Fisheries & Trade Rules: The WTO’s fisheries subsidies deal enters a new phase of scrutiny as Pacific benefits from “Fish 1” could be undermined if key countries stall “Fish 2,” affecting competition and protections for artisanal fishers. Regional Security for Fisheries: Operation Tui Moana 2026 wrapped up after three weeks of patrols and inspections across 10 Pacific EEZs, with Tuvalu among participating nations and support from Pacific Quad partners. COP31 Prep in the Region: Australia and Türkiye issued a joint COP31 Presidency letter, with Fiji and Tuvalu set to host pre-COP and a leaders’ meeting in October 2026. Local Economy Pressure from Travel Policy: New Zealand’s reduced Pacific visa fees and longer default visas could cut revenue by about $1–2m a year, with officials pointing to budget transfers to manage the impact.