NCFS to keep Fiji on track to meet climate ambitions
14 May, 2022, 6:09 pm
Fijian Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum says the Fiji National Climate Finance Strategy (NCFS) serves two vital roles – one to fulfil the requirements of the recently-enacted Climate Change Act; and second being a comprehensive blueprint that details the priority policies, interventions, targets and projects across 12 sectors that require climate finance.
Mr Sayed-Khaiyum said this was also to keep Fiji on track to meeting its ambition and making her islands a case study in carbon neutrality, and sustainable and resilient development.
He was responding to a question in parliament early this week on an update on the National Climate Finance Strategy that was launched on May 3 this year.
He said the NCFS integrated the policies, targets and projects for Fiji’s development and climate strategies, and prioritised them based on the numerous consultations.
“These strategies include the National Development Plan (NDP), National Adaptation Plan, climate vulnerability, low emission development strategy and NDC Investment Plan, NDC Implementation Roadmap and from line Ministries strategic plans,” Mr Sayed-Khaiyum told parliament.
“Further to this Sir, it means three crucial adaptation topics that are often overlooked and chronically under supported: gender and social inclusion, relocation and human health. This strategy also includes concept notes for 24 mitigation and adaptation projects that come under various programmes that are priorities for immediate funding and implementation.”
The Minister said the implementation phase had already started and key projects and programs being developed from the identified policies, interventions, targets and projects with a strategy.
He says those include:
- promoting electric bus transport in Fiji, which will pilot electric buses and multiple passenger routes and build local technical capacity to operate and maintain electric buses. The first one will start off at Valelevu where they are actually building a suburban bus transit route and a station there with the electric charging stations will be there;
- climate resilient homes, which will have innovative constructing processes and materials that reduce home construction costs and provide solar for low cost housing and flats in Fiji;
- smart agriculture will provide a guarantee for Fiji Development Bank to de-risk farmers while also improving the financial access to smart agriculture technologies that support low emissions and climate resilient and cultural practices as they are seeing in Bureta in Ovalau where they had that first Agro-photovoltaic’ Project, which is blended finance project funded through FDB, the Green Climate Fund and the Korean assistance; and
- bonds that will seek to raise up to US$50million for investments to deliver sustainable blue economy and create jobs and protect Fiji’s ocean helping those people in the maritime areas, on coastal areas to get into sustainable fishing practices and various other practices in mariculture and agriculture.
The National Climate Finance Strategy can be downloaded from the Fiji Climate Change portal accessible to all Fijians.