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🗞️ Driving the news: The Pacific island nation of Nauru is selling citizenship for $105,000 to fund climate adaptation measures
• Facing rising seas and coastal erosion, the government aims to relocate 90% of its population to higher ground
• The initiative is expected to generate $5.6 million in its first year, scaling up to $42 million annually
🔭 The context: Nauru, the world’s third smallest country, has been severely impacted by phosphate mining, leaving 80% of its land uninhabitable
• After serving as an offshore detention site for Australia, the island is now exploring deep-sea mining
• Previous passport-selling programs in Nauru have been controversial due to security concerns
🌍 Why it matters for the planet: Small island nations are among the most vulnerable to climate change but often lack financial resources for adaptation
• With international climate funding dwindling, Nauru’s initiative could set a precedent for other nations seeking alternative revenue streams
• However, concerns over corruption and security risks remain
⏭️ What's next: The program’s success depends on rigorous vetting and transparent use of funds, with oversight from international bodies like the World Bank
• If successful, it could contribute 19% of Nauru’s government revenue and inspire similar initiatives elsewhere
• Global discussions on sustainable climate financing for vulnerable nations continue
💬 One quote: “While the world debates climate action, we must take proactive steps to secure our nation’s future.” — Nauru President David Adeang
📈 One stat: A Nauru passport grants visa-free access to 89 countries, including the UK, Hong Kong, and the UAE
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