en
Co-funded by the European Union
Co-funded by the European Union
Location
Kiribati
Topic
Access to Finance, Green Economy
Beneficiary
Kiribati Chamber of Commerce and Industry (KCCI)
Status
Completed
Year
2021
The large ocean state of Kiribati stands at the forefront of pacific developing states that are impacted by the threats associated with climate change. Saltwater intrusion, coastal erosion and rising sea levels are just a few of the challenges the islands face. Rising sea levels make the country one of the six most vulnerable places to climate change in the world. Adding to that, socio-economic challenges such as food insecurity are the reality for the inhabitants of Kiribati. As adapting to climate change is a top priority for Kiribati, the ICR Facility cooperated with the Kiribati Chamber of Commerce & Industry (KCCI) to provide technical assistance to strengthen capacity building strategies for climate finance measures.
The ICR Facility provided assistance to the Kiribati Chamber of Commerce & Industry (KCCI) with capacity building for climate finance. Several sources of climate finance could be tapped by the country – including international funds and private equity funds. The ICR Facility supported KCCI to learn how to identify the most relevant ones and to learn more about how to access them.
Throughout this intervention, the ICR Facility supported KCCI to deliver its mission in mitigating and adapting to climate change with tools and knowledge on global climate finance including Green Climate Fund (GCF) accreditation and project development, readiness, and alternative sources of finance. The intervention resulted in the development and the advice on implementation of a roadmap for climate finance opportunities for KCCI and its 80 members.
