The UK is alive to the distinct challenges that this
perfect storm poses to SIDS sustainable development.
Overcoming them is more urgent than ever. Building
capacity, opening markets promoting investment and
building adaptation and resilience will require
tailored solutions, and international support.
Through our COP26 and G7 presidencies next year, we are
committed to leading the international effort to
address climate change and drive a green and resilient
global recovery.
We will use our COP26 Presidency to encourage Member
States – particularly the big emitters – to reduce
their emissions in line with the Paris Agreement. We
also need to do more to build resilience through
adaptation, increase the availability, efficiency and
accessibility of finance, and take urgent action to
avert, minimize and address loss and damage.
Once we have dealt with the initial impact of COVID-19,
we owe it to future generations to build back better,
including through creating a fairer, greener and more
resilient global economy.
Our guiding frameworks for these efforts must be the
SDGs, Paris, Addis, and Sendai. Collaboration between
governments, international organisations, international
financial institutions, civil society and the private
sector will be essential for achieving success.
With that in mind, later this year the UK will invite
representatives of SIDS, donor countries, international
financial institutions and civil and private sector
partners to discuss solutions to the concessional and
private finance challenges facing SIDS, as described so
eloquently and clearly by the distinguished Minister of
Fiji at the start of today’s discussion.
We want this discussion to harness the expertise of
SIDS from all regions and to identify long-term
solutions for these challenges that go beyond
short-term emergency measures in response to the
economic disruptions of COVID-19.
SIDS require SIDS solutions so look forward to working
with you all on these issues going forward.