Small Island Developing States (SIDS) and the so-called Least Developed Countries (LDCs) are exposed to the worst impacts of the climate crisis, despite bearing the least responsibility for it.
At our event this month, new UK Special Representative on Climate Rachel Kyte highlighted the ongoing challenges SIDs and LDCs face in accessing much-needed concessional finance:
"It's not just about the quantum; it's about the quality and accessibility of the finance." 💡
Whilst billions are mobilised for major infrastructure projects in larger nations, countries on the frontlines of the climate crisis are receiving the finance they so urgently need.
Watch back the full conversation with Rachel, hosted by the Chair of our Board Suma Chakrabarti: https://lnkd.in/gjkemJM3#ClimateFinance#SIDS#LDCs#ConcessionalFinance#COP29
Is very hard for small island developing states in the LDC's because there's a huge fight within the G77 because you know, the big leveraged finance is going to and the big infrastructure projects are going to go as we saw in COP 27 to to to Egypt, right where you had EBRD and various other different acronyms coming in with public money at 700 million that sort of leveraged in them billions into solar and gas. You know, that ain't never gonna happen for, you know, for Palau or for Sam or, or or for or for or for Saint Lucia or for, you know, Antigua, and for the least developed and for the small island states that, you know, are the most vulnerable. What they really care about, as in some cases more even than the quantum, because let's face it, the quantum never really gets there anyway, right, is the quality and the accessibility of the finance. So will the concessional finance get to the the the most vulnerable people and, and, and if and if so, how do we make that happen?
