FIJIAN Prime Minister Voreqe Bainimarama has highlighted the need to fund more adaption projects, not just in Fiji, but all around the world.
Speaking at the COP24 event, “Adaptation fund contributor dialogue and reflections from developing countries” in Katowice, Poland, Mr Bainimarama reiterated the need to scale up access to adaptation finance/
“While the fund has been successful in harnessing innovative means to mobilise climate finance and has successfully undertaken a range of projects in vulnerable countries such as Fiji, I think we can all agree that we need to summon the political will to do a lot more than we have, given the escalating nature of the climate threat,” he said.
“And I very much hope we can see a clear move in that direction here at COP24.”
Mr Bainimarama said we must also ensure that public finance leveraged private finance for adaptation and that the conditions exist for private sector investment to flow in a way that allows rapid transformation of our countries in line with our NDCs.
“Because all around us is evidence that the threat to the peoples and economies of vulnerable nations is increasing year by year,” he added.
