Prime Minister Mark Brown with Secretary General of United Nations António Guterres, left, and Sheikh Mohammed Bin Zayed Al Nahyan. MFAI/23121712
Cook Islands’ profile on the international stage has never been higher than it is today, says Prime Minister Mark Brown.
in Parliament last week, Brown cited the success of the COP28 climate change meeting
in Dubai and the hosting of the Pacific Islands Forum Leaders Meeting this
key achievements, Brown highlighted the establishment of the Loss and Damage
Fund at COP28 and the implementation of the Pacific Resilience Facility (PRF)
at the Forum.
to Cook Islands News on COP28, the Prime Minister said there were some
highlights from the high-level segment meeting, particularly with the
establishment of the Loss and Damage Fund.
said the Loss and Damage Fund took decades to get any recognition, but with
only half a billion dollars in initial commitments, the bigger concern now
rests on the disbursement mechanisms.
however said he was pleased with the Pacific Resilience Facility which has
received support from the Saudi Arabia to the tune of $50 million.
has now been put out there to the rest of the world during COP28 and we now
look to other countries to also contribute to that one, which is more directly
linked towards the specific needs of Pacific Island countries.”
asked if the Loss and Damage Fund could be channelled through the Pacific
Resilience Facility, Brown said: “We have set it up as a facility for
disbursement of funds. So for our own Pacific Resilience Facility, we can have
it sitting under there. We have some climate mobility financing that we would
look to put under the Pacific Resilience Fund as well, to be dispersed in its
would look at the loss and damage for the Pacific region. We have already made
a financial vehicle for the disbursement of those funds in place so they can
use the PRF to put Loss and Damage Funding into the Pacific countries.”
Parliament, Brown reiterated the PRF’s purpose as a means for Pacific countries
to access climate financing with greater speed and ease. He described Saudi Arabia’s
$50 million contribution, delivered during the Forum hosted in Rarotonga, and
Australia’s subsequent $100 million commitment at COP28.
we are well towards our target of a half billion dollars to help Pacific Island
Countries with resilience building projects in the face of climate change and