There is an urgent need for decisive climate action and it is also important to negotiate a new collective quantified goal (NCQG) for climate finance which is crucial for addressing the ongoing climate crisis.
This was highlighted by Minister for Public Works, Transport, and Meteorological Services, Ro Filipe Tuisawau during the Global Green Growth Week 2024, as the world prepares for COP29 in Baku, Azerbaijan.
Ro Filipe highlighted the findings from last year's Global Stock take at COP28 noting that current efforts are insufficient to limit global warming to 1.5 degree Celsius.
He says the outcomes from COP29 must reflect the urgency of the situation and address the deficiencies identified in the stock take.
Ro Filipe identified three key focus areas for the upcoming negotiations which include mitigation, finance, and adaptation and has called for unwavering commitment to transitioning away from fossil fuels.
He says any regression on this front would be detrimental.
While speaking on finance, Ro Filipe highlighted the need for structural reforms to ensure that climate funding adequately addresses the specific challenges faced by Small Island Developing States (SIDS) and Least Developed Countries (LDCs).
He says we need predictable and grant-based financing, along with simplified access to resources.
He is urging for robust adaptation strategies tailored to the unique vulnerabilities of Small Island Developing States, calling for clear indicators that facilitate increased resource flow for adaptation investments.
Global Green Growth Week is a global flagship event of GGGI and provides a platform for GGGI’s members and partners to share their successes and challenges regarding the green growth agenda.
