Deputy Prime Minister and Finance Minister Professor Biman Prasad has highlighted the pressing need for climate action during a meeting with the UAE Special Envoy to the Pacific, Omar Shehadeh. Professor Prasad pointed out the vulnerability of the Pacific region, which includes six of the world’s top twenty disaster-prone countries.
He expressed concern over the limited climate finance provided to the region, which receives only about US$220 million annually. This amount falls significantly short of the estimated US$2 billion required to effectively implement climate adaptation strategies and transition to renewable energy.
The Deputy Prime Minister reaffirmed Fiji’s commitment to the climate goals established at COP28, including a target to reduce emissions by 43 percent by 2030 and achieve net-zero emissions by 2050. He also recognized the UAE’s support for Fiji in renewable energy initiatives and educational programs, expressing hope for ongoing collaboration to address the severe climate challenges facing the Pacific.
In summary, the meeting underscored the urgent need for increased financial support and actionable measures to combat climate change in the Pacific, emphasizing a commitment to sustainable development and international cooperation. This collaboration could lead to innovative solutions and advancements in renewable energy, ultimately benefiting both Fiji and the wider region.
By advocating for more robust climate financing and fostering partnerships, there is a strong potential for the Pacific nations to not only adapt to climate impacts but also to become leaders in sustainable practices, showcasing resilience and innovation in the face of global challenges.
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