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Small Island Developing States call for a new climate financing regime that does not aggravate their debt burden.
The Small Island Developing States (SIDS) are a grouping of developing countries which are small island countries and small states that tend to share similar sustainable development challenges. These include small but growing populations, limited resources, remoteness, susceptibility to natural disasters, vulnerability to external shocks, excessive dependence on international trade, and fragile environments. Their growth and development are also held back by high communication, energy and transportation costs, irregular international transport volumes, disproportionately expensive public administration and infrastructure due to their small size, and little to no opportunity to create economies of scale. They consist of some of the most vulnerable countries to anthropogenic climate change.
Small Island Developing States call for a new climate financing regime that does not aggravate their debt burden.