86 projects to be funded by Green Climate Bond Funding: AG
16:55 Tue Mar 13, 2018
Report by: Kathrin Krishna
A total of 86 projects have been identified which will be funded by the Green Climate Bond Funding as announced in the 2017/2018 national budget.
This was revealed by Minister for Economy Aiyaz Sayed-Khaiyum in parliament outlining how green climate bond funding will be used.
“Of this 71 projects, the total value of Fijian 17.6 million dollars were climate change resilience adaptation related. Rehabilitation and construction of schools damaged by tropical cyclone Winston, rehabilitation and upgrade of roads, bridges and jetties including works related to waterways constitute a major part in the climate change resilience for adaptation budget of Fijian 417. 6 million dollars.”
He says the remaining 15 projects are climate change mitigation projects valued at $17.4 million.
The Attorney General said that the utilization of green bond proceeds will only be used for climate mitigation and adaptation projects.
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