Sectors
Renewable Energy Transition Projects
Pacific nations depend on imported fossil fuels, making energy both expensive and carbon-intensive. Investments in renewable energy—such as geothermal and locally produced coconut biofuel—can significantly reduce costs and totally eliminate carbon emissions whilst increasing energy security.
Sustainable Infrastructure
Building resilient infrastructure is critical for adapting to the new realities of climate change.
Telecommunications
As island nations, communication and connectivity are critical for development. Strengthening telecommunications infrastructure allows these nations to better engage in global trade, education, and emergency response during disasters.
Healthcare
The impacts of climate change on public health are well documented, with the rise of vector-borne diseases, heat-related illnesses, and malnutrition. CPCF’s investments in healthcare infrastructure aim to mitigate these risks by improving access to healthcare services and ensuring that facilities are resilient to climate impacts.
Pipeline Partners
The CPCF intends to partner with organisations such as the Commonwealth’s Climate Finance Access Hub (CCFAH) and Pacific Trade Invest (PTI) to identify a pipeline of other investment opportunities.
These organisations retain experienced climate project finance advisors on the ground across the Pacific region.
There is no shortage of suitable opportunities and international financing at scale is beginning to be realised; for instance in Vanuatu, with the planned $60 Million airport upgrade project in Northern Vanuatu funded by the Saudi Development Fund, albeit on a piece meal basis.
The CPCF aims to better identify and coordinate the regional opportunities of similar and greater magnitude.