EconomyLens.com
No Result
View All Result
Tuesday, September 8, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

World’s island states blame richest countries for climate threats

Andrew Murphy by Andrew Murphy
May 27, 2024
in Economy
Reading Time: 7 mins read
A A
1
51
SHARES
635
VIEWS
Share on FacebookShare on Twitter

Antigua and Barbuda will host Monday's conference of the Small Island Developing States. ©AFP

United Nations (United States) (AFP) – Extremely vulnerable to climate change, not rich enough to stop it on their own, and not poor enough to merit aid and development financing: the world’s small island states on Monday blamed wealthy countries for their misfortune.

Related

Carney touts Canada ‘pivot’ away from US as tariffs rise

China’s trade booms as focus turns to expected Trump-Xi summit

Mongolians wait hours for fuel as reliance on Russia bites

Jakarta airport and others reopen after volcanic ash crisis

Trump threatens sales in US of Canadian aircraft maker Bombardier

Small Island Developing States (SIDS) “find themselves on the front line of a battle against a confluence of crises, none of which they have caused or created,” said Gaston Browne, prime minister of Antigua and Barbuda, which is hosting a SIDS conference this week.

The most pressing crisis is a worsening climate catastrophe as the world nears global warming of 1.5C, the upper threshold set in the Paris climate accord.

“The major contributors to climate change have failed to meet the obligations to mitigate its effects, causing significant harm to SIDS and our planet in general,” Browne said.

Seychelles President Wavel Ramkalawan warned that “the climate crisis will destroy all of us,” but that “the world is taking its time while we suffer.”

Caught between rising debts and rising oceans, from the Caribbean to Africa to the Pacific, many SIDS share characteristics that make them especially vulnerable to external shocks: small landmasses home to scattered and isolated populations, with import dependent, non-diversified economies.

And climate change — with its brutal droughts, powerful hurricanes and rising seas — is threatening to erase some of them from the map altogether. “We cannot accept the disappearance of any country or culture under the rising waves,” UN Secretary-General Antonio Guterres said as he opened the SIDS conference, adding the international community has a “duty” to offer support.

“The idea that an entire island state could become collateral damage for profiteering by the fossil fuel industry, or competition between major economies, is simply obscene,” Guterres said.

– ‘Blue economy’ – “The costs will only rise and will be paid in more and more human lives if we fail to deal with the root cause, that is fossil fuels,” said Hilda Heine, president of the Marshall Islands.

High on the agenda for the 39 states, whose populations number roughly 65 million people: increasing climate financing, even as many criticize the slow pace of fulfilling previous UN aid pledges.

According to the UN Development Program, some $4.7-7.3 billion in financing is needed per year just for climate adaptation measures in SIDS countries.

But most small island states are classified as middle-income countries or higher — meaning that they’re unable to access international aid and preferential financing available to the world’s poorest countries.

“They are being trapped in a no man’s land where financing from the international community that is often a kind of safety net is simply not available to them,” said Achim Steiner, head of the UNDP.

Beyond seeking outside aid, however, many are also turning toward reforming their own economies.

Priorities include developing renewable energy sectors and engaging in the so-called “blue economy” of sustainable fishing and ocean conservation — a serious opportunity for SIDS countries, which account for 19 percent of the world’s Exclusive Economic Zones.

Tourism, too, can be made more sustainable — though the specter of climate change hangs over these countries’ marine biodiversity and coral reefs, which draw scuba divers from across the world.

© 2024 AFP

Tags: climate changesmall island developing statesvulnerable
Share20Tweet13Share4Pin5Send
Previous Post

Debt, suicide, fraud: South Koreans hit by real estate scams

Next Post

Asian markets diverge, dollar weakens ahead of US inflation data

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Panama Canal considering more cuts in transits due to El Nino

September 8, 2026
Economy

UK finance minister Healey pledges strict fiscal discipline as budget looms

September 7, 2026
Economy

Scorching summer pushes French wine harvest to new historic low

September 7, 2026
Economy

US average diesel price rises to record $5.90 a gallon: AAA

September 7, 2026
Economy

US aircraft carrier departs Thailand after port call

September 7, 2026
Economy

Argentina threatens to sanction oil projects around Falklands

September 5, 2026
Next Post

Asian markets diverge, dollar weakens ahead of US inflation data

Brazil's new Petrobras chief calls to speed up oil exploration

Shanghai lifts home-buying curbs to boost property sector

Easyjet, eyeing record summer, boosts nerve centre with AI

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Carney touts Canada ‘pivot’ away from US as tariffs rise

September 8, 2026

Argentina files lawsuit against oil firms operating off Falklands

September 8, 2026

France’s BIC sees high potential in US pot smokers

September 8, 2026

Oil prices jump, stocks drop as Mideast war flares

September 8, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.