Green Climate Fund finance allocation builds Tuvalu’s resilience
The Green Climate Fund is transferring funds to help strengthen the island nation of Tuvalu against the double climate threats of rising sea levels and destructive cyclones. GCF is sending the first USD 2 million tranche of its USD 36 million contribution to UNDP, a GCF Accredited Entity, to reduce the vulnerability of one of the most fragile nations to climate change. The project will build coastal resilience in three of Tuvalu’s nine inhabited islands, which together have an average elevation of only 1.83m. The grant will build on existing infrastructure to protect coastal areas, including sea walls. It will also make coastal management more resilient and catalyze other sources of adaptation finance.