While Palau has received some support to strengthen institutional capacities to access climate finance, these efforts remain fragmented and the country still has insufficient institutional, technical and financial capacity to adequately plan and identify mitigation and adaptation priorities as well as further readiness needs.

This Readiness grant will address these gaps by enhancing the NDA office capacity, developing Palau’s first GCF Country Programme, and undertaking a Readiness Needs Assessment.

The project will also support knowledge sharing with other Pacific NDAs and DAEs for enhanced climate finance programming at national and regional level.

The primary beneficiary of this Readiness grant will be the Ministry of Bureau of Budget and Planning from the Ministry of Finance. Other beneficiaries include the Government of Palau as a whole, and other Pacific NDAs and DAEs benefiting from knowledge exchange on climate finance.