Banking, Finance, Insurance and Securities (BFIS)

Fiji Dpm Prasad Tender

๐Ÿ“„ Tender ID: 510461782 ๐Ÿ“… Published: 13 Nov 2024

๐Ÿ“‹ Tender Overview

The Deputy Prime Minister and Minister for Finance Hon. Biman Prasad co-hosted the โ€œHigh Level Session on the International and Regional Cooperation for Climate Mobilityโ€ on the #COP29 sidelines in Baku, Azerbaijan, yesterday (11.11.24).

In his address, DPM Prasad stressed the need for climate mobility solutions that build resilience, uphold human dignity, and ensure safety in these times of extreme climate vulnerability.

He highlighted that climate change-induced relocation of people and communities is one of the most pressing challenges for Fiji and the island states of the Pacific, adding that hundreds of communities and towns now stand threatened by the unprecedented pace of sea level rise.

DPM Prasad emphasised that adequate and predictable climate financing was crucial to address the growing crisis of climate mobility affecting vulnerable Pacific island communities, who are at the mercy of rising sea levels.

โ€œHuman dignity is not something we switch on when project financing comes through and switch off when project financing falls short,โ€ DPM Prasad said.
โ€œThe fund for responding to Loss and Damage; the Santiago Network for Loss and Damage, and the Pacific Resilience Facility, will bridge critical funding gaps to address loss and damage.

โ€œIt is our expectation that these initiatives will be well-resourced through the commitment to a robust and evidence-based new collective quantified goal on climate finance.โ€

DPM Prasad added that climate change-induced relocation was a measure of last resort because of social, emotional and spiritual dislocation, so the Government continues to prioritise adaptation wherever possible.

He explained that by preempting mobility issues and integrating solutions within national and regional adaptation frameworks, it allows for an opportunity to build resilience, address loss and damage, and maintain sustainable development efforts.

DPM explained that Fiji's commitment to working through some of its lived experiences with relocation, such as in Vunidogoloa and Narikoso, is reflected in the Governmentโ€™s relocation guidelines and standard operating procedures.

โ€œThe needs are many and they are growing, and for us to make further progress on climate mobility, we need to be able to access climate finance on scale,โ€ DPM Prasad said.

โ€œThis is why COP29 matters so much to Fiji and the rest of the Pacific.โ€

๐Ÿ” Key Information

๐Ÿ“„
Tender Reference No.
510461782
๐Ÿ“…
Publication Date
13 Nov 2024
๐ŸŒ
Sector
Banking, Finance, Insurance and Securities (BFIS)
๐Ÿ“
Notice Type
News
๐Ÿ“
Location
Fiji

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Authority N/A
Country Fiji
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Tender Type Procurement News
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