UN Secretary-General António Guterres has issued a warning that Pacific island nations, already reeling from rising sea levels and economic strain, face an uphill battle against climate change unless global financial institutions reform and major polluters drastically increase their support.
During a visit to Samoa, where he witnessed firsthand the devastating impact of climate change, including communities displaced by coastal erosion and rising sea levels, Guterres emphasized that Pacific islanders are determined not to be mere victims.
However, he warned that their bold initiatives to counter this “existential threat” have been stymied by the international community’s failure to deliver promised funding.
“We are fighting hard for climate justice,” Guterres declared in a press conference at the UN House in Apia, Samoa’s capital.
“But we are not seeing the money that is needed, and that’s why we ask for the reform of the international financial institutions to meet the funding needs of countries like those in the Pacific.”
António Guterres
Unfulfilled Promises
The Secretary-General criticized wealthy nations for their inadequate responses to the economic upheaval triggered by climate-related natural disasters.
Despite the establishment of the Loss and Damage Fund at the 2022 UN Climate Change Conference (COP27) in Egypt, Guterres pointed out that these gestures have fallen short of addressing the needs of vulnerable nations.
In 2021, developed countries pledged to double climate adaptation funding from the $100 billion annually agreed upon in 2009. Yet, Guterres noted that this potential lifeline has not garnered the necessary backing.
“We need all countries to honor their promises on climate finance,” he asserted, adding that this year’s COP discussions must yield a robust financial commitment for the post-2025 period.
A Community’s Resilience
Guterres spoke movingly about the resilience of Samoans, who have repeatedly faced the brunt of climate shocks, including the catastrophic 2009 tsunami that claimed at least 192 lives.
“We have seen people move their houses inland. We have seen people persist in coming back and rebuilding,” he recounted.
“The determination of people to fight against not only the impact of the tsunami but also the rising sea levels, storms, and cyclones, is truly remarkable.”
António Guterres
He highlighted a sea wall protecting a Samoan village that has been rebuilt three times in 20 years due to the relentless assault of rising sea levels and extreme weather events.
This ongoing battle symbolizes the broader struggle faced by Pacific islanders as they strive to protect their homes and communities.
Financial Disparities Exacerbate the Crisis
Countries like Samoa, already on the frontlines of the climate crisis, face further challenges due to financial inequalities.
Unlike the world’s poorest nations, which can access lower-interest loans, countries like Samoa must borrow at higher rates, hampering their ability to finance essential projects.
To rectify this imbalance, the UN has collaborated with Small Island Developing States (SIDS) to introduce the Multidimensional Vulnerability Index (MVI).
This new metric aims to help these nations secure the substantial funding needed for sustainable development.
“We ask the international community to ensure that when international financial institutions deal with countries like Samoa, the MVI is considered, allowing concessional funding for necessary projects,” Guterres stressed.
A Call for Global Support
Guterres also reiterated his call for small island states to gain access to $80 billion in development funding linked to Special Drawing Rights.
These funds, managed by the International Monetary Fund (IMF), could be directed through multilateral development banks to support borrowing by vulnerable nations.
Such financial support is crucial for countries like Samoa, which have seen their vital tourism income evaporate due to the COVID-19 pandemic and have received insufficient international assistance.
“When we look at Samoa, we understand what that means, and we never stop fighting to make sure that this is recognized by the international community,” Guterres concluded.
As the Pacific islands continue their fight against climate change, Guterres’ message is clear: without urgent global action and financial reform, these nations’ efforts to protect their future may be in vain.
READ ALSO: Deputy Minister, Journalist Highlight Playwright’s Profound Impact On Career
