Kiribati: Selected Issues
IMF Staff Country Reports, June 23, 2023
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- Kiribati: Selected Issues
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Bibliographic details
- Published: June 23, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400247606.002
Summary of focus
- The Selected Issues paper focuses on climate change in Kiribati.
- The note summarizes the main ways in which climate change may negatively affect the economy of Kiribati.
- The note shows how Kiribati may cope with these negative effects by implementing adaptation projects, as well as by contributing to global mitigation efforts.
- The note describes issues related to climate finance and how authorities of Kiribati may direct their efforts in the most productive way to ensure that climate-related projects obtain the proper financial backing and are carried out to fruition in a timely fashion.
Key findings on impacts and mitigation
- Climate change may negatively affect the economy of Kiribati through multiple channels (economic, environmental, social).
- Leveraging climate finance effectively is critical to ensure Kiribati implements climate projects.
- Introducing renewable energy is one of the most effective ways to achieve emissions reductions for Kiribati.
- Besides renewable energy, other non-price-based instruments can be deployed for climate mitigation.
- International cooperation is crucial to help Kiribati overcome climate threats.
- The impact of climate change is far beyond the ability of any countries to cope with it alone, not to mention small atoll islands like Kiribati.
Policy recommendations and implementation priorities
- Implement adaptation projects to reduce vulnerability to climate change.
- Contribute to global mitigation efforts, including through renewable energy deployment.
- Direct climate finance efforts to ensure climate-related projects obtain proper financial backing and are carried out to fruition in a timely fashion.
- Deploy non-price-based instruments alongside renewable energy to bolster mitigation.
- Strengthen international cooperation to access technical and financial support.
Content in this bundle
- Kiribati: Selected Issues; IMF Country Report No. 23/226; March 31, 2023