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Communities across the world are facing a climate emergency, and it is those least responsible for causing the crisis who are being hit hardest. Across the Pacific region, communities are grappling with the daily realities of a heating planet – more severe cyclones, rising food and water insecurity, and biodiversity loss – alongside the existential threat of rising sea levels. Growing climate impacts threaten the security of their islands, their economies and livelihoods, and their culture and community.

Australia is also experiencing the devastating consequences of climate change. However, we have more resources to draw from to rebuild and recover. We have also contributed significantly towards causing the climate crisis, which means we have a moral duty to support low-income countries to respond to worsening climate impacts.

Key recommendations:

Australia should support effective and equitable global climate solutions by:

  • Immediately increasing its climate finance contributions in the current financing period by $1 billion, bringing Australia’s climate finance to $3 billion for 2020-2025.
  • Committing to provide $4 billion in climate finance annually by 2025, which is Australia’s fair share of the USD 100 billion goal.
  • Ensuring that all climate finance is in addition to the aid budget.

Australia should recognise and respond to the climate-related loss and damage being experienced by low-income countries, including by:

  • Unequivocally supporting the proposal from Pacific Islands nations, and 124 other low income countries, for a standalone finance arm to address loss and damage in the United Nations Framework Convention on Climate Change (UNFCCC).
  • Making an initial contribution to loss and damage financing, above and beyond existing climate finance commitments made at COP27, accounting for this amount separately from adaptation finance and making it available as grants accessible to the most vulnerable communities; and;
  • Clearly articulating that loss and damage finance should be negotiated in the post-2025 global finance goal, as a separate element to either adaptation or mitigation.

 

 

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