4th International Conference on Small Island Developing States (SIDS4)

Financing the Front Lines: Effective Climate Finance for the Blue Pacific 

Tuesday 28 May, 12.00pm – 1.30pm 

Room 8, SIDS4 Conference Venue 

The UN in the Pacific is partnering with the Pacific Islands Forum Secretariat to host a side event on making climate finance work for the Blue Pacific. 

The Pacific Island region is on the frontlines of the climate change emergency, accounting for six of the top 20 disaster-prone countries in the world. The Pacific Community (SPC) estimates that the Pacific region will need US$2 billion a year to address resilience and adaptation to climate change and a renewable energy transition. Currently, the Pacific region is only accessing around US$220 million a year – less than 0.22 per cent of global climate finance. 

Given the size of the climate change challenge at hand, there is an urgent need to scale up the quantity and accessibility of climate finance to PICTs. 

This event will bring together Pacific Leaders, Secretary General of the Pacific Islands Forum, the UN Resident Coordinator in Samoa and partners to explore practical and innovative solutions to meet the Pacific’s climate financing needs. It will focus on Pacific-led initiatives that further Pacific Leaders’ vision under the 2050 Strategy for the Blue Pacific Continent, deliver on the SDGs and SIDS4 Programme of Action, work through existing regional and national systems, and bring all stakeholders to the table. 

The event will profile existing and upcoming Pacific-led climate finance initiatives including the Pacific Islands Forum’s development of a Pacific climate finance roadmap and the capitalisation of the Pacific Resilience Facility. It will also profile the work of development partners to support access to climate finance, and how development partners can support Pacific SIDS in increasing access to these global financial mechanisms.

We hope you can join us for this side event! 

For further information, please contact: rco.fiji@un.org