Despite the huge drop in global economic activity during the COVID-19 pandemic, the amount of harmful greenhouse gases released into the atmosphere increased in 2002, and the past six years, 2015–2020, are likely to be the six warmest on record.
Climate finance (climate-specific financial support) continues to increase, reaching an annual average of $48.7 billion in 2017-2018. This represents an increase of 10% over the previous 2015–2016 period. While over half of all climate-specific financial support in the period 2017-2018 was targeted to mitigation actions, the share of adaptation support is growing, and is being prioritized by many countries.
This is a cost-effective approach, because if not enough is invested in adaptation and mitigation measures, more resources will need to be spent on action and support to address loss and damage.
Switching to renewables
SIDS are dependent on imported petroleum to meet their energy demands. As well as creating pollution, shipping the fossil fuel to islands comes at a considerable cost. Recognizing these problems, some of these countries have been successful in efforts to shift to renewable energy sources.
For example, Tokelau, in the South Pacific, is meeting close to 100 per cent of its energy needs through renewables, while Barbados, in the Caribbean, is committed to powering the country with 100 per cent renewable energy sources and reaching zero carbon emissions by 2030.
Several SIDS have also set ambitious renewable energy targets: Samoa, the Cook Islands, Cabo Verde, Fiji, Saint Vincent and the Grenadines and Vanuatu are aiming to increase the share of renewables in their energy mixes, from 60 to 100 per cent, whilst in 2018, Seychelles launched the world’s first sovereign blue bond, a pioneering financial instrument to support sustainable marine and fisheries projects.
The power of traditional knowledge
The age-old practices of indigenous communities, combined with the latest scientific innovations, are being increasingly seen as important ways to adapt to the changes brought about by the climate crisis, and mitigate its impact.
In Papua New Guinea, local residents use locally-produced coconut oil as a cheaper, more sustainable alternative to diesel; seafaring vessels throughout the islands of Micronesia and Melanesia in the Pacific are using solar panels and batteries instead of internal combustion; mangrove forests are being restored on islands like Tonga and Vanuatu to address extreme weather as they protect communities against storm surges and sequester carbon; and in the Pacific, a foundation is building traditional Polynesian canoes, or vakas, serving as sustainable passenger and cargo transport for health services, education, disaster relief and research.
Strategies for survival
While SIDS have brought much needed attention to the plight of vulnerable nations, much remains to be done to support them in becoming more resilient, and adapting to a world of rising sea levels and extreme weather events.
On average, SIDS are more severely indebted than other developing countries, and the availability of “climate financing” (the money which needs to be spent on a whole range of activities which will contribute to slowing down climate change) is of key importance.
More than a decade ago, developed countries committed to jointly mobilize $100 billion per year by 2020 in support of climate action in developing countries; the amount these nations are receiving is rising, but there is still a significant financing gap. A recently published UN News feature story explains how climate finance works, and the UN’s role.
Beyond adaptation and resilience to climate change, SIDS also need support to help them thrive in an ever-more uncertain world. The UN, through its Development Programme (UNDP), is helping these vulnerable countries in a host of ways, so that they can successfully diversify their economies; improve energy independence by building up renewable sources and reducing dependence on fuel imports; create and develop sustainable tourism industries, and transition to a “blue economy”, which protects and restores marine environments.