Climate action taken so far to help fund efforts in cash-strapped small island developing States (SIDS) 'does not measure up to what has been said' in the wake of COP28 in Dubai last year.
Climate action taken so far to help fund efforts in cash-strapped small island developing States "does not measure up to what has been said" in the wake of
President Whipps said increasing support for SIDS was not just vital for their survival"but essential for solving the world's climate challenges."Jennifer Morgan, Germany's Special Envoy for climate action, agreed that the world must build on the COP28 commitments, which include a just and fair transition away from fossil fuels and financing resilience and adaptation.
We need to see this money materialize in SIDS economies"in a very urgent way", he told delegates, estimating the cost of adaptation and mitigation in his island nation over the next decade to be $600m and warning that the next 10 years to fight climate change:"He lamented that because many SIDS are categorized Middle-Income, they were"completely cut off" from concessional financing reserved for the poorest.
He said even if countries like the Seychelles had not seen funds reach them directly from countries like his, their support for climate initiatives from the Green Environment Fund, World Bank and others, is significant. He said it amounts to"economic transformation. Removing that dependency on fossil fuels, the foreign exchange leakages, the high costs of energy which impacts competitiveness, cost of living and disposable incomes -There was a problem processing your submission. Please try again later.
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