UN Secretary General says, “Developed countries must deliver” on finance for SIDS, in address at island leaders’ meeting on the margins of the UN General Assembly.
The United Nations General Assembly (UNGA) High-Level week climaxed for leaders of Small Island Developing States (SIDS) with the Alliance of Small Island States (AOSIS) Leaders Meeting. Leaders from the Pacific, Caribbean, and Atlantic, Indian Ocean, and South China Seas regions all came together, along with United Nations officials on Friday 22nd September in New York City, to outline the issues which must be urgently addressed to achieve sustainability and prosperity for SIDS.
Honourable Fiamē Naomi Mataʻafa, Prime Minister of Samoa and AOSIS Chair, was joined by other leaders including UN Secretary General, Mr. António Guterres; President of the Democratic Republic of Timor Leste, His Excellency Jose Ramos-Horta; President of the Marshall Islands; His Excellency David Kabua; President of Palau, His Excellency Surangel Whipps Jr; President of Cape Verde, His Excellency José Maria Neves; President of Seychelles, Mr. Wavel Ramkalawan; President of Kiribati, His Excellency Taneti Maamau; Prime Minister of Antigua and Barbuda, Honourable Gaston Browne; Prime Minister of St. Vincent and the Grenadines, Honourable Ralph Gonsalves; Prime Minister of St. Kitts, Honourable Dr. Terrance Drew; Executive Secretary of the United Nations Framework(UNFCCC), Mr. Simon Steill; and more.
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The exchange focused on issues such as accelerating access to finance with the implementation of the Multidimensional Vulnerability Index (MVI), and the severe climate change challenges which must be addressed at this year’s international climate change summit, COP28.
“Small island developing states are at the center of a storm of global problems you have done almost nothing to create,” said the UN Secretary General. “We need global action to end these crises. Small island states do not lack ambition, they lack finance. Developed countries must deliver: honoring the promise of $100 billion US dollars a year; replenishing the Green Climate Fund; and delivering a roadmap to double adaptation finance by 2025.”
Also of significance was a discussion on the Fourth International SIDS Conference, which will take place in May 2024and be the platform for the international community to focus on SIDS and work with SIDS leaders to chart a new 10-year action plan to achieve development goals.
Prime Minister Mataʻafa highlighted the critical need for SIDS to strengthen cooperation as their regions faces escalating crises.
“As Small Island Developing States, we must acknowledge that despite our unwavering dedication, we grapple with enduring obstacles that have impeded our progress throughout the last decade,” Prime Minister Mataʻafa said. “Our leadership and unity are critical at this global juncture. We must leverage our collective strengths and ensure that we are treated with respect, equity and fairness as the world looks towards our collective future.”
The summit concluded with the adoption of the 2023 AOSIS Leaders Declaration, which notes that that SIDS face unique social environmental and economic vulnerabilities and remain a special case for sustainable development, with specific needs and particular circumstances.
The Declaration outlines the collective positions of SIDS from all regions, focusing on a way forward to ensure a productive Fourth International SIDS Conference, sustainable development objectives, climate change challenges, access to finance for SIDS, safeguarding the ocean and its biodiversity, and goals to be achieved at COP28 to cope with climate change impacts.
On COP28 Outcomes, some of the Declaration calls include:
– Phasing out all inefficient fossil fuel subsidies, and ensuring peaking of global emissions before 2025 and halving them by 2030, transitioning to global net zero global emissions by2050, with developed countries taking the lead;
– Full operationalization of the Loss and Damage Fund;
– The Global Stocktake outcome at COP28 must be forward-looking and in light of equity, and the best available science;
– Developed countries must urgently deliver on their climate finance commitment of USD $100 billion per year;
– The Global Goal on Adaptation negotiations should yield an ambitious framework to scale up progress on transformative adaptation actions, deliver swift solutions and financial support.
Among the calls on Finance are:
– The establishment of a dedicated debt treatment mechanism for SIDS to enable sound debt management;
– The early adoption of the Multi-Dimensional Vulnerability Index (MVI) by the UN General Assembly;
– International Financial Institutions to recognize that GDP/GNI per capita is not the sole measure of a country’s development;
– Enabling the Bridgetown Initiative to contribute to the reform of the global financial system in order to improve the response to the climate crisis and the particular development challenges.
