AGP Executive Report
Last update: 4 hours agoClimate Finance: COP31 president-designate Murat Kurum says wealthy countries should spend far more on climate than defence. Pacific leaders are pressing for funding that reaches vulnerable communities faster. Tuvalu Adaptation: Papua New Guinea will provide K5 million a year for five years for Tuvalu’s coastal adaptation and land reclamation; the first instalment has been transferred. Tuvalu has also secured a US$36 million Green Climate Fund grant for coastal works. Regional Investment: The Pacific Resilience Facility remains US$320 million short of its US$500 million target. Australia and Türkiye plan a COP31 decision promoting electrification, putting clean-energy investment on the summit agenda.
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