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HomeFijiFiji calls for the establishment of financial mechanisms on “loss and damage”

Fiji calls for the establishment of financial mechanisms on “loss and damage”

Fiji has highlighted the need to establish a cohesive financial mechanism to address financing for “loss and damage,”- a major focus at this year’s COP 27 currently underway in Sharm el-Sheikh in Egypt.
In his statement at the COP27 High-Level Plenary, Fiji’s Permanent Representative at the United Nations and Head of the Fijian Delegation at COP27, Ambassador Satyendra Prasad, spoke on the support that Small Island Development States (SIDS), require to build resilience from the impacts of the climate crisis.He said while Fiji welcomed the commitments made to reduce emissions by 2030, these commitments need to be locked into domestic regulations, just as Fiji has done through its Climate Change Act. In voicing the plight of the Small Island Developing States (SIDS), Ambassador Prasad said there should be an urgency to mobilise greater support for the SIDS as their livelihoods, cultural and traditional assets are most affected by the climate crisis.Ambassador Prasad reiterated the importance of upholding the decisions enshrined in the Glasgow Climate Pact – that nations need to keep their discussions focused on the substance and priorities.He said it is also in the interest of the principles of the convention of security and of global stability – whereby Fiji implores all parties to realize where we are, and the necessary action we need to progress under the Paris Agreement in order to maintain the 1.5-degree temperature target.To read more of PRUN’s statement please click – http://bit.ly/3tGxxU0

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