FP281

Direct Financing for Communities and Businesses to Respond to Climate Change in the Cook Islands

Direct Financing for Communities and Businesses to Respond to Climate Change in the Cook Islands

  • Status Under implementation
  • Date approved 30 Oct 2025 at B.43
  • Est. completion 30 Oct 2032
  • ESS Category Category C

The Cook Islands face growing risks from climate change, particularly through the intensification of tropical cyclones. Currently, the Cook Islands incur, on average, about USD 5 million per year (two per cent of GDP) in direct losses due to cyclone-related impacts, of which 90 per cent are to the building sector. Increasing cyclone intensity in the coming decades will further exacerbate these losses. This threat is critical, as nearly all buildings are privately owned and highly exposed to climate hazards.

The programme will provide direct climate finance through an Enhancing Direct Access (EDA) facility, with components ranging from technical support and building retrofitting to public awareness and capacity-building. It will be delivered under a unified framework to individuals, the private sector, non-governmental organisations (NGOs) and community groups. The programmatic model allows for scalable, country-owned solutions integrating technical, financial and institutional elements to build long-term resilience.

The programme is expected to protect a substantial portion of the population and reduce long-term damage to infrastructure, enabling faster post-disaster recovery and economic continuity. Improved access to clean water and better functioning of community facilities will improve public health, and regional learning will be enhanced by positioning the Cook Islands as a model for climate-adaptive building practices in other Small Island Developing States.

Total project value

 

Beneficiaries

 

Direct
8,848
Indirect
7,865
Theme

Adaptation

Result areas

Project timeline

Pipeline

16 Oct 2020  •  1841 days

Concept note received

16 Oct 2020

Funding proposal received

04 Aug 2023

Cleared by iTAP

03 Oct 2025

Legal opinion on AE's Internal Approval

22 Oct 2025

Approved

30 Oct 2025  •  1 days

Approved by GCF Board

30 Oct 2025

FAA executed

30 Oct 2025

Under implementation

30 Oct 2025  •  38 days so far

FAA effective

30 Oct 2025

To be completed

30 Oct 2032  •  2,521 days to go

One region

  • Asia-Pacific

One country

One priority group

  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 39,982,375
Total GCF Financing
USD 39,982,375

Co-financing

Co-financerInstrumentAmount
Co-FinancingGrantUSD 2,130,000
Co-FinancingIn-kindUSD 602,000
Co-FinancingLoanUSD 1,500,000
Total Co-Financing
USD 4,232,000

GCF Contacts

General media inquiries

GCF Communications
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Request for information

GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Entity

Ministry of Finance and Economic Management, Cook Islands
Mr. Mani Mate
Primary

Director of Development Coordination Division
Ms. Tessa Vaetoru
Secondary

Accredited Entity Manager
More contacts

National Designated Authority

Cook Islands
Climate Change Cook Islands Division of the Office of the Prime Minister
Mr. Wayne King Primary
Director of Climate Change
Office of the Prime Minister, Private Bag, Avarua, Rarotonga, Cook Islands
Phone +682 25494
Phone +682 25 494
wayne.king@cookislands.gov.ck
Mr. Raymond Newnham Operational focal point

Documents