Green Climate Fund offers 100 million plus in funding to Pacific countries
Next month, Pacific countries are set to access the more than 100-million dollar climate funding to help mitigate climate change impacts on tuna fisheries.
The grant from the Green Climate Fund will be split between 14 countries and will be used to study tuna migration patterns.
Current modelling predicts that as the ocean warms tuna stocks will move east away from Pacific exclusive economic zones.
Many Pacific countries rely on tuna fisheries for food security and their economy. In Tuvalu the fisheries business accounts for 40 percent of their GDP.
"Tuna accounts for more than half of local catch on the island," said Tuvalu's Director of Fisheries Samasoni Finikaso.
"Our life is associated with the ocean," he added.
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The Advertiser
2 hours ago
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But Nationals Leader David Littleproud has called on Labor to bring back interest-free loans from the Regional Investment Corporation to help farmers experiencing hardship. The commitment, introduced by the coalition in 2020 according to Mr Littleproud, gave farmers access to a $2 million loan with an initial two-year interest-free period, then three years interest-only before five years principal and interest, offering breathing space and allowed them to restock and replant. Some members of his party have urged Australia to abandon its pursuit of net zero emissions by 2050. Mr Albanese said the science was clear about the increased frequency and ferocity of natural disasters. "Climate change is real and we need to respond to it," he said. "The science has been proven, unfortunately, to be playing out." Unusual weather has also continued to transform the east coast, with heavy fog and dust storms both blanketing Sydney in the span of one week. 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Some members of his party have urged Australia to abandon its pursuit of net zero emissions by 2050. Mr Albanese said the science was clear about the increased frequency and ferocity of natural disasters. "Climate change is real and we need to respond to it," he said. "The science has been proven, unfortunately, to be playing out." Unusual weather has also continued to transform the east coast, with heavy fog and dust storms both blanketing Sydney in the span of one week. The prime minister maintained his government had a plan to deal with climate change, noting Australia's bid to co-host the United Nations's climate change conference with Pacific nations in 2026. Australia also remains on-track to meet its legislated 43 per cent emissions reduction target by 2030, according to Energy Minister Chris Bowen. Mr Bowen has said Woodside will be required to ensure the project meets net zero emissions by 2050.


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Farmers hit by disasters to get financial counselling
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ABC News
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