Fiji’s first relocation trust fund for people displaced by climate change was launched earlier today by the Prime Minister Frank Bainimarama on the margins of the 74th United Nations General Assembly.
Speaking at the launch of the Climate Relocation and Displaced Peoples Trust Fund for Communities and Infrastructure, Prime Minister Bainimarama said the new trust fund is undeniably one of the most effective ways that we can help our communities adapt to climate change.
“We are seed funding the Trust Fund through a percentage of the revenue from our Environment and Climate Adaptation Levy – ECAL and henceforth on a regular basis. Based on current projections, the annual allocation from ECAL will be approximately five million dollars a year. But this is not enough. We look forward to additional support to undertake this enormous task.”
The launch was also attended by the Crown Prince of Norway, Haakon Magnus and some Pacific Island dignitaries.