Country or Region: Pacific
Sector: Innovative Financing for Development
Client: European Commission
Date: January 2020 – June 2020
The overall objective of this contract is to identify investment opportunities from Europe and like-minded countries interested in the Pacific region, duly taking into account (a) the objectives of the Framework for Pacific Regionalism (FPR) and its “Blue Pacific” narrative and (b) the implementation of Pacific countries’ and OCTs Climate Strategies 2050 and their National Determined Contributions (NDCs), as outlined in the Paris Agreement on Climate change.
The specific objective is to develop clear recommendations for future investment opportunities, including scaling-up private and public investments that will support the Pacific region in their search towards a carbon-neutral, blue/green, circular, inclusive and sustainable future. The main (but not exhaustive) sectors covered are energy, transport, water, sanitation, climate adaptive measures, sustainable private sector development. This comprehensive study is based on 3 main pillars:
- Regional assessment of current infrastructure investments in the Pacific, including key drivers, actors, policies, trends and challenges;
- Country-level analysis of the investment environment in individual Pacific ACP countries and Pacific Oversea Countries and Territories (OCTs);
- Identification of opportunities to strengthen EU-Pacific investment relations.