[GCF] Pacific Resilience Project Phase II for the Republic of the Marshall Islands
Enhancing the resilience of people in the Republic of the Marshall Islands to long-term climate change through coastal protection to protect lives and property from inundation.
The Republic of the Marshall Islands - one of the world's smallest, most isolated, and low-lying nations - is highly vulnerable to climate change. It is threatened by sea level rise, changes in wave and storm patterns, and coastal inundation. The average annual loss to the nation related to typhoons and tsunamis is estimated to be about 1.7 percent of its GDP, equivalent to USD3 million. This figure is expected to be much higher during the next 50 years.
The project will focus on enhancing the resilience of coastal infrastructure in the densely populated areas of the capital Majuro and the island of Ebeye. It will include strengthening institutions and improving access to early warning and disaster preparedness. The proposed coastal infrastructure intervention has been shown to be the only feasible option to protect people and assets against sea level rise and storms.
The project has an estimated lifespan of 5 years.
