UN General Assembly
2024

Goal at the upcoming COP 29 in Baku, Azerbaijan, which should catalyse much-needed reform of the international financial architecture. Effective climate finance mechanisms are essential for the provision of accessible, adequate, and predictable funding, and this requires the operationalization and capitalization of the loss and damage fund. Climate finance goes well beyond project funding; it is an investment in the resilience and sustainability of the most vulnerable nations. The future beckons, a future in which SIDS have the capacity and resources to build infrastructure that can withstand severe climate events. That future would enable a just transition to renewable energy sources, and the full protection of our natural ecosystems. Mr. President, Like many others, Trinidad and Tobago has long called for the application of new multidimensional parameters for decision-making on access to financing. In this regard, we welcome the recent adoption by the General Assembly of the Resolution on the Multidimensional Vulnerability Index. We encourage the international community and the relevant financial and development institutions to utilize the MVI, as it takes into account the realities that undermine sustainable development.