Uniting for Climate Action: UN, World Bank and UNDRR Leaders Push for Climate Finance, Justice and Nature-Based Solutions for SIDS

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Climate Change Finance

Panelists at SDG Media Zone at SIDS4, Antigua and Barbuda. Credit: Alison Kentish/IPS

Panelists at SDG Media Zone at SIDS4, Antigua and Barbuda. Credit: Alison Kentish/IPS

ANTIGUA & BARBUDA, May 29 2024 (IPS) – As leaders of Small Island Developing States (SIDS) meet for the 4th International Conference on SIDS in Antigua this week, top United Nations and World Bank officials are calling for urgent action to help SIDS tackle their unique challenges and plan for the next decade.


Selwin Hart, UN Special Adviser to the Secretary-General and Assistant Secretary-General of the Climate Action Team, had a frank assessment for a United Nations SDG Media Zone event on the sidelines of the conference, known as SIDS4

“The international community has failed to deliver on its commitments to these small nations, but it’s not too late to make amends,” he said.

Hart says the world has the ‘tools, solutions, technologies, and finance’ to support SIDS, but change lies in the political will of  the countries with the greatest responsibility and capacity, particularly G20 nations, which account for almost 80 percent of global greenhouse gas emissions.

“A mere USD 3 billion of the USD 100 billion goal has been mobilized annually for the small island developing state and you compare that to the USD 36 billion in profit that Exxon Mobil made last year. It represents a tenth of the climate finance that SIDS are attracting and mobilizing. We need to correct these injustices and that has to be at the root of the global response to the demands and needs of  small island developing states.”

Nature-Based Solutions for Nations on the Frontlines of Climate Change
“Both natural and man-made disasters hit SIDS first,” the World Bank’s Global Director of Environment, Natural Resources, and Blue Economy, Valerie Hickey, told the Media Zone. She said that for this reason, the international lending body describes SIDS as “where tomorrow happens today,” a nod to small islands’ role as ‘innovation incubators,’ who must adapt to climate change through the creative and sustainable use of natural capital, biodiversity, and nature-based solutions.

She says nature capital also shifts the narrative, focusing less on the vulnerabilities of SIDS and more on their ingenuity.

“We don’t talk enough about the fact that small islands are where natural capital is the engine of jobs and GDP,” she said. “It is fisheries. It is nature-based tourism. These are critically important for most of the small islands and ultimately deliver not just jobs and GDP but are going to be the only technology for adaptation that is available and affordable, and affordability matters for small islands.”

For small island states seeking to adapt to a changing climate, nature-based solutions and ecosystem based adaptation are essential, but it is also necessary to tackle perennial problems that hinder growth and access to finance. That includes a dearth of current, relevant data.

“The data is too fragmented. It’s sitting on people’s laptops. It’s sitting on people’s shelves. Nobody knows what’s out there and that’s true for the private sector and the public sector,” she said.

“In the Caribbean, where there is excess capital sitting in retail banks, USD 50 billion of that can be used to invest in nature-based solutions judiciously, to work on the kind of longer-term infrastructure that would be fit for purpose both for disaster recovery and long-term growth—it’s not happening for lack of data.”

As part of SIDS4, the world’s small island developing states appear to be tackling this decades-long data problem head-on. At the event’s opening session, Antigua and Barbuda’s Prime Minister Gaston Browne said a much-promoted Centre of Excellence will be established at this conference and that this Global Data Hub for Innovative Technologies and Investment for SIDS will use data for decision-making, ensuring that SIDS’ ten-year Antigua and Barbuda Agenda (ABAS) is led by ‘accuracy and timeliness.’

Reducing Disaster Risk and Early Warning Systems for All

A discussion on SIDS is not complete without acknowledging the disproportionate impact of disasters on the island nations. Assistant Secretary-General and Special Representative of the Secretary-General for Disaster Risk Reduction, Kamal Kishore, says mortality rates and economic losses from disasters are significantly higher in SIDS than the global average.

“If you look at mortality from disasters, the number of deaths normalized by the population of the countries, the mortality rate in SIDS is twice that of the rest of the world. If you look at economic losses as a proportion of GDP, globally it is under one percent; in SIDS, in a single event, countries have lost 30 percent of their GDP. SIDS have lost up to two-thirds of their GDP in a single event.”

Kishore says the ambition to reduce disaster losses must match the scale of the problem. He says early warning systems are a must and have to be seen by all not as generosity but responsibility.

“It is not acceptable that anybody on planet Earth should not have access to advanced cyclone or hurricane warnings. We have the technical wherewithal to generate forecasts and warnings. We have technologies to disseminate it. We know what communities need to do and what local governments need to do in order to respond to those warnings. Why is it not happening?”

The Early Warning for All initiative was launched by UN Secretary General Antonio Guterres in 2022. Kishore says 30 countries have been identified in the initial stage and a third of those countries are SIDS. Gap analyses have already been conducted and a road map has been prepared for strengthening early warning systems. The organization needs money to make it happen.

“The world needs to show some generosity and pick up the bill. It’s not in billions. It’s in millions and it will pay for itself in a single event. You invest in early warning in a country and one major event happens in the next five years, you’ve recovered your investment. The evidence is there that it makes financial sense, but we need to mobilize resources to close that gap.”

The Road Ahead

Thirty years since the first International Conference on Small Island Developing States (SIDS), the three leaders agree that there is hope, but that hope is hinged on action—an approach to development in SIDS that involves financial investment, comprehensive data collection and management and nature-based adaptation measures.

“It’s not too late,” says Selwin Hart. “What we need now is the political will to make things right for small island developing states.”

IPS UN Bureau Report

 

Small Island Nations Demand Urgent Global Action at SIDS4 Conference

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Conferences

The once-in-a-decade SIDS Conference opened in Antigua and Barbuda today, with a clear message: the world already knows the challenges that SIDS face—now it’s time for action.

King Charles III of Britain addresses the opening ceremony of the Fourth International Conference on Small Island Developing States, May 27, 2024. Credit: Alison Kentish/IPS

King Charles III of Britain addresses the opening ceremony of the Fourth International Conference on Small Island Developing States, May 27, 2024. Credit: Alison Kentish/IPS

ANTIGUA, May 27 2024 (IPS) – “This year has been the hottest in history in practically every corner of the globe, foretelling severe impacts on our ecosystems and starkly underscoring the urgency of our predicament. We are gathered here not merely to reiterate our challenges, but to demand and enact solutions,” declared Antigua and Barbuda Prime Minister Gaston Brown at the opening of the Fourth International Conference on Small Island Developing States on May 27.


The world’s 39 small island developing states are meeting on the Caribbean island this week. It is a pivotal, once-a-decade meeting for small states that contribute little to global warming, but are disproportionately impacted by climate change. The Caribbean leader reminded the world that SIDS are being forced to survive crises that they did not create.

“The scales of equity and justice are unevenly balanced against us. The large-scale polluters whose CO2 emissions have fuelled these catastrophic climate changes bear a responsibility—an obligation of compensation to aid in our quest to build resilience,” he said.

“The Global North must honor its commitments, including the pivotal pledge of one hundred billion dollars in climate financing to assist with adaptation and mitigation as well as the effective capitalization and operationalization of the loss and damage fund. These are imperative investments in humanity, in justice, and in the equitable future of humanity.”

Urgent Support Needed from the International Community

United Nations Secretary General Antonio Guterres told the gathering that the previous ten years have presented significant challenges to SIDS and hindered development. These include extreme weather events and the COVID-19 pandemic. He says SIDS, islands that are “exceptionally beautiful, exceptionally resilient, but exceptionally vulnerable,” need urgent support from the international community, led by the nations that are both responsible for the challenges they face and have the capacity to deal with them.

“The idea that an entire island state could become collateral damage for profiteering by the fossil fuel industry, or competition between major economies, is simply obscene,” the Secretary General said, adding, “Small Island Developing States have every right and reason to insist that developed economies fulfill their pledge to double adaptation financing by 2025. And we must hold them to this commitment as a bare minimum. Many SIDS desperately need adaptation measures to protect agriculture, fisheries, water resources and infrastructure from extreme climate impacts you did virtually nothing to create.”

Antigua and Barbuda Agenda for SIDS (ABAS)

The theme for SIDS4 is Charting the Course Toward Resilient Prosperity and the small islands have been praised for collective action in the face of crippling crises. Their voices were crucial to the establishment of the United Nations Framework Convention on Climate Change and the landmark 2015 Paris Agreement.

Out of this conference will come the Antigua and Barbuda Agenda for SIDS (ABAS). President of the UN General Assembly, Dennis Francis, says that programme of action will guide SIDS on a path to resilience and prosperity for the next decade.

“ The next ten years will be critical in making sustained concrete progress on the SIDS agenda – and we must make full use of this opportunity to supercharge our efforts around sustainability,” he said.

The SIDS4 conference grounds in Antigua and Barbuda will be a flurry of activity over the next four days. Apart from plenaries, there are over 170 side events hosted by youth, civil society organizations, non-governmental organizations, and universities, covering a range of issues from renewable energy to climate financing.

They have been reminded by Prime Minister Gaston Browne that this is a crucial juncture in the history of small island developing states, where “actions, or failure to act, will dictate the fate of SIDS and the legacy left for future generations.”

IPS UN Bureau Report

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