Solomon Islands Launches Financing Initiative for Community-Led Climate Adaptation with Support from New Zealand, EU, and UNCDF
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The Government of Solomon Islands, in collaboration with the Government of New Zealand, the European Union, and the United Nations Capital Development Fund (UNCDF), this Friday, 1 November officially launch the Local Climate Adaptive Living Facility (LoCAL) to empower communities to lead the way in building resilience to climate change.

cross-posted from: https://feddit.org/post/4448024

The Government of Solomon Islands in the South Pacific, in collaboration with the Government of New Zealand, the European Union, and the United Nations Capital Development Fund (UNCDF), this Friday, 1 November officially launch the Local Climate Adaptive Living Facility (LoCAL) to empower communities to lead the way in building resilience to climate change.

This initiative amounts to over SBD 130 million (USD 15.6 million) with SBD 75 million (USD 9 million) contributed by New Zealand and SBD 55 million (USD 6.59 m) from the European Union.

The program builds upon Solomon Islands’ existing Provincial Capacity Development Fund (PCDF) associated with the Provincial Governance Strengthening Programme (PGSP) which have been implementing performance-based grants for the past 14 years. This has delivered over 1,600 projects at a cost of approximately SBD325 million, creating over 11,000 jobs nationwide.

LoCAL will supplement financing to the PCDF, from the Government of Solomon Islands and others, to support climate change adaptation and resilience of local communities.