Attorney-General Aiyaz Sayed-Khaiyum says investing in resilience is a good investment, and the sooner we take action to make these investments, the greater the returns will be, not just for vulnerable communities, but the entire global economy.
While speaking at the Building Resilient Future Day in New York, Sayed-Khaiyum says in Fiji, we have taken our survival into our own hands, channeling our own resources and expertise to implement adaptation projects on the ground in vulnerable communities.
Sayed-Khaiyum says our own experiences have taught us that the best projects not only avoid significant losses from climatic events, but they also sustain and create livelihoods, fuel local economies, harness nature, and even help build safer and more prosperous societies.
The AG also spoke on a high‑level panel at the launch of the V20 or “Vulnerable Twenty” Sustainable Foundation for Insurance, a mechanism designed to promote private sector insurance uptake to address climate risks and promote low‑carbon development.
He says we need to innovate our way out of the devastating cycle of cyclones and severe weather events adding by building the scale necessary to insure assets in vulnerable economies, we protect households, schools, and public infrastructure, which brings certainty and security to an otherwise volatile climate landscape.
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