Fiji’s President, Ratu Wiliame Katonivere, has urged developed nations to enhance their climate finance commitments in order to address existing gaps that leave vulnerable countries without the necessary resources to adapt.
During a plenary session at the 79th United Nations General Assembly in New York, focused on adaptation finance and resilience regarding sea-level rise, Ratu Wiliame emphasized the immediate dangers posed by rising oceans to small states and millions living in low-lying coastal areas.
“As we gather here, communities around the world are facing the devastating impacts of climate change, with sea level rise being one of the most significant manifestations of this crisis,” he stated.
He called for the achievement of the New Collective and Quantified Goal (NCQG) on Climate Finance at COP29, stressing the need for ambition, commitment, and collaboration to make this goal a reality.
Ratu Wiliame also highlighted the necessity for reform within global financial institutions, such as the Green Climate Fund and Adaptation Fund, to address the pressing financial needs.
“We must engage women, children, youth, Indigenous peoples, and marginalized communities in creating solutions, while also exploring innovative technologies and partnerships that are essential for resilience against sea-level rise,” he said.
While acknowledging that sea-level rise is a global issue, he urged financial institutions to take swift action now and promote innovative financial solutions that address this critical challenge and protect the planet.