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Pacific Economic Monitor – December 2019
The Pacific Economic Monitor provides updates on developments in Pacific economies and explores topical policy issues.
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Building Resilience in the Pacific: How ADB is Addressing Climate Change and Disaster Risks
This publication highlights ADB's support to its 15 member countries in the Pacific in addressing climate change and disaster risks.
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Pacific Economic Monitor: May 2019 – Special 10th Anniversary Issue
This publication provides an update of developments in Pacific economies and explores topical policy issues to date.
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Economic and Fiscal Impacts of Disasters in the Pacific
Pacific island countries need to build their fiscal and economic resilience to climate change and natural disasters as these have lasting consequences on their livelihoods, economies, and fiscal balances.
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Improving Labour Market Outcomes in the Pacific: Policy Challenges and Priorities
Underemployment, informal work, gender disparities, and a large share of young people not in education, employment, or training characterize labour markets in the Pacific island countries.
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Economics of Climate Change in the Pacific
This flyer gives an overview of the findings of a study evaluating the economics of climate change for developing member countries in the Pacific.
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Energy in the Pacific
In view of the diversity in the climate change-related adaptation and mitigation needs of Pacific countries and the current state of their enabling environments for adaptation, the Asian Development Bank (ADB) Pacific Climate Change Program focuses on selected priority sectors including energy. While mitigation is of lower priority in the Pacific region, there is value in investing in greenhouse gas emissions reduction solutions, which simultaneously provide greater energy security and increase the region's economic competitiveness. -
Disaster Risk Reduction and Management in the Pacific
The Pacific is one of the world's most disaster-prone regions. The small size, remoteness, and fragile biodiversity of the Pacific islands make them exceptionally vulnerable to natural hazards, with low capacity to manage the resulting risks. In the future, climate-related disasters are likely to increase in number and scale. Disaster risk reduction and management are hence critical issues that must be addressed to avoid derailing the region's development progress. -
Stepping Up Adaptation to Climate Change
The Pacific Islands Forum leaders have long recognized climate change as a priority development issue that requires coordinated global efforts for a more effective response. ADB's position allows it to analyze the complex problems at all levels, identify appropriate solutions based on a comprehensive understanding of the countries' needs and capacities, and mobilize technical and financial assistance. For their part, Pacific developing member countries (DMCs) have begun to mainstream climate change considerations in their national policies and planning processes. -
Moving From Risk to Resilience
The future of Pacific developing member countries (DMCs) will be shaped by the development of its urban centers. The region's cities and towns serve as hubs for business, jobs, and public services administration. However, because of the concentration of people, infrastructure, and economic activities, urban areas are highly vulnerable to natural hazards and climate change extremes, and Pacific DMCs are especially at risk because of their small size, remoteness, fragile biodiversity, low elevations, and large coastal populations. -
Finance For Climate Change Responses
Access to climate change funding among small Pacific developing member countries (DMCs) is constrained by their limited human and technical capacity to prepare funding proposals and implement climate change-related programs and projects amidst the complex global climate funds architecture. Programs on all sides would benefit from greater harmonization and transparency of financing conditions and processes. Climate finance needs to be embedded in national development strategies and integrated with national budgets, supported through capacity development. -
Climate Change Adaptation in the Pacific Coral Triangle
The Coral Triangle is the world's most biologically diverse coral reef ecosystem, holding more than 75% of the known coral species and more than 3,000 species of reef fish. The Coral Triangle contains vast marine resources critical for economic and food security of an estimated 120 million people. It covers 5.7 million square kilometers and includes all or part of the six countries that are signatories to the Coral Triangle Initiative - including three from the Pacific, namely Papua New Guinea, Solomon Islands and Timor-Leste. -
Economics of Climate Proofing at the Project Level
Climate change impacts on infrastructure, facilities, livelihoods, food production, settlements, and health, and thus creates significant development challenges. Assessment and economic analysis of climate change impacts and response have become crucial in rationalizing investments in adaptation and mitigation. -
Economics of Climate Proofing at the Project Level: Two Pacific Case Studies
This work supports ADB's thrust towards developing guidelines for climate adaptation and climate proofing of proposed projects in the Pacific DMCs, which are extremely vulnerable to climate change, particularly sea level rise. This study mainly involved the development of economic models of cost and benefit analysis for the climate proofing of projects under different climate change scenarios, using two ADB-funded road development sector projects in the Solomon Islands and Timor-Leste as case studies. -
Climate Resilience and Sustainable Urban Development in Pacific Developing Member Countries
Small island countries like those in the Pacific are most vulnerable to the effects of climate change. The likelihood of extreme weather events such as sea level rise, extreme rainfall, droughts, increased and intensified tropical cyclones, and increase in sea surface temperature is expected to adversely impact Pacific DMCs economically, socially and environmentally. Alongside having to address climate change issues are the increasing and recurring urbanization issues which are exacerbated by climate change. -
Food Security and Climate Change in the Pacific: Rethinking the Options
The Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) are a diverse array of countries with widely varying topographies, cultures and economies, fragile natural resource environments, and prosperity, stability, and security that can be compromised by the impacts and consequences of climate change. The Pacific island governments view climate change as a priority issue, especially in terms of its potential impacts on food security, and need clear directions in addressing both issues. -
Regional Workshop on Responding to Climate Change in the Pacific: Moving from Strategy to Action
A climate change workshop with the theme "Moving from Strategy to Action" was organized by the Pacific Department of the Asian Development Bank (ADB) and attended by 106 representatives from various stakeholder groups in Pacific developing member countries (DMCs). -
Pacific Climate Change Program
The Pacific Climate Change Program (PCCP), developed under ADB's Regional Technical Assistance for Strengthening the Capacity of Pacific Developing Member Countries (PDMCs) to Respond to Climate Change, is designed to be a 'one stop climate change service' that addresses PDMCs' present and future climate change-related technical and financing needs, building on and enhancing efforts to date from a variety of development partners. This brochure outlines the rationale, overview, strategy and priority sectors of the PCCP. -
Learning from Fisheries Centers in Pacific Islands
This policy brief describes how lessons from establishing and operating fisheries centers in the Pacific Islands could guide future initiatives. -
Increasing Returns from Fisheries: Do's and Don'ts for Policy Makers
This note examines how government has sought to gain financial and economic benefits from the fisheries sector and sets outs some clear 'do's' and 'don'ts' which have been drawn from the real experiences of Pacific nations.