AOSIS wants focus on finance as UNGA meets

Photo courtesy: Unsplash/Atul Pandey

Ryan Bachoo
Lead Editor – Newsgathering
ryan.bachoo@cnc3.co.tt

With the 79th United Nations General Assembly set to get underway in one week, the Alliance of Small Island States (AOSIS) has issued an urgent call for developed countries to demonstrate credible support for vulnerable countries amidst a worsening climate crisis.

In a statement on Tuesday morning, AOSIS said the New Collective Quantified Goal (NCQG) is a key issue that must be addressed with mere weeks to go before the start of COP29.

They said the NCQG “must provide adequate and efficient financial flows for essential action on mitigation, adaptation, and loss and damage.”

AOSIS warns that the lack of progress on the NCQG discussions is putting the world’s most vulnerable women, men, and children in grave danger. Small Island Developing States (SIDS) have continuously highlighted the inefficiencies of the previous USD $100 billion goal, and are concerned that COP29 is in danger of producing the same outcome.

AOSIS Chair, Ambassador Fatumanava Dr. Pa’olelei Luteru, said, “The world is teetering on the brink of irreversibly tipping over the 1.5 degrees Celsius limit, which will result in very real devastation not just for our islands on the frontlines but for every person on this planet. Unlocking critical financial flows is necessary to keep us 1.5-aligned and address present climate change impacts while staving off even worse to come.”

He added, “Failure to agree on these elements will all but guarantee that history will repeat itself. That is, a history littered with repeat offences against the vulnerable – missed targets, failed promises, and systemic inequities entrenching a climate finance system against the innocent victims of the climate crisis.”

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