In October 2017, Fiji made history by becoming the first emerging economy to offer a sovereign green bond.

The first-ever Fiji Sovereign Green Bond (‘FSGB’) has helped encourage unprecedented private-sector climate finance, expedite climate action at the national and local levels and ensure fiscal stability. The FSGB focuses on climate change and environmental conservation that stems from national policies aimed at mainstreaming holistic sustainable development.

Fiji’s green bond is unique because it is largely adaptation-focused, with 90.6 percent of spending on adaptation-centric projects and 9.4 percent spending on mitigation-centric projects – a true reflection of our national priorities.

However, the country is aware that a more aggressive global effort to mitigate climate change now will reduce the need for adaptation in the future.