Nauru has deposited its instrumental of ratification for the historic Pacific-led climate initiative – the Pacific Resilience Facility (PRF), during the partners roundtable talanoa, at the United Nations headquarters in New York Tuesday.
During the Pacific Islands Forum leaders meeting in Tonga last year, Nauru pledged AUD$1 million(US$659,521) over five years, and last week deposited the first tranche of $200,000 (US$131,904).
Nauru President David Adeang says despite years of promises, climate finance from traditional sources has not reached Pacific communities with the speed or scale so urgently needed.
“We have called out time and again, yet our experience has made one thing clear: if we are to protect our people and secure our future, we cannot wait for solutions to come from elsewhere.”
“The Pacific has always drawn strength from unity, and once again, we have come together to take bold action—mobilising resources for resilience, on our terms.”
Leaders welcome the US$166m already pledged by partners, but the US$500m capitalisation target requires greater urgency.
“Your support is not just an investment—it is a lifeline for communities on the front lines of climate change,” said President Adeang.
