Nauru golden passport: Pacific island nation selling citizenship for climate financing
Nauru is selling citizenship to foreigners for $105,000 each to fund its retreat from rising seas, opening a golden passport scheme as climate financing runs dry. This Pacific island nation of 13,000 residents is planning a mass inland relocation.
Nauru is expecting to raise funding by selling passports to foreigners, despite concerns that such schemes are ripe for criminal exploitation. This passport offers seamless entry into 89 countries across the globe, such as the UK and Hong Kong.
Existing climate funding efforts are not sufficient. For Nauru, this golden passport scheme is not just about adapting to climate change but also securing a sustainable and prosperous future for generations to come.
Featuring a total landmass of just 21 sq. km, Nauru is one of the smallest countries on the planet. Unusually pure phosphate deposits once made Nauru one of the richest places per capita. But these supplies are steadily drying up.
