AGP Executive Report
Last update: 6 hours agoClimate Finance: COP31 president-designate Murat Kurum says wealthy countries should spend far more on climate action than defence, but stopped short of backing a renewed pledge to move away from fossil fuels. Australia and Türkiye plan a draft summit decision to speed action and keep the 1.5°C goal within reach. Pacific Priorities: The Pacific Pre-COP ended with the Taku Pakasoa Declaration urging faster emissions cuts, stronger climate finance and protection for island communities. Leaders say funding must reach people sooner; Tuvalu Prime Minister Feleti Teo warns delays can cost lives as coastal flooding, rising seas and drought threaten homes and infrastructure. Tuvalu Resilience: Papua New Guinea pledged K25 million for Tuvalu’s land-reclamation work, while the Pacific Resilience Facility remains US$320 million short of its US$500 million target. Tuvalu’s coastal adaptation project drew visiting leaders to Funafuti, where communities are already confronting the impacts the declaration seeks to address.
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