Small Island Developing States had access to only USD $1.5 billion or around 2 billion FJD in climate finance out of the 100 billion in 2019.
The United Nations Framework Convention on Climate Change or UNFCCC estimates that nearly $6 trillion is needed for developing countries’ climate action plans by 2030.
Deputy Prime Minister and Minister for Finance Professor Biman Prasad highlighted this at a side event on Nature-based Financing for Climate Resilience: Leveraging Natural Solutions for Sustainable Development at COP29 in Baku, Azerbaijan.
This story was produced as part of the 2024 Climate Change Media Partnership, a journalism fellowship organized by Internews' Earth Journalism Network and the Stanley Center for Peace and Security. It was first published in FijiOne News on November 15, 2024. It has been lightly edited for length and clarity.
Banner image: Local Staff / Credit: UN Climate Change - Kamran Guliyev via Flickr
Mereoni Mili
