Turning the Tide: Improving Access to Climate Financing in the Pacific Islands

Abstract:

The United Nations Framework Convention on Climate Change (UNFCCC) commits developed countries to provide assistance to €˜developing country parties that are particularly vulnerable to the adverse effects of climate change to meet the costs of adaptation. Despite recent commitments of "€˜fast start"€™ climate funding from donors, Pacific Island governments face significant obstacles in accessing sufficient resources to address the adverse effects of climate change on food security, water supply, coastal management and public health.

Greater international coordination is required to increase access to climate finance for small island states. Without this coordination, efforts to achieve the Millennium Development Goals by 2015 could be set back, due to the diversion of long-term development funding to disaster response and rebuilding.