Climate change affected countries do not have the luxury of time to wait for funds to arrive - Seruiratu

Climate change affected countries do not have the luxury of time to wait for funds to arrive - Seruiratu

By Anamika Singh
Monday 10/12/2018
COP 23 Climate Champion and Minister for National Security and Defence Inia Seruiratu opened the MPGCA Finance Roundtable at the International Conference Centre in Katowice, Poland [Photo: Fijian Government]

It should be clearly recognised that we the affected countries do not have the luxury of time for funds to arrive.

These are the words of Climate Champion and Minister for Defence Inia Seruiratu who was speaking at the Marrakech Partnership for Global Climate Action Finance Roundtable at COP24 currently underway in Katowice, Poland.

Seruiratu says we need stream-lined and swift disbursement of finance while recognising the accountabilities and responsibilities that come with it.

He says we need more innovative financing from the private sector to support sustainable financial flow to specific sectors to support specific initiatives.

The Minister says for developing states like Fiji, financing for adaptation is one of our priorities.

He says large scale financing is required to achieve the goals of the Paris Agreement and private sector funding play a crucial role in this.

The Marrakech Partnership for Global Climate Action supports implementation of the Paris Agreement by enabling collaboration between governments and the cities, regions, businesses and investors that must act on climate change.



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