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Thursday, 29 July 2010

Pacific Islands Criticise Stalled Climate Financing

Despite the creation of a High-Level Advisory Group on Climate Change Financing (AGF), a group of hard-hit Pacific islands is expressing doubt that aid will be delivered in a timely manner. "The Pacific SIDS (Small Island Developing States) bear almost no responsibility for the onset of climate change, yet we are suffering the consequences today…Climate change is a man-made disaster and redress for the damage being done to our islands is long overdue," said Ambassador Marlene Moses of Nauru.  The advisory group has been tasked with the responsibility of designing innovative ways to mobilise new and additional financial resources from private and public sources to bring into force commitments made at the climate conference in Copenhagen last year.  World leaders pledged 100 billion dollars per year by 2020, in addition to 30 billion dollars up to 2012. The funds, which have yet to be raised, will be delivered to developing countries for mitigating and adapting to the impacts of climate change.  Known as one of the world's most vulnerable regions to climate change, the Pacific SIDS face threats to food security, water security and territorial integrity.

Source: Inter Press Service News Agency