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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 Cop 31 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 the Unep adaptation on finance and on loss and damage, and on the transition away from fossil fuels. As a large ocean state.
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. We must move faster. We must speed up the 2030 Agenda, and we must turn ABAS into measurable progress for SIDS. For island nations, that progress cannot be separated from a healthy and sustainably managed ocean. Therefore, the first Conference of the Parties to the BBNJ Agreement must deliver from day one.
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.
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 Cop 31, President Takaya 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 principle.
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.
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. This demand for justice also applies to global health. We call for equitable access to vaccines and health care technologies, and for strengthening health systems in the most vulnerable countries. Restoring trust, Mr. President, is not limited to interstate relations. First and foremost, it is built within our own borders between the state and its citizens.
We carry no larger agenda other than to ensure that the United Nations will do better. Mr. president, as we face a world in which scientists tell us overshooting the 1.5 degree temperature limit that we agreed in Paris is increasingly likely. We all need to wake up and act. Our focus now must be on preventing or minimizing the overshoot. Shortening the time we spend above 1.5, and doing everything possible to fight our way back. As we gather in Tuvalu, Fiji and Türkiye for this year's climate pre-COP and COP, our response to the threat of overshoot must be overwhelming. A much accelerated transition away from fossil fuels is the only logical response. Continued investment in fossil fuels is not only immoral but irrational. Technologies exist which provide secure, stable, zero emissions energy. We are employing them in my own country, where in the next 18 months, renewable energy will cut fossil fuel use in our remote outer islands by 88%, giving many access to electricity for the first time. We must do everything in our power to accelerate the deployment of renewables and to reduce fossil fuel production and consumption with equal speed. This includes shipping, where we have the opportunity at the International Maritime Organization to adopt binding regulations that will place international shipping on a clear path to net zero by 2050, and generate the revenue required to ensure a just and equitable transition. Mr. president, the denials and delays that have slowed the transition away from fossil fuels mean that countries like mine are already experiencing grave challenges. We have developed our national adaptation Plan, working across ministries and with our people to determine how to make a safe future. Adapting is costly and takes time. Even as we've seen schools destroyed by rising seas, salt water poisoning our wells, and disease outbreaks linked to environmental change. This injustice must be addressed. Our communities deserve restitution. The Marshall Islands and vulnerable people everywhere need sufficient, timely and accessible finance for adaptation and loss and damage. Those who have profited to the detriment of the many must pay. We have created homegrown institutions that are ready and willing to respond, like the Pacific Resilience Facility, a regionally managed platform, and the Marshall Islands Adaptation and Resilience Trust Fund, designed to enable donors to support our adaptation efforts. Mr. president, the crisis has the power to divide us or to prove that we all remain willing to achieve common goals. This week, the Marshall Islands convened the High Ambition Coalition, a diverse group of countries committed to a rigorous response to the climate crisis. We are united in the view that the best available science must lead the decisions we make, the importance of a 1.5°C temperature limit, an urgent transition away from fossil fuels, and the need for adequate and accessible climate finance, especially for adaptation and loss and damage.
Nowhere on earth is a planet warming faster than in Western Europe. But in the Caribbean, part of our kingdom, including the countries of Aruba, Curacao and Sint Maarten the effects of climate change have already been felt for much longer. And the same is true for many of your countries. For too long, the consequences of climate change have been trivialized or simply denied. But after the horrors experienced by Nepal and a long series of forest fires, the truth should be clear to everyone the climate crisis will not just disappear if we pretend it doesn't exist. We are living on borrowed time, and the generations that come after us will pay the price. And if you want to prevail that prevent that, we must commit now to both mitigation and adaptation. And we all know what needs to be done. Countless reports are agreed on that. And we have all the technology we need. Unfortunately, we are making progress. Last year, the electrical vehicle market grew by 20%. Wind power capacity grew by 14% and solar power by more than 30%. And this growth in renewable energy has exceeded even the most optimistic projections from ten years ago. And the challenge now is to accelerate this transition in all sectors and all parts of the world. And at the same time, to reduce carbon emissions and phase out fossil fuels. That is why the Netherlands, jointly with Colombia, organized the world's first conference on transitioning away from fossil fuels. This event in Colombia was attended by 57 countries, and together these countries account for one third of global GDP, one third of energy demand and one fifth of supply. And together we worked to find concrete and practical solutions to take the transition forward. But climate action requires everyone to contribute. In November, we will gather at a cop in Turkey. And I know that many of you don't have high expectations. But in my view, this can only be explained by the pessimistic idea that we are somehow powerless. But that is not true We have the knowledge and we have the technology to combat climate change. And a better world is really within reach. Thanks to our joint efforts on the Sustainable Development Goals, 92% of the world's population now has access to electricity. And since 2015, we have doubled the amount of renewable energy we generate. Child mortality has dropped sharply to because of this axis So climate action can be a catalyst for everyone to work together on solutions that concern us all. And we don't need to reinvent the wheel. A lot of good things are happening already. For decades, the Netherlands has been working with partners around the world to develop climate smart agriculture and future proof water management solutions. And we are keen to share our knowledge and knowhow And we want to learn from what other countries are doing. There are so many great initiatives on the way. But I also know there's much more to be done. The need to accelerate and scale up our efforts is only to clear. And that demands our common commitment. The Netherlands wants to build practical partnerships with other countries, so we are once again making funding available for this purpose. And at the same time, we need to adapt to climate shocks that can no longer be avoided. These adaptations will require major investments, both public and private. Because here too, we cannot do it alone. Today, I call on all countries to stick to these ambitions because one way or another, a climate transition is coming. But we can decide how it unfolds. It can be chaotic, or it can be carefully planned with an inclusive approach and economic benefits for all. Ladies and gentlemen, as I come to the end of my remarks, I have an even stronger sense of what Anne Frank was telling us.
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. Our resilience account for every hazard, including geohazards confronting our islands. Over the last few years, Tonga has endured cyclones, flooding, earthquakes and tsunamis. This year, the Super El Nino, currently forming over the Pacific Ocean, further intensifies weather patterns, compounding the pressures on our people. We therefore need integrated warning and response systems that can protect our communities against the full range of planetary risks.
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 Cop 31 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 Cop 31 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 Nino 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 G20 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 the 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 math. 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.
