In view of the urgent needs of Caribbean islands affected by Hurricanes Irma and Maria, the “CARICOM-UN High-level Pledging Conference: Building a more Climate-Resilient Community ” mobilised a broad partnership to support reconstruction efforts, including through over US$1.3 billion in pledges and over $1 billion in loans and debt relief.
The United Nations Development Programme (UNDP) is grateful for the specific pledges made by Norway, India, Luxembourg, Russian Federation, Thailand, Kuwait, Bangladesh, United Arab Emirates, Singapore, Estonia, Indonesia, Lao People's Democratic Republic, Mongolia, Myanmar and Albania to regular resources totaling $77 million.
IIED director Andrew Norton told the Development & Climate Days audience in Bonn that climate change is "the biggest social injustice of our generation".
By 2050, Fiji’s annual losses due to extreme weather events could reach 6.5 percent of GDP because of the impact of climate change, with more than 32,000 people pushed into hardship every year, according to a significant new climate vulnerability study launched today at COP23 in Bonn, Germany.
"We all agree that Small Island Developing States (SIDS) are on the frontline of sea-level rise and the consequences of a warming climate. Climate change adaptation is an existential issue for many of these countries and critical to the achievement of resilient development. "