Australia Adds Another $550 Million to Pacific Climate Fund

Australia Adds Another $550 Million to Pacific Climate Fund

Australia is to provide its Pacific neighbours with an extra $550 million (US$380 million) to bolster their resilience to a changing climate, the Labor government has announced. The money goes to the Australian Infrastructure Financing Facility for the Pacific (AIFFP) which partners with private enterprise to provide grant and loan financing for energy, water, transport, telecommunications, and other infrastructure initiatives. Its current inves…

Australian National Review - Australia Adds Another $550 Million to Pacific Climate Fund

Minister for Foreign Affairs Senator Penny Wong listens in the Senate Chamber at Parliament House in Canberra, Australia on Nov. 3, 2025. Hilary Wardhaugh/Getty Images Australia is to provide its Pacific neighbours with an extra $550 million (US$380 million) to bolster their resilience to a changing climate, the Labor government has announced. The money goes to the Australian Infrastructure Financing Facility for the Pacific (AIFFP) which partn…

Climate fund top-up for Australia’s Pacific neighbours

The federal government has announced a top-up of its primary Pacific climate and infrastructure fund, committing another $550 million. The Australian Infrastructure Financing Facility for the Pacific (AIFFP) supports projects as varied as undersea cables, renewable energy in remote regions, and fresh water provision. It aims to partner with businesses and other governments or other funds to provide grant and loan funding to the underdeveloped re…