SIDS share of climate finance should be increased: PM
September 25, 2021 7:28 am
There is an urgent need to place the challenges faced by Small Island Developing States at the core of global multilateral discussions.
This was highlighted by Prime Minister Voreqe Bainimarama at the Alliance of Small Island Developing States leaders’ meeting.
Bainimarama thanked the United Nations and Secretary-General António Guterres for the significant efforts that they have progressed in response to the COVID-19 pandemic, climate action, and raising the profile on ocean priorities.
“Indeed Excellency your advocacy particularly on climate change has been influencing and inspiring climate action movement all over the world.”
The meeting convened at the margins of UNGA 76, focused on addressing key challenges faced by SIDS especially as a direct result of climate change and the COVID-19 pandemic.
The Alliance of Small Island States Leaders has called for international solidarity and actions which is responsive to the challenges and needs of the SIDS ahead of the UN’s COP26 climate negotiations.
Bainimarama called on his fellow leaders to work closely with each other to take to COP26 a unified voice urging for a financial framework that recognizes the contribution of carbon-emitting countries and compensating those states impacted by climate change.
The Prime Minister says COP26 is our best vehicle to lock in a clear and firm commitment to loss and damage and best hope of ensuring access to climate finance that supports low carbon, climate-resilient societies.
He reiterated that the SIDS share of climate finance must be increased to at least 10 percent of the total funds, not a measly two percent, and that has to be the AOSIS objective at COP26.