15 Nov 2017

Fiji's total GDP needed for climate change plan - study

11:44 am on 15 November 2017

Climate change preparation for Fiji would cost the equivalent of the country's annual GDP, according to a new study.

Rotting piles under a school in Daku Village, Fiji which suffers from seawater inundation

Rotting piles under a school in Daku Village, Fiji which suffers from seawater inundation Photo: RNZI/Sally Round

The World Bank and the Fiji government released the study at the COP23 climate change talks in Bonn which are presided by Fiji.

A lead economist with the World Bank Stephane Hallegatte said the Climate Vulnerability Assessment used new methods to assess risk and to develop adaptation plans.

He said the study detailed a plan to build climate change resilience for Fiji which has been costed.

"The total cost is about nine billion Fijian dollars, about five billion US dollars, and to give a sense it's about 100 percent of the GDP of the country but would need to be spent over ten years."

She said while it was a large amount, the study budgets for it through a combination of private sector and government investment, and international community support.

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