FEATURES

Advancing Climate Investment Pathways in Pakistan

In February, a series of engagements with key institutions across Pakistan explored ways to strengthen the investment pipeline under the country’s Climate Prosperity Plan (CPP). The CVF-V20 South Asia team met with a range of stakeholders to discuss how sector reforms, research initiatives, and large-scale programs can be translated into bankable projects that attract international investment across infrastructure, renewable energy, agriculture, and the blue economy.

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Fiji Strengthens Ocean Governance with 30×30 Targets

Fiji is taking its ocean governance to new heights with a revitalized commitment to protect 30% of its water by 2030. At the heart of this conservation initiative lies a rigorous, evidence-based, data-driven discussion among experts and government officials. With the Ministry of Fisheries at the forefront of this movement, Fiji is ensuring that its country-wide efforts align with the global 30×30 Initiative and international obligations under the Western and Central Pacific Fisheries Commission.

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Care for the Blue Economy: Saint Lucia Charts a Sustainable Course 

Saint Lucia is championing sustainable ocean governance with comprehensive blue economy strategies designed to strengthen economic resilience and foster inclusive growth.

The Coastal and Marine Spatial Plan, developed under the Caribbean Regional Oceanscape Project, provides a roadmap for the sustainable and equitable use of the coastal and marine spaces, protection of coastal and marine ecosystems, and management of land-water interactions.

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When Climate Vulnerability Becomes Personal

Damage to infrastructure and agriculture, disruptions to transport and services, and the costs of emergency response ripple across the economy. When such shocks recur year after year, recovery becomes partial and fragile. Each rebuilding effort begins before the last has fully ended.

From the outside, climate impacts are often described as temporary setbacks. On the ground, they feel structural. Resources that could support education, healthcare, industrial development, or job creation are repeatedly redirected toward response and repair. Public debt grows not through poor decisions, but because climate shocks leave governments with few alternatives.

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High Seas Treaty Enters Into Force

The first legally binding ocean instrument to provide for inclusive ocean governance, known as the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, entered into force on January 17, 120 days after at least 60 countries have ratified the treaty.

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Liberia to Implement Carbon Levy on Maritime Shipping

The Republic of Liberia becomes the third African country to introduce a carbon levy on maritime shipping, after Djibouti’s and Gabon’s domestic implementation. Starting on March 1 this year, the country will impose a USD 25 per tonne fee on CO2 emitted by ships entering and leaving its ports.

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Marshall Islands Pioneers Climate Resilience Strategy for Atoll Nations

The Blue-Green Atolls Project by the Republic of Marshall Islands begins its preparation phase after securing approval from the Global Environment Facility (GEF) Trust Fund and the Special Climate Change Fund. Initial stages include technical assessments, stakeholder engagement, and the mobilization of complementary public and private finance. With the United Nations Development Programme as the implementing agency, the project receives USD 38.5 million from co-financing and USD 8.537 million from the GEF Project Grant.

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