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The estimate indicates annual additional spending needs of about 6. Higher investment in energy infrastructure, including on renewable energy, is a key priority to strengthening climate change adaptation and paving the way toward a low-carbon transition.
Creating fiscal space for projects with climate-proofing components through budget reallocation, while improving spending efficiency, would raise economic returns by building climate resilience. An integrated financing strategy with a mix of additional concessional financing and front-loaded fiscal measures, including domestic revenue mobilization, is needed and should be properly sequenced to achieve SDGs by The SDGs and climate commitment should be integrated into the existing public financial management reform agenda to achieve climate-sensitive development goals.
Higher investment in energy infrastructure, including on renewable energy, is a key priority to strengthening climate change adaptation and paving the way towards a low-carbon transition. The SDGs and climate commitment should be integrated into the existing PFM reform agenda to achieve climate-sensitive development goals.
Solomon Islands continues to face challenges stemming from vulnerability to natural disasters and climate change. The country generally experiences two cyclones per year, with southern and eastern provinces especially vulnerable.
It is geographically spread out consisting of six major and over smaller islands and around 80 percent of the national population live in low-lying coastal areas.