Nauru, facing severe flooding due to climate change, is selling citizenships to fund the relocation of approximately 10,000 residents. The Nauru Economic and Climate Resilience Citizenship Program enables foreigners to obtain citizenship for a fee starting at USD 130,000, with advantages like visa-free travel access to 89 countries. The initiative aims to raise over USD 65 million to develop facilities on higher ground.
Nauru, the third smallest country globally, is addressing significant flooding risks due to climate change by selling passports. This unique initiative, known as the Nauru Economic and Climate Resilience Citizenship Program, aims to generate funds required for relocating approximately 10,000 residents from low-lying areas to safer, higher ground. For a financial investment beginning at USD 130,000, foreigners can acquire a second citizenship that provides additional global travel flexibility and allows dependents to join the application.
In conclusion, Nauru is proactively tackling the challenges posed by climate change through its innovative citizenship program. This strategy not only seeks to safeguard its population by relocating them but also offers potential investors an opportunity for greater global mobility. By fostering economic resilience, Nauru aims to secure a sustainable future for its inhabitants while generating necessary funds.
Original Source: www.travelandleisureasia.com
