Under the UNFCCC

Climate Finance refers to local, national, or transnational financing drawn from public, private, and alternative sources. This financing seeks to support mitigation and adaptation actions that will address climate change.

Under the Climate Change Act 2021

Climate Finance means money available for or mobilized by State or non-State entities to finance climate change mitigation and adaptation programmes, actions, and interventions.

Sources of Climate Finance

Climate Finance can be sourced from various channels, including:

• International Funding

• Bilateral/Multilateral Funding

• Foundations/Non-Governmental Organizations (NGOs)

• UNFCCC Financial Mechanism

• Domestic Funding

Role of the Climate Finance Unit (CFU)

The Climate Finance Unit plays a central role in mobilizing resources, coordinating national stakeholders, and guiding Fiji’s access to international climate finance. Climate finance is a cross-cutting issue between mitigation and adaptation, supporting national priorities in both areas, as well as resilience building and community protection.

Key Functions of the CFU

• Identify and Secure Funding Opportunities

• Serve as the National Designated Authority (NDA) to the Green Climate Fund (GCF)

• Serve as the Designated Authority (DA) to the Adaptation Fund (AF)

• Lead Donor Coordination efforts

• Provide Government Endorsements on Climate Change Projects

What We Do

• Identify and promote climate finance opportunities.

• Act as the NDA to the GCF and DA to the AF.

• Coordinate national stakeholders and partners.

• Review and endorse climate projects (issuing Support Letters and No-Objection Letters – NOLs).

• Strengthen capacity on climate finance access.

• Ensure alignment of climate investments with Fiji’s national climate policies.

Associated Trust Funds

The CFU is linked to the management of key national trust funds:

• Climate Relocation of Communities Trust Fund

• Climate Action Trust Fund