25th September 08:04 AM
Annual Environment and Climate Adaptation Levy income is approximately $150 million dollars - Christiaen
By Iva Danford
Monday 11/06/2018
Christophe Christiaen who is a Business Modelling Analyst

The annual Environment and Climate Adaptation Levy income is approximately $150 million dollars.

This was highlighted by Christophe Christiaen who is a Business Modelling Analyst and a Facilitator at the joint workshop by the Ministry of Lands and Mineral Resources and the International Partnership program CommonSensing Project.

Christiaen says that Fiji is one of the most advanced country in generating its own climate finance to invest in local projects.

He says that this great as it is money raised by Fijians for Fijians and adds that has not seen this in any other country.

Christiaen says the climate finance sources in Fiji are multilateral public funding, bilateral funding and domestic funding.

He says domestic funding include Environment and Climate Adaptation Levy and Green Bond.

Christiaen says that international finance are difficult to access.

While opening the workshop, the Minister for Land and Mineral Resources Faiyaz Koya says that the CommonSensing Project is funded through the UK Space Agency under their International Partnership Program and aims to build climate resilience in Fiji by improving access to climate financing.

Koya says that it also aims to enhance food security and developing evidence based disaster risk reduction strategies which in turn will contribute to the sustainable development of the nation.

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