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President of Seychelles Wavel Ramkalawan has pleaded for all multilateral and international financial organizations under the control of the West to change their financing mechanisms to allow all small island developing states (SIDS) like Seychelles to have access to concessionary funding for climate action
President of Seychelles Wavel Ramkalawan has pleaded for all multilateral and international financial organizations under the control of the West to change their financing mechanisms to allow all small island developing states (SIDS) like Seychelles to have access to concessionary funding for climate action.
Ramkalawan made the plea in his statement on the sidelines of the 28th Session of the United Nations Conference of Parties (COP28) in Dubai. He said that for COP28 to be a success, governments and others must be prepared to take definitive actions that benefit people, nature, and the climate. He acknowledged that despite the lack of action to meet the goals set out in the COP21 Paris Agreement, important progress had been made such as the recent operationalisation of the Loss and Damage Fund.
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He reminded the summit that globally, greenhouse gas emissions continue to rise and stressed the need for the world to change course and transition to a low-carbon global economy in the building of a more resilient planet. He also highlighted that frontline coastal communities are enduring the increasing impacts of climate change.
