AGP Executive Report
Last update: 10 minutes agoClimate Finance: The Cook Islands joined the launch of a regional ADB programme seeking to mobilise more than US$1 billion for climate-resilient infrastructure across 14 Pacific economies. The Green Climate Fund has approved US$250 million in grants. Seabed Mining: Two US companies have applied to explore international waters near the Cook Islands, Kiribati and French Polynesia. Regional officials and conservation groups oppose the proposals, which use a US process outside the UN-linked seabed regulator; no exploration approval is reported. Fuel Costs: Pacific fuel costs reached NZ$935 million in the first six months of the crisis, according to briefings to New Zealand officials. Rarotonga was among the places where fuel prices rose sharply. Public-Sector Risk: CIIC plans to broaden its captive insurer’s coverage and explore parametric protection for climate and natural disasters; its first year of cover cut group premiums by more than 20 per cent. Local Business: A Rarotonga conference drawing about 650 delegates is bringing business to accommodation, food, transport and other local operators.
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