On the occasion of COP 26, the Pacific Community (SPC) remains committed to addressing challenges related to accessing climate finance for Pacific Island Countries and Territories (PICTs). While leaders and experts assert that PICTs are at the frontline of climate change, it remains difficult for PICTs to access climate finance and help the transition towards resilience and sustainability.
Climate change mitigation and adaptation have increasingly become a focus of public finance in the Pacific region. Over the last decades, Pacific Island Countries and Territories (PICTs) – mainly composed of low-lying islands – have become increasingly vulnerable to natural disasters and extreme weather events. This trend will not decrease as the region will face more intense tropical cyclones under future climate change scenarios, while Pacific islands’ shorelines may retreat by up to 40 metres by 2050.
Pacific islands’ shorelines may retreat by up to 40 meters by 2050