Deputy Prime Minister and Minister for Finance, Biman Prasad, emphasized the need for substantial action against climate change during his address at the 6th High Level Ministerial Dialogue on Climate Finance at COP29 in Baku, Azerbaijan. He highlighted the urgency for the international community to move beyond small-scale projects and disjointed initiatives to focus on transformational financing.
Prasad reiterated that Small Island Developing States, including Fiji, cannot tackle the challenges posed by climate change effectively through limited efforts. He called for a unified, ambitious outcome from the discussions in Baku, particularly regarding the New Collective Quantifying Goal (NCQG), which seeks to propel global economic shifts towards decarbonization and adaptation.
He warned that achieving the critical goal of limiting global temperature rise to 1.5°C, as outlined in the Paris Agreement, will remain out of reach without proper investments and supportive actions.
This advocacy provides a hopeful outlook that, by prioritizing comprehensive and transformative financing strategies, nations can work collaboratively to combat climate change effectively.
In summary, the need for coordinated and extensive climate action is paramount, as articulated by Fiji’s Deputy Prime Minister, presenting a call to action for the global community. This approach inspires optimism that through unified efforts, meaningful progress can be made in addressing climate challenges.
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