Tarawa, Kiribati October 20, 2024 – Kiribati has officially launched its new Kiribati National Climate Financing Strategy (KNCFS) and Readiness Needs Assessment (RNA), a major initiative aimed at strengthening the country’s ability to access and mobilize international climate finance. Developed in partnership with the Global Green Growth Institute (GGGI) and the Pacific Community (SPC), the strategy is designed to help Kiribati secure essential funding for climate adaptation, mitigation, and long-term resilience. 

The announcement was made during a high-level consultation held on October 17-18, which brought together government ministries, stakeholders, and partners. Additional consultations will take place over the next two months to gather input from a wide range of sectors, ensuring that the strategy aligns with Kiribati’s national priorities. The KNCFS will act as a roadmap for navigating the global climate finance landscape, focusing on key areas such as coastal protection, renewable energy, food security, and water and sanitation. 

Koin Uriam-Kiritione, Secretary of the Ministry of Finance and Economic Development (MFED), underscored the significance of the initiative: “The launch of the Kiribati National Climate Financing Strategy and Readiness Needs Assessment is a defining moment in our efforts to build a more resilient and sustainable economy. This strategy is a critical step in securing long-term access to international climate finance, which is essential for our survival and development.” 

Ruth Phillips Itty, Director of the Climate Finance Division at MFED, highlighted the importance of the partnership with GGGI and SPC: “This collaboration is a game-changer for Kiribati. The Readiness Needs Assessment will help identify key institutional challenges and gaps, ensuring we’re fully prepared to engage with global climate finance mechanisms and mobilize the resources needed to safeguard our future.” 

The strategy is being developed under the leadership of MFED’s Climate Finance Division, with support from the GCF Readiness Project Management Unit (PMU) and other key partners. The government is committed to an inclusive process, ensuring that consultations across sectors reflect the diverse needs of the country. 

The KNCFS is expected to be finalized and validated by mid-December 2024, with national approval anticipated from the Development Coordinating Committee (DCC) and Cabinet. Once endorsed, the strategy will guide Kiribati’s approach to climate investments, policy development, and project implementation, helping to drive the country’s transition to a low-carbon, climate-resilient economy. 

Walter Malau, GGGI Absorption Officer, said: “This strategy is a critical step in enhancing Kiribati’s ability to mobilize and effectively absorb international climate finance. By prioritizing strategic coordination and resource allocation, Kiribati will be better equipped to tackle its climate challenges and maximize the impact of the funds available.” 

As the next phase of this effort begins, Kiribati will work closely with GGGI, SPC, and other partners to implement the actions identified in the Readiness Needs Assessment, ensuring the country is well-positioned to capitalize on emerging climate finance opportunities. 

About GGGI 

The Global Green Growth Institute (GGGI) is an international organization committed to supporting and promoting strong, inclusive, and sustainable economic growth in developing countries and emerging economies. GGGI partners with countries to integrate green growth into their development agendas, addressing pressing challenges such as climate change, biodiversity loss, and sustainable resource management. 

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