Policy
Pacific leaves empty handed from COP31 “pledging event” for new fund
Climate Home News · By Sebastian Rodriguez ·
The Brief
- A pledging event at COP31, hosted by Australia, to support a new Pacific regional climate fund produced no new pledges.
- The fund's target is $500 million, promised to be reached by the end of the year.
- The fund was adopted about a year before the event, according to the source.
Why it matters
The fund's $500 million target depends on pledges still to come, so the shortfall signals risk to Pacific climate finance timelines for science and policy readers tracking adaptation funding.
Who’s affected
- Pacific island governments and communities
- climate finance analysts and policy researchers
- #climate finance
- #pacific islands
- #cop31
- #adaptation funding
- #climate policy
Australia’s much-anticipated session to help Pacific nations lift off a new regional fund went by without a single new cent pledged, despite it being a key moment to achieve its target of $500 million promised by the end of the year. In only a year since its adoption, the island…
Timeline
Pledging event for the Pacific regional fund at COP31 passes without any new pledges
Climate Home News
Pacific leaves empty handed from COP31 “pledging event” for new fund