30-Oct-2023
Hon. Minister Seve Paeniu, Minister for Climate Change (Finance), and our Director of Climate Change and Mitigation Policy Advisor are in Abu Dhabi attending the Pre-COP28 Meeting. The Climate & Development Ministerial Meeting convened today 29 November, 15:00 – 18:00 at the Emirates Palace Mandarin Oriental, Abu Dhabi. Ministers and institution leaders discussed a draft Climate and Development Ministerial Vision and Three Priority Goals to improve adaptation finance access and delivery. Hon Minister Paeniu made a great intervention stating the perspective from Tuvalu in terms of the difficulty of accessing adaption finance, also touching upon the need for scaling all sources of adaptation finance, giving examples from MDBs and other institutions. The Minister then brought forward to the meeting Tuvalu’s innovative programmatic approach to adaption action, which is the Long Term Adaptation Plan (L-TAP). Hon. Minister finally went on to approve the Three Priority Goals and Vision of the group and encouraged continued partnerships and ambition on the way to COP 28. The Climate and Development Ministers and heads of financial institutions will reconvene next year to review progress against Climate and Development objectives and will explore a process for annual progress review up to 2030.