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Nauru starts selling passports to fund climate action

<br><br>**Selling Passports A Novel Approach to Funding Climate Action?**<br><br>As historians, we are accustomed to innovative solutions to complex problems. Nauru's recent decision to sell passports to fund climate action has sparked a mix of curiosity and concern. In this blog post, we will delve into the details of this scheme and explore its potential implications.<br><br>**Key Points**<br><br>• **The Concept** Nauru is offering golden passports for $105,000 each, with the goal of generating over $5 million in the first year.<br>• **The Goal** The proceeds will fund climate action initiatives to mitigate the effects of rising sea levels and preserve the island nation's remaining landmass.<br>• **The Challenges** With only six applications approved so far (covering two families and four individuals), it remains to be seen if this scheme can generate the desired revenue.<br><br>**A Brief Historical Context**<br><br>Nauru has a history of experimenting with innovative ways to fund its government. In 2003, they sold citizenship to al-Qaeda members, which ultimately ended in disaster. Will this latest venture fare any better?<br><br>**The Adjudication Process**<br><br>When an application is submitted, officials conduct thorough background checks to ensure the applicant meets Nauru's criteria. If adverse findings are discovered, the application can be withdrawn or rejected. In one case, an application was withdrawn after officials flagged adverse findings during their investigation.<br><br>**Global Context**<br><br>Nauru is not alone in this venture. Over 60 nations offer some form of migration for investment schemes, including Pacific neighbors like Vanuatu, Samoa, and Tonga. Australia's Lowy Institute has documented the proliferation of these programs.<br><br>**The Implications**<br><br>As sea levels continue to rise at an alarming rate (1.5 times faster than global averages), Nauru is facing a daunting task. With 90% of its population set to be relocated due to encroaching tides, this scheme could provide a vital source of funding for the first phase of this massive relocation effort (estimated to cost over $60 million).<br><br>**Conclusion**<br><br>While Nauru's passport program may raise more questions than answers, it's undeniable that innovative solutions are needed to address the pressing issue of climate change. As historians, we must continue to scrutinize these novel approaches and their potential implications.<br><br>**Call-to-Action**<br><br>Join the conversation by sharing your thoughts on this unusual scheme! Have you ever heard of a country selling passports for climate action? Share your insights in the comments below!<br><br>**Summary**<br><br>Nauru's climate resilience citizenship program aims to generate $5 million in its first year through the sale of golden passports. While the program has only seen six applications approved so far, it remains a bold attempt to fund climate action initiatives. As historians, we must continue to monitor this situation and explore the implications for global efforts to combat climate change.<br><br>**Optimized Keywords**<br><br>* Nauru<br>* Climate action<br>* Golden passports<br>* Migration for investment schemes<br>* Sea level rise<br>* Climate resilience citizenship<br><br>**Word Count** 400-500 words

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