DEVELOPED countries have committed $100 billion a year to build resilience, adaptation and capacity in developing countries to combat climate change.
This further increase by 2020 was agreed during the COP 21 climate talks in Paris in 2015 and was followed up with the presentation of a ‘roadmap’ last month as another clear signal of commitment to climate action support for developing countries.
It is welcome news to smaller developing countries whose opportunities to achieve development objectives have been compromised through the unsustainable activities of developed countries.
So what will these funds mean for developing countries in the Pacific?
The impact of climate change on Pacific island countries poses a great risk. Smaller atoll nations in particular face an existential threat.
The direct impacts include risks to health, sanitation, food and water security as well as infrastructure damage. And those countries prone to natural disasters such as cyclone or drought are likely to experience these with increased intensity and frequency.
The funds and projected support through the ‘roadmap’ will significantly reduce the stress experienced by these countries.
What remains now is to remove some uncertain areas of commitment. During the climate finance talks here in Marrakech, developing countries are expressing an urgent need to access funds through appropriate policy changes.
It is important that a low-carbon, green and climate-resilient future economy become the top priority. There are no two ways about this.