Solutions for Energy and Resilience: Project and Pipeline Development in the Pacific Region

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Navigating and accessing climate finance to unlock critical funding and mobilize investments at scale and at pace continues to be a major challenge for the Pacific Islands. While most of the conversation on access considers the ‘supply side,’ a major pain point for the Pacific remains the countries’ and Direct Access Entities’ ability to put forward high-quality projects and build robust pipelines at national and regional levels. While countries are clear on their priorities and many concept notes have been formulated, a majority of projects still fail in the early stages of the project development process or stall for years, accentuating perceived risk by investors.

Given the Pacific region’s special circumstances and the urgency of mobilizing funds to support resilience building, energy transition, and equitable economic development, tailored solutions are needed to accelerate bringing priority projects to bankability. Ongoing capacity-building initiatives have helped in identifying and prioritizing project ideas, but support to the region is still falling short of providing resources for technical assistance and de-risking activities. The Pacific not only needs to access its fair share of international climate funding much faster but also to explore innovative blending instruments and mechanisms to bring the private sector, philanthropies, and other financiers on board.

This panel discussion aims to emphasize possible practical solutions to project preparation, development, and de-risking for the Pacific region. A reception will follow the event, commencing at 6:30 pm in the Pacific Pavilion.