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Oceania Region
UK contribution to the World Bank Group PROBLUE Programme to facilitate sustainable finance for healthy oceans
Department for Environment, Food, and Rural Affairs
PROBLUE is the World Bank’s leading multilateral mechanism for leveraging and disbursing blue finance towards sustainable ocean sectors and activities. It is a multi-donor trust fund that supports the achievement of Sustainable Development Goal (SDG) 14, Life Below Water, and the Bank’s twin goals of ending extreme poverty and boosting shared prosperity. PROBLUE aims to do this by reducing the existing blue finance gap by creating the necessary enabling environment for public and private sectors to shift from unsustainable to sustainable activities.
TEA - Transforming Energy Access
UK - Foreign, Commonwealth Development Office (FCDO)
TEA is the flagship FCDO research and innovation platform supporting early-stage testing and scale-up of innovative technologies and business models that accelerate access to affordable, clean, and modern energy in developing countries in Sub-Saharan Africa, South Asia, and the Indo-Pacific, enabling sustainable and inclusive growth. TEA seeks to improve clean energy access for 25 million people, create 170,000 green jobs, and leverage £1.3 billion of additional investment into clean energy technology research, innovation and scale-up. It contributes to International Climate Finance (ICF) objectives and it is the main FCDO platform for delivery of the £1 billion UK Ayrton Fund for clean energy innovation between 2021 and 2026. TEA is delivered by four lead FCDO partners - Carbon Trust, Innovate UK, Shell Foundation, and ESMAP – and a network to date of more than 750 downstream partners delivering research and innovation activities in more than 60 countries.
Risk Pools Programme (RPP)
UK - Foreign, Commonwealth Development Office (FCDO)
To support a parametric (index-based) weather risk insurance pool that will provide participating African countries with predictable, quick-disbursing funds with which to implement pre-defined contingency response plans in the case of a drought.
Sustainable Blue Economies Programme
UK - Foreign, Commonwealth Development Office (FCDO)
This Blue Planet Fund programme aims to enhance the resilience of Small Island Developing States (SIDS) & their economies to the impacts of climate change, as well as exploring opportunities for SIDS to generate revenue from carbon offset schemes through protection of their critical marine habitats.
Pacific Clean Energy Programme
UK - Foreign, Commonwealth Development Office (FCDO)
The Pacific Clean Energy Programme (PCEP) will support increased investment in renewable energy, and aims to improve access to electricity, increase the proportion of electricity from renewable sources, and reduce greenhouse gas emission.
Small Island Developing States Capacity and Resilience Programme (SIDAR)
UK - Foreign, Commonwealth Development Office (FCDO)
The programme aims to respond to pressures on SIDS governments arising from climate change and the unique disadvantages created by small population sizes, remoteness, and vulnerability to economic shocks and natural disasters. It will focus especially on sustainable and inclusive capacity, UK Partnership for economic development, access to affordable finance and impacting the policy environment.