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The concept of ‘climate finance’ has gained considerable currency following commitments from developed countries to provide new and additional funding for action on climate change. There have been a series of studies estimating the size of the financing need and assessments of how the international financing architecture can meet those needs. Sources of ‘climate finance’ comprise not only finance that governments spend, but also private finance for private actions on climate change. These studies have served a useful purpose of putting the mobilization and effective use of increased international resources for action on climate change firmly on the agenda.

The Focus of this policy is to mitigate climate change especially at the international level, and adaption at the national, state and community levels to reduce the FSM's vulnerability to climate change adverse impacts. In this context, FSM reaffirms its social and cultural identity and its people's rights and desire to continue to live sustainably on their islands