In a compelling keynote address at the Second International Conference on “Key Issues in Climate Accounting,” Deputy Prime Minister and Minister of Finance, Professor Biman Prasad, underscored the importance of translating academic research into actionable policies. Addressing a diverse audience of academics, policymakers, and professionals at the FRCS Training Room, he articulated the critical need to align research with practical solutions to tackle climate challenges faced by Fiji and the broader Pacific region.
Professor Prasad emphasized the pivotal relationship between research, policy, and finance, noting that effective communication between these sectors is essential for making a meaningful impact on climate issues. He reflected on Fiji’s significant contributions at the recent COP 29 summit, particularly in promoting commitments for climate finance, including the establishment of a loss and damage fund aimed at supporting Small Island Developing States (SIDS).
He also acknowledged the challenges in accessing climate finance for Pacific nations, stating, “It’s about ensuring that small island states like Fiji have the capacity to implement projects that will have a lasting impact.” To encourage progress, he called on the community of academics, policymakers, and professionals to innovate solutions and enhance the role of climate accounting in tracking advancements toward climate goals.
This inspiring message serves as a call to action for collaborative efforts to support vulnerable nations in combating climate change effectively. With ongoing commitment and innovation, there is potential for transformative progress in fostering resilience against climate impacts in the Pacific region.
Summary: Professor Biman Prasad urged the transformation of academic research into actionable climate solutions at the Second International Conference on Climate Accounting. He highlighted Fiji’s role in securing climate finance commitments and emphasized the need for collaboration between researchers and policymakers to address climate challenges effectively.
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