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This publication reviews the financial performance of state-owned enterprises (SOEs) in nine Pacific island economies and looks at how policy makers can help state-owned power utilities address climate risk. It identifies climate-related risks and assesses policy mechanisms that could improve the utilities' resiliency and sustainability. The publication shows how commercializing and partnering with the private sector is helping SOEs to respond to climate change and facilitate inclusive economic growth. It is the seventh in a series of comparative studies of SOEs in the Pacific.