Green Climate Fund (GCF) Country Programme

The Green Climate Fund (GCF) Country Programme for the Solomon Islands outlines a strategic approach to scaling up climate finance for a Small Island Developing State highly vulnerable to natural disasters. It identifies key priorities across energy, agriculture, and coastal protection, while mapping a pipeline of national and regional projects for the GCF-1 and GCF-2 periods. The report emphasizes the need to strengthen institutional capacity, engage the private sector—particularly MSMEs—and establish a robust governance structure to ensure country ownership and sustainable development outcomes.

• The Solomon Islands is exceptionally vulnerable to climate change, ranking second globally in the 2021 World Risk Report for disaster risk. Key threats include sea level rise, which is occurring at an annual rate of 8 millimetres, and a high exposure to earthquakes and cyclones due to its location in the 'Ring of Fire'.
• National greenhouse gas emissions increased three-fold between 1994 and 2018. The primary contributing sectors are waste (43.9%), energy (41.8%), and Agriculture, Forestry, and Other Land Use (AFOLU) (14.2%).
• The country's 2021 Nationally Determined Contribution (NDC) targets a reduction in GHG emissions of 12% below 2015 levels by 2025 and 30% by 2030 compared to Business-as-Usual projections. With international assistance, these targets could increase to 27% by 2025 and 45% by 2030.
• Climate finance in the Solomon Islands has historically been low, with a reported US$74 per capita between 2010 and 2014. During that period, US$42.4 million was allocated to climate-specific objectives, with 62.3% targeting adaptation and 35.9% targeting mitigation.
• The GCF-2 replenishment period (2024–2027) pipeline includes 10 projects (6 national and 4 regional) with an estimated total GCF financing of USD 521.2 million. Key projects include the 'Adapting Pacific Island Tuna Fisheries to Climate Change' (USD 116.5M) and the 'One Pacific Programme' (USD 189M).
• Private sector engagement is hindered by a lack of credit history and collateral for MSMEs, high risk aversion in the financial sector, and a lack of a regulatory framework for climate risk disclosure or parametric insurance.
• The government is pursuing GCF accreditation for three national entities to increase direct access to funding: the Ministry of Finance and Treasury (MOFT), the National Transport Fund (NTF), and the Development Bank of the Solomon Islands (DBSI).
• A new governance structure for accessing climate finance has been established, with the Permanent Secretary of the Ministry of Environment, Climate Change, Disaster Management and Meteorology (MECDM) serving as the National Designated Authority (NDA), supported by a Climate Finance Steering Committee (CFSC).

APA

Green Climate Fund (2023). Green Climate Fund (GCF) Country Programme. https://www.greenclimate.fund/sites/default/files/document/solomon-islands-country-programme.pdf

Chicago

Green Climate Fund. Green Climate Fund (GCF) Country Programme. 2023. https://www.greenclimate.fund/sites/default/files/document/solomon-islands-country-programme.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Green Climate Fund (GCF) Country Programme |date=2023 |url=https://www.greenclimate.fund/sites/default/files/document/solomon-islands-country-programme.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023green, author = {{Green Climate Fund}}, title = {{Green Climate Fund (GCF) Country Programme}}, institution = {Green Climate Fund}, year = {2023}, url = {https://www.greenclimate.fund/sites/default/files/document/solomon-islands-country-programme.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }