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Distinguished members, we all derive our livelihood and the source of our life from nature. But our world stands on the threshold of serious environmental and climate related threats. Air, water and soil. And also many living species are being affected by climate change. While developing countries and the Pacific region are experiencing the climate crisis to their very core, they unfortunately face serious difficulties in accessing the funding they need. This November we'll host the COP31 summit in Antalya province of Turkey. At the summit, we will ensure that climate justice is given particular prominence. With the partnership we have developed with Australia, we aim to make COP31 an implementation COP where financial commitments are fulfilled, technology transfer is accelerated and promises are actually translated into concrete steps. So COP31 will be made a point of uniting us all. Taking this opportunity, I invite you to the COP31 Leaders Summit. In 2017, my wife, Mrs. Emine Erdogan, initiated the zero waste movement with the slogan the world is our common home, and this initiative has now evolved into a global campaign to raise awareness. It is a fact that there are for sure many ways to tackle the climate crisis. The zero waste movement is the strongest bridge where all these paths meet. I believe that with your support, this bridge will become even stronger. I would also like to draw your attention to the following fact.
It confirms that climate responsibility is not only political or moral, it is legal. And the task now, Your Excellency, is implementation. Obligations recognized by the court must be reflected in national commitments, in the conduct of states and in the outcomes of our negotiations. Climate finance must move from promise to access, from announcement to disbursement. The loss and damage fund must operate at a scale that reflects actual need, and access must be simplified. For small administration, the cost of applying should never exceed the capacity to apply. In November, the world gathers in Antalya for COP31 and before that Fiji hosts the Pre-COP and Tuvalu a leadership event in early October. To every delegation in this hall come to the Pacific. See what a rising sea means to a village that has nowhere to move. Then let us go to Antalya and deliver on adaptation on finance and on loss and damage, and on the transition away from fossil fuels. As a Large Ocean State, Fiji's identity, economy and future are inseparable from the ocean.
Conflict is not the only threat to sovereignty. Forces beyond our borders can also limit a State’s freedom to shape its own future. For SIDS like the Maldives, none is more consequential than climate change. For SIDS, climate change is altering the very physical foundations of our nations. Sea level rise is therefore not simply an environmental concern. It is a matter of national planning and national security. It is a matter of sovereignty. Let there be no doubt: rising seas may alter our shores, but they will not erase our statehood. They will not reduce our rights. They will not weaken our maritime entitlements, and they will not diminish our national agency. Our response must be to adapt, innovate and build. But resilience demands the means to act. That means finance must reach those who need it, at the scale, at the speed and on the terms needed to build resilience. That is why COP31 in Antalya must be a COP of delivery. Implementation must be the measure of commitment.
Solomon Islands therefore recognises the need for an inclusive and transparent international governance framework on AI. Mr. president, year after year, Pacific leaders have stood at this podium and urged the world to act on climate change. And yet, global action continues to fall short of what the science demands. For every passing COP, the impacts grow more severe. Our islands are being lost to the sea. Disasters are more frequent and more devastating. Food and water security is under threat and communities are being forced from their ancestral lands. Solomon Islands knows this reality firsthand. This year, Tropical Cyclone Maila, a category five storm, tore through our communities, destroying homes, schools, infrastructure and livelihoods. My government has just approved US$9.38 million for shelter recovery. That is money our essential services urgently need now diverted to deal with the impacts of this climate extreme. Like many Pacific Island countries, we are trapped in a relentless cycle of response, recovery and rebuilding. This is not sustainable, nor is it just. My people did the least to cause this crisis, yet they pay its earliest and heaviest price. That is the moral ledger that lies before this assembly. Last year, the International Court of Justice confirmed in its landmark advisory opinion that states have legal obligations to protect the climate system. Major emitters must make deep emission cuts and transition away from fossil fuels. Climate finance, including support for loss and damage, must be grant based and channelled through our national budget systems. Project based financing of climate action is unsustainable and out of step with the scale of a crisis we did the least to cause. Vulnerable countries should not have to choose between climate action and educating our children, caring for the sick or securing food and water. Yet that is the choice we face with every dollar we spend. We therefore call for the full capitalisation of the Pacific Resilience Facility, and an ambitious and timely third replenishment of the Green Climate Fund. Our region has long led on climate action, and we will continue to lead. The Pre-COP31 meeting, to be hosted in the Pacific by Australia in partnership with Fiji and Tuvalu, will bring the reality of climate change directly into the heart of the global process. I call on all parties and partners to come to that meeting and to COP31 with stronger commitments and concrete action. The communities on the frontline of the climate crisis deserve nothing less. Mr. president, Solomon Islands welcomes the convening of the second high level meeting on sea level rise and the adoption of the first political declaration on sea level rise. Every day our people are defending their coastlines, strengthening their resilience, protecting their food and water security and their cultural heritage, and, where there is no other choice, relocating. But we cannot do this alone. I call on this assembly to match the courage of our Pacific communities with collective international resolve to scale up adaptation and resilience finance, and to support communities facing climate mobility needs.
Excellencies, let's be real. We need the UN not for the sake of the UN, but in order to address challenges that face us all. Because no single country can manage climate change, global health threats, or the governance of emerging technologies on its own. The climate crisis makes the point starkly. We see it in droughts and wildfires, in record breaking heat, and in the growing pressure on food, water and energy, accessibility and security. The challenge before us is no longer a lack of solutions. We have the solutions. We know what's required. Now we need to deliver. Therefore, COP31 must be a COP of implementation, turning ambition into action and real world results. Delivering the objectives of the Paris Agreement and its 1.5°C temperature goal. With only four years left to 2030, we must also be honest about where we stand on Sustainable Development Goals, both in terms of achievements and challenges. Let's make the upcoming SDG summit a turning point. 2030 must not be a missed deadline. Excellencies. This year will be selecting a new secretary general.
Mr. President, the sustainability of our oceans and fisheries is closely linked to the changing climate, and the pressures we face on our marine resources are increasingly compounded by its impacts. Climate change remains one of the most pressing challenges to our development and way of life. Sea-level rise, coastal erosion, saltwater intrusion and extreme weather events continue to place pressure on our communities, infrastructure, water security and livelihoods. The Intergovernmental Panel on Climate Change Sixth Assessment Report reinforces the urgency of these challenges and particularly the risks faced by small island States. Through our long-term national development vision, the Kiribati Vision for 20 years, and our national priorities under Te Motinnano policies, we continue to invest in resilient infrastructure, water security, coastal protection, disaster preparedness, renewable energy and community-based adaptation. Our objective is clear: to continue building a wealthy, healthy and peaceful Kiribati, where our people can live with dignity, in peace and with opportunities. Renewable energy is increasingly important to Kiribati’s development and energy access. We therefore see greater investment in renewable energy as an important opportunity to reduce our reliance on imported fossil fuels and strengthen the resilience and sustainability of our energy sector. But national action must be matched by international action. We call for greater ambition, stronger support for adaptation and climate finance that is adequate, predictable and accessible, particularly for Small Island Developing States. Kiribati recognises the importance of international law in addressing climate change. The International Court of Justice Advisory Opinion on climate change advances climate justice by affirming that all States have binding duties to protect the climate system and achieve deep, rapid, and sustained greenhouse gas reductions consistent with limiting warming to 1.5 degrees Celsius. We welcome growing recognition that climate resilience must be locally owned and driven. The Pacific Resilience Facility is a Pacific-led, Pacific-owned mechanism that strengthens the region’s capacity to finance climate and disaster resilience. The Pacific’s co-hosting of COP31 with Türkiye later this year further demonstrates the value of local action.
As we close the general debate, let us remember that our work does not stop today or with the end of the high level week. This is only the beginning of the session. The hard work will continue in the committees, in the major processes underway from COP31 to SDG Summit, and will continue in this hall, in the committee rooms, in the lounges and cafeterias, in the corridors of diplomacy. So I call on you in the spirit of restoring trust to make this session count.
Mr. President, we cannot restore trust without tackling climate change with the same resolve. There cannot be lasting security without climate security. There cannot be climate security without climate justice. My country will bring three demands to the 31st Conference of the Parties in Antalya, Turkey: that the Loss and Damage Fund become fully operational and accessible; that adaptation financing should no longer be the forgotten stepchild of climate finance; and that the countries of the Congo Basin, the second-largest lung of the planet, should finally be justly compensated for the services they provide to humanity by protecting their ecosystems.
We must peak as low as possible and return below 1.5°C as quickly as possible. Every fraction of a degree matters. The Pacific loses an estimated of $500 million every year due to natural disasters such as cyclones, flooding. Early warning systems give communities time to prepare and reduce these losses. That may be a modest sum in global terms but for Pacific nations it is a heavy toll on our countries and our people. And yet the financing to prevent such losses still falls short. The Pacific Resilience Facility, our own financing mechanism for building community resilience, needs a further $328 million in pledges to reach its initial capitalisation target of $500 million. Weather Ready Pacific, designed to reduce the human and economic costs of severe weather events, needs a further 160 million to reach its target. Tonga's Climate Trust Fund, a direct community fund which disbursed its first round of grants this year, also requires significant funding support. We call on all our partners to invest in these Pacific designed and Pacific owned solutions. Tonga stands behind 2026 Pacific Island Forum leaders, the Belau Declaration, and calls on all our major emitters to act urgently. Climate action is a legal obligation, but meeting those obligations will require difficult decisions rooted in science. Climate leadership is not a popularity contest. Seven of the nine planetary boundaries have been breached by human activity. Climate inaction is not an option. Tonga is accelerating its transition away from fossil fuels and expanding renewable energy, and we encourage the shift to electric vehicles. For us, decarbonising also means greater energy security and protection from global fuel price shocks. We must phase out the explicit fossil fuel subsidies estimated by the IMF at $725 billion. International financial institutions and multilateral development banks must recognise the Multidimensional Vulnerability Index, the MVI, which ensures that it informs eligibility and allocations. By any credible index, Tonga is amongst the world's most vulnerable countries. However, we call on all nations, especially the world's largest emitters, to attend the Pre-COP31 meetings in Fiji and Tuvalu in October this year. Come to the Pacific and confront what 1.5 degrees means for our water, our people our food, our homes, and our security. We welcome the General Assembly's declaration on sea level rise, a significant achievement for the preservation of sovereignty. It marks the first time all member states have agreed on a single common text on sea level rise.
And addressing climate change, which threatens their very existence through rising sea levels and increasing salinity. Accepting the science of climate change and acting upon it is rightfully the entry point for engaging with these vital nations of the Pacific, or as we call it, the Blue Continent. It's why we are partnering with the COP31 President Türkiye and Pacific nations to sponsor a Pacific Pre-COP meeting in Fiji and Tuvalu. Pacific countries have long been leaders on climate action. Their voices are central to shaping the global response. And we proudly work with them. Mr. President, Australia's purpose in its relations with the United Nations is clear and our approach is principled.
Although Bangladesh has contributed little to global carbon emissions, it is bearing the adverse consequences of climate change. In these circumstances, Bangladesh has chosen the path of building resilience and developing the capacity to survive and adapt. Therefore, Bangladesh expects stronger global cooperation at COP31 on climate justice, climate finance and adaptation support. The Government of Bangladesh has strengthened its programmes for environmental protection. As part of these efforts, the government has launched a programme to plant 250 million trees across the country over the next five years. Emphasis has been placed on the use of clean energy and solar energy. With the aim of freeing the country from the scourge of floods and droughts, the government has also launched a programme to excavate 20,000km of canal across the country.
Tuvalu acknowledges the efforts of the international community to address the climate crisis, but the pace and scale of global actions remain insufficient. With a temporary overshoot of the 1.5°C target now inevitable, a fast, fair, just and orderly transition away from fossil fuel is even more urgent and require serious attention. Although the science may be clear that methane mitigation is the only scalable near-term solution capable of rapidly slowing global temperature rise and buying time for long term CO2 decarbonisation strategies to take effect. Tuvalu will insist that CO2 mitigation must also remain a top priority, and that both methane mitigation and CO2 mitigation should be vigorously pursued simultaneously. Therefore, the call for a fossil fuel free Pacific and the Funafuti call for climate justice and climate actions are critical Pacific led instruments championing Pacific regional survival and global climate actions. Towards that objective, Tuvalu is determined to play its part in driving greater ambition, including the hosting of the Leaders' Segment event of the Pre-COP31 next month and co-hosting with Ireland in Tuvalu next year the Second Conference on Transitioning Away from Fossil Fuels. Tuvalu reminds states of their legal obligation to take appropriate action to protect the climate system from greenhouse gas emissions, as failure to do so constitutes an internationally wrongful act, as confirmed by the ICJ advisory opinion. Tuvalu welcomes the operationalization of the Loss and Damage Fund and call on countries to honour their pledges and commitments. Adequate, predictable and timely financing is essential to ensure the fund can fully deliver on its mandate and provide meaningful support to those most vulnerable to climate related loss and damage including non-economic loss and damage. Finance, therefore, must be provided as grants at the scale required to address the climate impacts already unavoidable, and the increasing loss and damage caused by further warming. Tuvalu stands ready to work with all nations to advance climate ambitions and strengthen resilience and ensure that no country is left behind.
Minister Murat Kurum, representing the incoming COP31 presidency, has put the challenge plainly the time for simply setting out goals is behind us. Anyone who experienced this summer in Europe and elsewhere knows that it was the hottest on record, and the super El Niño has not even yet hit. The proposed action agenda places methane reduction at the centre of climate implementation, and we welcome that focus. It is true that carbon dioxide must remain central to the global energy transition, but emissions are not falling quickly enough, and the full benefits of action will take time to emerge. So, Mr. President, under Barbados's presidency of the CVF Climate Vulnerable Forum and its V20 countries, 74 countries got together and advanced the call to pull the methane emergency brake at the G20 Ministerial Dialogue in April of this year. The finance ministers agreed that methane reduction must be treated not only as an environmental priority, but also an economic, fiscal and public health opportunity. We must now implement. Climate vulnerable countries need to mobilise approximately $490 billion each year by 2030, and yet the current inflows are roughly $90 billion. As a young people in Barbados would say, the math simply ain't mathing. We must also correct the inequity of the borrowing costs that these countries face. It is almost 1.2 percentage points higher for climate vulnerable countries than for advanced economies. Now that figure seems small to you, but that actually generates an estimated $62 billion more a year in excess interest payments each year.
