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Opportunities for improving access to Climate Change Finance

Opportunities for improving access to Climate Change Finance

Climate change is the single greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific. This was reaffirmed last year when Pacific Island Forum Leaders identified climate change as one of the top five regional priorities under the Framework for Pacific Regionalism, and at the same time issued the Declaration on Climate Change Action for the UNFCCC COP21 in Paris. The declaration built upon other high level declarations issued by the region prior to COP21.

For Forum countries, the COP21 Outcome (Paris Agreement and Decisions) was generally positive as it incorporates most of the priorities the region had expressed, including the need to reduce the global temperature goal to 1.5 degree Celsius, agreeing to 5-year review cycles of ambitions to cut down emissions, having loss and damage as a standalone article, and ensuring simplified and enhanced access to climate change finance...