Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, has underscored the pressing need for urgent action on climate change during discussions with Omar Shehadeh, the UAE Special Envoy to the Pacific. In his remarks, Professor Prasad highlighted the Pacific region’s vulnerability to climate disasters, pointing out that six of the world’s twenty most disaster-prone countries are located there.
Despite the alarming situation, the region secures only about $220 million annually in climate financing, which falls significantly short of the estimated $2 billion required to effectively manage climate adaptation and transition to renewable energy sources.
Professor Prasad reiterated Fiji’s commitment to the COP28 agreement, with ambitious goals to reduce emissions by 43 percent by 2030 and achieve net-zero status by 2050. He also expressed gratitude for the UAE’s support in advancing renewable energy initiatives and educational programs in Fiji, remaining hopeful for ongoing cooperation to address the critical climate challenges confronting the Pacific.
This commitment from Fiji and the partnership with the UAE highlight a proactive approach to combating climate change, emphasizing the importance of international collaboration in tackling global environmental issues. The situation, while urgent, presents an opportunity for countries to work together towards sustainable solutions.
In summary, the article conveys an urgent call for increased climate financing and collaboration, while also emphasizing the commitment of Fiji to significant climate targets, reflecting a hopeful outlook on addressing climate challenges through international partnerships.
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