Pacific Climate Finance: A Need for Change
Pacific nations are seeking to shift the focus of climate finance discussions beyond mere access to investment, aiming for lasting resilience for their people and communities.
The challenge of Pacific governments accessing sufficient climate action finance has been a topic of discussion for over a decade, with numerous reports, analyses, and regional strategies addressing the issue.
However, concentrating solely on 'access' may overlook the deeper systemic barriers hindering the Pacific's ability to achieve climate-resilient development.
The 2024 United Nations Climate Change Conference, COP29, emphasized finance, with Pacific nations and other Small Island Developing States pushing for a new financing goal.
Despite strong evidence on the magnitude of investment needed, the global New Collective Quantified Goal (NCQG) still fell short.
Author's summary: Pacific nations seek a new approach to climate finance.
More News
- It Would Seem Like New Orleans Has Reached The End Of The Line. Thank God.
- A deficit paid by workers and a bailout for the wealthy
- President Aliyev’s reconstruction strategy reshapes liberated lands into engines of growth
- Türkiye at 102: Century of resilience, renewal, and emerging power
- APPEL: No Easy Bailout For Spendthrift NOLA Government
- Pacific climate finance needs a paradigm shift