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Parallel to health, security is the fundamental crisis of climate change, which is another defining challenge of our generation. Developing countries contribute minimal to global emissions, yet bear the brunt of drought, floods, shifting weather patterns, and climate-induced shocks. Therefore, climate action must be accompanied by climate justice. We call for stronger international cooperation in climate adaptation, resilience, technology transfer, capacity building, and access to predictable, affordable climate finance. We must protect our environment not only for our present generation, but for those yet unborn. In our region, we are currently confronted by what has been predicted as one of the most severe El Niño weather patterns on record. Addressing this requires us to draw deeply upon strained national resources to protect our people and preserve their livelihoods. Directly linked to climate resilience is our commitment to food security.
We must peak as low as possible and return below 1.5°C as quickly as possible. Every fraction of a degree matters. The Pacific loses an estimated of $500 million every year due to natural disasters such as cyclones, flooding. Early warning systems give communities time to prepare and reduce these losses. That may be a modest sum in global terms but for Pacific nations it is a heavy toll on our countries and our people. And yet the financing to prevent such losses still falls short. The Pacific Resilience Facility, our own financing mechanism for building community resilience, needs a further $328 million in pledges to reach its initial capitalisation target of $500 million. Weather Ready Pacific, designed to reduce the human and economic costs of severe weather events, needs a further 160 million to reach its target. Tonga's Climate Trust Fund, a direct community fund which disbursed its first round of grants this year, also requires significant funding support. We call on all our partners to invest in these Pacific designed and Pacific owned solutions. Tonga stands behind 2026 Pacific Island Forum leaders, the Belau Declaration, and calls on all our major emitters to act urgently. Climate action is a legal obligation, but meeting those obligations will require difficult decisions rooted in science. Climate leadership is not a popularity contest. Seven of the nine planetary boundaries have been breached by human activity. Climate inaction is not an option. Tonga is accelerating its transition away from fossil fuels and expanding renewable energy, and we encourage the shift to electric vehicles. For us, decarbonising also means greater energy security and protection from global fuel price shocks. We must phase out the explicit fossil fuel subsidies estimated by the IMF at $725 billion. International financial institutions and multilateral development banks must recognise the Multidimensional Vulnerability Index, the MVI, which ensures that it informs eligibility and allocations. By any credible index, Tonga is amongst the world's most vulnerable countries. However, we call on all nations, especially the world's largest emitters, to attend the Pre-COP31 meetings in Fiji and Tuvalu in October this year. Come to the Pacific and confront what 1.5 degrees means for our water, our people our food, our homes, and our security. We welcome the General Assembly's declaration on sea level rise, a significant achievement for the preservation of sovereignty. It marks the first time all member states have agreed on a single common text on sea level rise. Our resilience account for every hazard, including geohazards confronting our islands. Over the last few years, Tonga has endured cyclones, flooding, earthquakes and tsunamis. This year, the Super El Nino, currently forming over the Pacific Ocean, further intensifies weather patterns, compounding the pressures on our people. We therefore need integrated warning and response systems that can protect our communities against the full range of planetary risks.
is a crisis you will one day inherit. Defending the rules is not a favor to the small. It is an insurance for the strong. Mr. president, nowhere is that truer than the climate crisis. Here too, we are told there is uncertainty. There is none. The sea does not negotiate. It does not read communiques, and it does not recognize a veto. In 2024, for the first time, the world was more than one and a half degrees warmer for an entire year. The line which small island states fought to write into the Paris Agreement has already been crossed. A new report released only days ago warns that El Nino phenomena now heating the planet is likely to cost some 450 000 lives by next February. In 2019 Hurricane Dorian inflicted damage and losses on the Bahamas equal to roughly a quarter of our national output. Families watched the sea take the only land they had. Most of my country sits barely above sea level. For us, a rising ocean is not a forecast. It is a boundary inching towards our doorsteps. That is why the Bahamas proudly endorses yesterday's declaration on sea level rise, which affirms that our statehood, our boundaries and our seat in this assembly will not be washed away by the sea. The science is certain. Last year, the International Court of Justice made clear that the law is also certain. The injustice is certain: the people who bear least responsibility are asked to adapt first, pay more, and recover from disasters they did not cause. And the self-interest is certain. People who lose their homes do not disappear. They move and they arrive at someone's border. Protection, prevention costs less than rebuilding or relocating. The Bahamas is taking action, but no nation acting alone can hold back the tides. Nor can we build resilience inside a financial system designed at Bretton Woods in 1944, which still declares us too prosperous to help until the next storm makes us poor. The Vulnerability Index exists.
It is time to resume the offensive and inflict a defeat on denialism. Nature reminds us every day that we live on one planet. The glaciers in the Himalayas are melting. The super El Nino may cause torrential rains, droughts and forest fires in different parts of the globe. Its effects will hit the most vulnerable, the hardest. Brazil has been demonstrating that it is possible to combine economic growth with reduced emissions. We have achieved our self-sufficiency in oil and will continue to explore the potential of new reserves, such as those in the equatorial margin. But we will not abandon the environmental agenda. We will move forward with the roadmap for the decarbonization of the Brazilian economy. The Tropical Forest Forever facility, launched at Cop 30 in the city of Berlin, shows that it is possible to change old paradigms. The forest is worth more standing than destroyed. We will continue to reduce deforestation, which has been cut in half in the Amazon and reaching its lowest level in 11 years. We have the moral authority to reject protectionist measures disguised as commitment to the environmental cause. Brazil is a global reference in green energy. We have the critical minerals and the rare earths that the world needs to make the energy transition. Our natural wealth belongs to the Brazilian people, and it is in their benefit that it will be exploited.
We also want to make sure that developed countries can fully fulfill their commitment to development and financial action. For Mozambique, as one of the countries that is more vulnerable in the world, climate change translates into losses in life, displaced families, destroyed crops, and damaged infrastructures cyclically. The cyclones demonstrate that resilience is now an environmental, economic, and food security, social, and development issue, and increasingly one of peace and security in all the world. We therefore reiterate the need to increase funding for adaptation, facilitate access to climate funds, operationalize the loss and damage mechanisms, and invest in early warning systems and resilient infrastructure. Mozambique remains highly vulnerable to extreme weather events— floods, inundations, cyclones— and we are concerned with the El Niño that might have potential severe impacts in the central and southern parts of the country, especially when it comes to drought, food insecurity, and livelihood. Their preparedness and international cooperation will be essential to mitigate these impacts in a context where humanitarian needs are already facing a severe funding shortfall in the whole world. Mr. President, digital transformation remains or demands the same solidarity that we are talking about, because Africa must not limit itself to supplying the minerals that fuel the world's innovation hubs. We need to have investment in connectivity, computing capacity, scientific research, training of young people in Africa, technology transfer, governance, ethics for AI, in the spirit of partnership that builds capacity and promotes autonomy of our sovereign states.
We now have capable people, institutions, policies that are proudly guiding our national transformation agenda. We must also ask ourselves why we continue to mobilize vital resources to respond to crisis, while investing far less in preventing them. The UN office for Disaster Risk Reduction estimates that every $1 invested in proactive measures, resilient infrastructure or early anticipatory actions saves between 3 to 15 USD in future damages and response costs. Therefore, we cannot remain trapped in a cycle of financing the consequences of the conflict while neglecting the peacebuilding or responding to humanitarian emergencies. While underinvesting in resilience and anticipatory actions. Prevention is more cost effective, it's more humane, and it's more sustainable. Excellencies, ladies and gentlemen. Now El Nino is strengthening and is likely to bring another period of significant climate stress across the world, with disproportionate impact on nations like Somalia. We must learn from what has happened before and be better prepared, not simply respond after the destruction it leaves in in its wake. As a community of nations Mr. President. Excellencies and gentlemen. Somalia is successfully leading on its own national development Our government is implementing the National Transformation Plan, strengthening public financial management, expanding domestic revenue, and investing in the capability of our national institutions.
So can businesses. So can peace processes. And so can this General Assembly. Excellencies, The third great power test is the climate crisis. In many ways, it is the most profound intergenerational power imbalance of all: One generation consuming the future of the next. One group profiting, while those least responsible suffer first and worst. Three years ago in the mountains of Nepal, I sounded the alarm on accelerating glacier melt – warning that the rooftops of the world are caving in. Some dismissed it all as overstating dangers. But – as tragic events have shown – impacts are arriving sooner, hitting harder, and spreading further than many anticipated. Now we face a near certain breach of the 1.5 degree limit, with a supersized El Niño speeding straight for humanity. The dangers are real. But so is the hope. The last decade has fuelled one of the most promising shifts in power of our time. The rise of clean energy. The sun belongs to no one. The wind cannot be embargoed. Innovation can come from everywhere. This is a profound rebalancing of power relations. Renewables are now the cheapest source of new electricity in most of the world. And the most viable path to energy security, independence and sustainable growth. Excellencies, A future beyond fossil fuels is in sight. The question is how. Will it be a just and orderly transition built on international cooperation – or chaotic and costly leaving people and countries behind? Today I call on every government to adopt a national plan to transition away from fossil fuels aligned with 1.5 degrees, with clear timelines and protection for affected workers and communities. We know fossil fuel interests won’t step aside on their own. For decades, Big Oil has treated the atmosphere as an open sewer – and cashed in on the consequences. Since Russia’s invasion of Ukraine, five major Western oil companies have pocketed nearly half a trillion dollars in profits. Compare that with just 34 billion dollars in international public adaptation finance for developing countries in the latest year reported. Meanwhile, everyday people are paying more for energy, food and insurance. We have seen this kind of abuse of power before. When the harms of Big Tobacco became undeniable – governments acted. The climate crisis demands the same determination. Those who polluted the most – and profited the most – must do far more to repair the damage they caused. Polluters must pay. And to the leaders, cities, civil society and citizens working to hold them accountable: You are on the right side of history. Keep going. And governments must keep going on all fronts: To end deforestation. Invest in grids and storage. Cut methane emissions. But these actions are not enough: We need climate justice with a focus on adaptation and finance. Developed countries must respect their commitments. They must triple adaptation finance. And make the Loss and Damage Fund work at scale. We must also ensure that the mining of critical minerals does not dig deeper into the inequities of the past. Producing countries and affected communities must retain a far greater share of the value created from their resources. No more plundering.
Minister Murat Kurum, representing the incoming Cop 31 presidency, has put the challenge plainly the time for simply setting out goals is behind us. Anyone who experienced this summer in Europe and elsewhere knows that it was the hottest on record, and the super El Nino has not even yet hit. The proposed action agenda places methane reduction at the centre of climate implementation, and we welcome that focus. It is true that carbon dioxide must remain central to the global energy transition, but emissions are not falling quickly enough, and the full benefits of action will take time to emerge. So, Mr. President, under Barbados's presidency of the Cvf Climate Vulnerable Forum and its G20 countries, 74 countries got together and advanced the call to pull the methane emergency brake at the G20 Ministerial Dialogue in April of this year. The finance ministers agreed that methane reduction must be treated not only as an environmental priority, but also an economic, fiscal and public health opportunity. We must now implement the climate. Vulnerable countries need to mobilise approximately $490 billion each year by 2030, and yet the current inflows are roughly $90 billion. As a young people in Barbados would say, the math simply ain't math. We must also correct the inequity of the borrowing costs that these countries face. It is almost 1.2 percentage points higher for climate vulnerable countries than for advanced economies. Now that figure seems small to you, but that actually generates an estimated $62 billion more a year in excess interest payments each year.
