Pacific island nations threatened by rising oceans, debt and geopolitical tensions can only fight back if international lenders agree to fairer terms for vital development funding and the world’s biggest polluters make a “massive increase” in contributions to address “climate chaos”, UN Secretary-General António Guterres said on Thursday.
Speaking in Samoa, where he met residents uprooted from their homes by sea level rise and coastal erosion, Mr. Guterres said that Pacific islanders had refused to be victims of climate change. But their ambitious plans to resist this “existential threat for millions” had been put on hold, amid a lack of promised funding, he insisted.
“We are fighting hard for climate justice…[but] we are not seeing the money that is needed and that’s why we ask for the reform and the international financial institutions in order for the funding needs of countries, like Pacific countries, to be met,” the UN chief told journalists at UN House in Apia, the capital.
Positive gestures from wealthy nations towards developing countries have been insufficient to compensate for economic shocks from natural disasters caused by climate change, Mr. Guterres insisted, pointing to the Loss and Damage Fund, agreed in 2022 at the UN Climate Change Conference (COP27) in Egypt.
Developed countries also pledged in 2021 to double climate adaptation funding from the $100 billion a year agreed in 2009, the Secretary-General said, as he noted that this potential game-changing income stream hadn’t garnered enough support either.
“We need all countries to honour their promises on climate finance and a strong finance outcome from this year’s COP where we will discuss the financial commitments after 2025,” he said.