<
https://theconversation.com/cop29-climate-finance-for-the-pacific-is-mostly-loans-saddling-small-island-nations-with-more-debt-243675>
"As this year’s UN climate summit reaches its final stage of negotiations,
Pacific scholars are calling on world leaders to improve the dispersal system
of climate finance to support people living in small island nations.
Last week, we presented the Conference of the Parties (COP29) with a report
from the largest Pacific climate adaptation study. The Pacific Ocean Climate
Crisis Assessment (POCCA) amplifies voices of people with lived experience. It
collates data and case studies about climate impacts island nations are already
facing and local adaptation strategies they are already practising.
The report shows that climate finance has been mainstreamed into global
financial structures which follow the same patterns as development aid.
This means the main global financial institutions, including the World Bank and
the International Monetary Fund, become the “accredited” institutions involved
in dispersing funds, adding loan components and making direct access difficult
for Pacific nations."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
