As nations on the frontlines of devastating cyclones and catastrophic sea level rise, Pacific Small Island Developing States (PSIDS) are a bloc of States united by a shared resolve to tackle the climate crisis with boldness and ambition.
In light of this, Fijian Prime Minister Frank Bainimarama called for the alignment of the Nationally Determined Contributions (NDCs) to common, five-year timeframes.
PM Bainimarama, in delivering his statement on behalf of Pacific Small Island Developing States in Madrid, Spain at the 25th session of the Conference of Parties (COP25), added that “we must agree on the governance modalities, procedures, and guidelines for carbon markets under Article 6 without delay”.
“We must seek out new and innovative ways to address loss and damage, and PSIDS call for the establishment of a new financing window within the Green Climate Fund –– and a means for its implementation –– to do so.”
The Fijian Head of Government said PSIDS must ensure it reaches the US$100 billion per year climate finance goal by 2020.’
“And we must begin work on setting a new collective goal for climate finance for 2025 and beyond.”