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Why COP28 was a critical conference for small island states

Patricia Crifo
Patricia Crifo
Professor of Economics at Ecole Polytechnique (IP Paris)
Stefano Dall’Aglio
Stefano Dall'Aglio
Masters student in "Economics of smart cities and climate policies" at École Polytechnique (IP Paris)
Key takeaways
  • At COP28, the discussions focused on Small Island Developing States (SIDS), which are bearing the brunt of climate change.
  • These territories are particularly exposed to rising sea levels, multiple droughts and extreme weather events that affect their populations and economies.
  • According to the IPCC, in the scenario of a 2.5°C rise in temperature, sea levels are expected to rise by around 58 cm by 2100, impacting nearly 430 million people.
  • At the end of COP28, a monetary fund took shape, committing many countries to invest in the ecological transition and adaptation to climate change in order to mitigate its effects in developing countries.
  • The conference also devoted part of the negotiations to the adoption of a “strengthened transparency framework” for the climate strategies of developed countries.

The recent 28th Confe­rence of Par­ties (COP28) held in Dubai had a strong focus on Small Island Deve­lo­ping States. These are many small sove­rei­gn enti­ties, pre­do­mi­nant­ly loca­ted in the Carib­bean and the Paci­fic, who are cur­rent­ly expe­rien­cing first-hand dra­ma­tic changes brought along by cli­mate change. The shift in focus to these regions has been sprung by rising awa­re­ness towards the increa­sing fre­quen­cy of extra­or­di­na­ry cli­mate events that have hit many small island deve­lo­ping states throu­ghout the last decade.

In 2017 alone, 22 out of the 29 Carib­bean Islands were affec­ted by Tro­pi­cal Cyclone Maria, which cau­sed consi­de­rable damage to their socie­ties and eco­no­mies. Ear­lier this year, two cate­go­ry 4 cyclones hit Vanua­tu in less than 24 hours, cau­sing irre­me­diable damage1. The situa­tion is made even worse by the fact that these are par­ti­cu­lar­ly fra­gile states as they are loca­ted in ter­ri­to­ries that under six metres above sea-level and more than 50% of their infra­struc­ture concen­tra­ted in in the near proxi­mi­ty of the coast (less than 500 meters)2.

Over the two weeks dedi­ca­ted to the event, the COP28 tack­led the issues of cli­mate adap­ta­tion and miti­ga­tion within these par­ti­cu­lar­ly chal­len­ging zones, also dedi­ca­ting part of the nego­tia­tions to the adop­tion of an enhan­ced trans­pa­ren­cy fra­me­work for their cli­mate strategies.

Climate Adaptation

The threat of sea level rise, toge­ther with the increa­sing fre­quen­cy of droughts and extreme wea­ther events such as cyclones and typhoons, cause not only a reduc­tion in the ter­ri­to­ry avai­lable to the popu­la­tion, but also in the ter­ri­to­ry sui­table for land culti­va­tion. This ulti­ma­te­ly gene­rates both a pro­blem of cli­mate mobi­li­ty and dis­pla­ce­ment, whe­re­by people are for­ced out of their homes because of the hos­ti­li­ty of their ter­ri­to­ry, and a pro­blem of eco­no­mic depen­dence on imports from deve­lo­ped coun­tries. Fore­casts do not appear par­ti­cu­lar­ly rosy. In fact, accor­ding to the 2022 IPCC report, under the sce­na­rio of a 2.5°C tem­pe­ra­ture increase, sea level is expec­ted to increase by approxi­ma­te­ly 58 cm by 2100, cau­sing a nega­tive impact on approxi­ma­te­ly 430 mil­lion people. 

Poo­rer coun­tries bear most of the loss and damage cau­sed by cli­mate change – which is esti­ma­ted to exceed $150bn per year –, and they often do so through unsus­tai­nable debt3. As a glo­bal res­ponse to the claims for an increa­sed accoun­ta­bi­li­ty fra­me­work for high­ly emit­ting indus­trial stra­te­gies, the Loss and Damage Fund – whose name was har­sh­ly oppo­sed by the Uni­ted States at COP 284 – was agreed upon in 2022 but is now taking form. Many coun­tries have agreed to contri­bute to it, name­ly France, Ita­ly, and the UAE, having pro­mi­sed $100 mil­lion each, making the total amount pled­ged during the confe­rence rise to $770 mil­lion, of which around $115 mil­lion will be employed to set the fund up at the World Bank. The remain­der will be used to invest pri­ma­ri­ly in cli­mate adap­ta­tion and miti­ga­tion in SIDS5.

This money will, howe­ver, be able to cover only 0.2% of the needs of small island deve­lo­ping states, which range from the invest­ment in adap­ta­tion tech­no­lo­gies (that need to be adop­ted to prevent the phy­si­cal disap­pea­rance of these ter­ri­to­ries) to the need to invest in their ener­gy tran­si­tion. The lat­ter is inten­ded both as a tool for them to contri­bute to the glo­bal fos­sil fuel phase out and to detach them­selves from inter­na­tio­nal ener­gy imports. 

Climate Mitigation

COP28 has also dealt with the pro­blem of cli­mate miti­ga­tion in SIDS. “Rene­wables is the gift that keeps on giving,” men­tio­ned Anto­nio Gutierres, Secre­ta­ry Gene­ral of the UN, at the begin­ning of the confe­rence to high­light the impor­tance of stri­ving once again for a gree­ner, more sus­tai­nable future away from fos­sil fuels. Decem­ber 5th was the day dedi­ca­ted to the topic of just tran­si­tion, i.e. the pro­cess of accoun­ting for the need to gene­rate decent work and qua­li­ty jobs in the gra­dual decar­bo­ni­sa­tion of the eco­no­my, as sta­ted by the preamble of the Paris Agree­ment (2015)6. Among the many events, a confe­rence on the sus­tai­nable ener­gy tran­si­tion of small island deve­lo­ping states was held, which repre­sen­ted a plat­form for many SIDS’ glo­bal lea­ders to share the expe­rience of their countries. 

The suc­cess sto­ries of Bar­ba­dos and Sey­chelles are not repre­sen­ta­tive of the broa­der situa­tion of SIDS.

Doc­tor Sena­tor Shan­tal Mun­ro Knight, Minis­ter in the Office of the Prime Minis­ter of Bar­ba­dos, inter­ve­ned to show­case the fore­run­ner role of her coun­try in the just tran­si­tion of SIDS. Bar­ba­dos is indeed stri­ving for a net zero tar­get by 2035, making it the first small island deve­lo­ping state to be able to achieve this pro­jec­ted objec­tive. On the same wave­length is the state of Sey­chelles, where wind and solar power represent a great oppor­tu­ni­ty for a sus­tai­nable ener­gy tran­si­tion. As Fla­vien Jou­bert, Minis­ter of Agri­cul­ture, Cli­mate Change and Envi­ron­ment of Sey­chelles, announ­ced, the coun­try has pro­du­ced around 22 MW of wind power in the last decade, a thre­shold that has enabled it to achieve its 5% rene­wable ener­gy tar­get by 2020. He also decla­red that the coun­try is now tar­ge­ting a 100% rene­wable ener­gy port­fo­lio by 2050, a goal whose rele­vance has been sta­ted by the IPCC for glo­bal mean tem­pe­ra­tures to be contai­ned within a 1.5°C rise. 

Howe­ver, the suc­cess sto­ries of Bar­ba­dos and Sey­chelles are not repre­sen­ta­tive of the broa­der situa­tion of SIDS. Tran­si­tio­ning towards rene­wable ener­gy sources calls for very large, almost pro­hi­bi­tive, invest­ments. Vince Hen­der­son, minis­ter of forei­gn affairs, inter­na­tio­nal busi­ness, trade and ener­gy of Domi­ni­ca, repor­ted that his coun­try is about to sign an agree­ment with Ormat Tech­no­lo­gies for a pro­ject invol­ving the deve­lop­ment of a geo­ther­mal power plant with an ini­tial pro­duc­tion capa­ci­ty of 10 MW, with the ulti­mate goal of tran­si­tio­ning towards green hydro­gen7. He men­tio­ned that rea­ching the agree­ment was “a tre­men­dous struggle” and accu­sed deve­lo­ped coun­tries of having pro­vi­ded insuf­fi­cient finan­cial mecha­nisms to sup­port SIDS in power pur­chase agree­ments and conclu­ded his inter­ven­tion at the SIDS’ ener­gy tran­si­tion panel by saying : “We need to ask our­selves why us, the SIDS, sho­wing more com­mit­ment than the others, haven’t been able to turn com­mit­ment into real action”. 

Invest­ments need not only to be flo­wing in, but they must com­ply with the spe­ci­fic equi­ty and acces­si­bi­li­ty requi­re­ments of the indi­vi­dual states : “It’s neces­sa­ry to make sure that emergent tech­no­lo­gies and finan­cial ins­tru­ments are fit for the pur­poses of the spe­ci­fic islands,”  conclu­ded sena­tor Shan­tal Mun­ro Knight when dis­cus­sing the hard­ships that SIDS face in ope­ra­tio­na­li­sing capi­tal that flows in. 

During a confe­rence held on Decem­ber 4th at the U.S. pavi­lion on the topic of cli­mate finance stra­te­gies for SIDS (U.S. Depart­ment of State, 2023), Mia Mot­tley, the Prime Minis­ter of Bar­ba­dos, explai­ned how the finan­cial under pro­vi­sion that SIDS are facing goes hand in hand with the rising cli­ma­tic uncer­tain­ty that they are wit­nes­sing, which increases the risk coef­fi­cients of any type of invest­ment. She insis­ted that in the like­ly event of a wor­se­ning of cli­mate condi­tions, the tip­ping point for SIDS would be to become “com­ple­te­ly unin­su­rable and un-inves­tible”. This would gene­rate a finan­cial insuf­fi­cien­cy loop that would endan­ger the eco­no­mic and ener­ge­tic auto­no­my of these states.

“Small island deve­lo­ping states : a just and equi­table ener­gy tran­si­tion towards a cli­mate-resi­lient future” (Al-Wahi Theatre, 5th Decem­ber 2024).

Within the goal of sup­por­ting the just tran­si­tion of SIDS and de-ris­king cli­mate finance, it is impor­tant to high­light the com­mit­ment of IRENA (Inter­na­tio­nal Rene­wable Ener­gy Agen­cy), that has laun­ched the SIDS Ligh­thouse Ini­tia­tive in 2014, a com­pre­hen­sive action fra­me­work aimed at gene­ra­ting finan­cial sup­port from more than 80 part­ners. The LHI has also esta­bli­shed the ETAF (Ener­gy Tran­si­tion Acce­le­ra­ting Finance Plat­form) a finan­cing plat­form which has rea­ched a pledge of $1bn alrea­dy, still howe­ver fal­ling short of the esti­ma­ted $200bn nee­ded to cover the cli­mate needs of these deve­lo­ping coun­tries by 20258. In the eyes of Fran­ces­co La Came­ra, Direc­tor Gene­ral of the agen­cy, honou­red with the ope­ning remarks to the panel dis­cus­sion of Decem­ber 5th, it is vital that more inves­tors and small island states join the part­ner­ship, to create a net­work of mutual trust and accoun­ta­bi­li­ty that reduces risks for inves­tors and makes the coun­tries a safer and more reliable invest­ment target. 

Enhanced Transparency Framework

SIDS are to be consi­de­red an example in lea­ding towards a gree­ner ener­gy eco­no­my. Under article 13, the Paris Agree­ment over­saw the deci­sion of adop­ting an Enhan­ced Trans­pa­ren­cy Fra­me­work for tra­cking and repor­ting natio­nal green­house gas emis­sions and have a clo­ser look at Natio­nal­ly Deter­mi­ned Contri­bu­tions9. While the repor­ting tools have been pro­du­ced and tes­ted, but not yet ope­ra­tio­na­li­sed. Indeed, they are pre­dic­ted to become ope­ra­tio­nal by June 2024. Many deve­lo­ping coun­tries have alrea­dy begun revie­wing their trans­pa­ren­cy fra­me­work under the assis­tance of the Ini­tia­tive for Cli­mate Action Trans­pa­ren­cy (ICAT) and the Green­house Gas Mana­ge­ment Ins­ti­tute (GHGMI).

Within its mis­sion, the ICAT has sup­por­ted many SIDS (such as Mal­dives, Fiji or Tri­ni­dad and Toba­go) in buil­ding sec­to­ral (or eco­no­my-wise) mea­su­re­ment fra­me­works, and tools to deve­lop emis­sion fore­casts and pro­jec­tions and track cli­mate finance. During a confe­rence held on Decem­ber 1st and hos­ted by the UNFCCC and ICAT, some of the expe­riences of SIDS were sha­red (ICAT, 2023). Aaliyah Tuitt, the Tech­ni­cal Data Offi­cer from Anti­gua and Bar­bu­da’s Depart­ment of Envi­ron­ment, out­li­ned the nation’s stra­te­gy of trans­pa­ren­cy to bol­ster cli­mate ini­tia­tives in trans­por­ta­tion. This approach – hea­vi­ly relying on the col­lec­tion of data from mobi­li­ty users – will prove pivo­tal in faci­li­ta­ting a smooth shift towards elec­tric vehicles, whose sale is expec­ted to reach 100% of mar­ket sales by 2030. 

Simi­lar­ly, Dee­pi­ti­ka Chand from Fiji’s Cli­mate Change Divi­sion in the Prime Minister’s office illus­tra­ted how the nation uti­li­zed trans­pa­ren­cy fra­me­works to assess the influence of agri­cul­ture on green­house gas emis­sions. By doing so, the natio­nal admi­nis­tra­tion gai­ned dee­per insights into its emis­sion pat­terns and the spe­ci­fic requi­re­ments of the agri­cul­tu­ral sec­tor, paving the way for tar­ge­ted poli­cy deci­sions which will be able to gua­ran­tee food secu­ri­ty, enhance pro­duc­tion qua­li­ty, and fos­ter resi­lient, gen­der-inclu­sive food systems.

COP28 revea­led an ope­ra­tio­nal delay dis­played by most deve­lo­ped coun­tries, who have fai­led to achieve a suf­fi­cient­ly green ener­gy portfolio.

Mol­ly White, senior direc­tor at the GHGMI, prai­sed the panel­lists for the impor­tant contri­bu­tions of their coun­tries, par­ti­cu­lar­ly high­ligh­ting their open­ness to this inno­va­tive tra­cking stra­te­gy. She also empha­si­zed the impor­tance of the lear­ning pro­cess deri­ved from this enhan­ced trans­pa­ren­cy mode of ope­ra­tion : she men­tio­ned the dif­fi­cul­ty of inte­gra­ting sec­to­ral plan­ning into eco­no­my-wide cli­mate tar­get set­ting, to be able to have a clo­ser look at the macroe­co­no­mic per­for­mance of a coun­try in rela­tion to its cli­mate stra­te­gy. When, asked how deve­lo­ped coun­tries could learn the les­son of deve­lo­ping ones, she men­tio­ned that this would represent the grea­test chal­lenge for the future, given that signi­fi­cant hurdles would be encoun­te­red in sca­ling up this inte­gra­ted eco­no­mic fra­me­work of ana­ly­sis, due to the tra­cka­bi­li­ty issues and the broa­der set of eco­no­mic acti­vi­ties that deve­lo­ped coun­tries are invol­ved in.

To sum up

By the end of the two weeks dedi­ca­ted to the event, the out­comes of the first glo­bal stock­take at COP28 revea­led an ope­ra­tio­nal delay dis­played by most deve­lo­ped coun­tries, who have fai­led to ful­fil their NDCs and achieve a suf­fi­cient­ly green ener­gy port­fo­lio to remain in line with a 1.5°C mean tem­pe­ra­ture rise goal. The pledges made to the Loss and Damage Fund by many high­ly emit­ting coun­tries reflect the public awa­re­ness of the imba­lance in emis­sions obser­ved among dif­ferent states. This, des­pite laying the foun­da­tions for a more inten­sive invest­ment in both cli­mate miti­ga­tion and adap­ta­tion in SIDS, does not delay the need of deve­lo­ped coun­tries to speed up fos­sil phase out in an attempt to prevent small island states from disappearing. 

The esta­blish­ment of the enhan­ced trans­pa­ren­cy fra­me­work will contri­bute to gua­ran­tee higher cla­ri­ty on the decar­bo­ni­sa­tion stra­te­gies of many of the most emit­ting coun­tries, who are now more than ever requi­red to take effec­tive action. “Although we are not res­pon­sible, we are facing coun­try-wise des­truc­tion”: these were the clo­sing remarks to the Decem­ber 5th confe­rence of Kon­ris May­nard, minis­ter of public infra­struc­ture in St. Kitts and Nevis, a small Carib­bean insu­lar state where elec­tri­ci­ty can­not be pro­vi­ded 24 hours a day. “We are loo­king for part­ner­ship, not sym­pa­thy,” he added. 

As we now approach COP29 in Baku, signi­fi­cant atten­tion will be focu­sed on the ope­ra­tio­na­li­za­tion of funds and the com­mit­ment of pro­minent states to sup­port Small Island Deve­lo­ping States in their fight for sur­vi­val. The topics of dis­cus­sion will also reflect the out­come of the 4th Inter­na­tio­nal Confe­rence on Small Island Deve­lo­ping States, which will be held in Anti­gua and Bar­bu­da in May 2024, and will deve­lop a 10-year action pro­gram for SIDS, with concrete tar­gets requi­red to sup­port them in their sus­tai­nable deve­lop­ment objec­tives10.

1Al Jazee­ra (2023) State of emer­gen­cy decla­red as two cyclones hit Vanua­tu in 24 Hrs, Al Jazee­ra. Avai­lable at : https://​www​.alja​zee​ra​.com/​n​e​w​s​/​2​0​2​3​/​3​/​4​/​s​t​a​t​e​-​o​f​-​e​m​e​r​g​e​n​c​y​-​d​e​c​l​a​r​e​d​-​i​n​-​v​a​n​u​a​t​u​-​a​s​-​s​e​c​o​n​d​-​c​y​c​l​o​n​e​-hits.
2IPCC report, 2022. Chap­ter 15 : Small islands (2023) IPCC. Avai­lable at : https://​www​.ipcc​.ch/​r​e​p​o​r​t​/​a​r​6​/​w​g​2​/​c​h​a​p​t​e​r​/​c​h​a​p​t​e​r-15/ .
3’Stan­ding in soli­da­ri­ty with those on the front lines of the cli­mate cri­sis : A loss and damage package for COP 28.’ (2023) UUSC (Uni­ta­rian Uni­ver­sa­list Ser­vice Com­mit­tee) [Pre­print]. Avai­lable at : https://assets-global.website-files.com/605869242b205050a0579e87/655b50e163c953059360564d_L%26DC_L%26D_Package_for_COP28_20112023_1227.pdf.
4Igoe, M. (2023) What’s in a name ? US seeks to rebrand cli­mate ‘loss and Damage’ Fund, Devex News. Avai­lable at : https://​www​.devex​.com/​n​e​w​s​/​w​h​a​t​-​s​-​i​n​-​a​-​n​a​m​e​-​u​s​-​s​e​e​k​s​-​t​o​-​r​e​b​r​a​n​d​-​c​l​i​m​a​t​e​-​l​o​s​s​-​a​n​d​-​d​a​m​a​g​e​-​f​u​n​d​-​1​06758.
5Car­bon Brief (2023) COP28 : Key out­comes agreed at the UN Cli­mate Talks in Dubai, Car­bon Brief. Avai­lable at : https://www.carbonbrief.org/cop28-key-outcomes-agreed-at-the-un-climate-talks-in-dubai/#:~:text=Nearly%20every%20country%20in%20the,years%20of%20international%20climate%20negotiations .
6Small island deve­lo­ping states just ener­gy tran­si­tion – COP28 UAE (2023) COP28 UAE. Avai­lable at : https://​www​.cop28​.com/​e​n​/​s​c​h​e​d​u​l​e​/​s​m​a​l​l​-​i​s​l​a​n​d​-​d​e​v​e​l​o​p​i​n​g​-​s​t​a​t​e​s​-​a​-​j​u​s​t​-​a​n​d​-​e​q​u​i​t​a​b​l​e​-​e​n​e​r​g​y​-​t​r​a​n​s​i​t​i​o​n​-​t​o​w​a​r​d​s​-​a​-​c​l​i​m​a​t​e​-​r​e​s​i​lient.
7Domi­ni­ca offi­cial­ly signs Geo­ther­mal Power Plant Deal | CS Glo­bal Part­ners Limi­ted. (2023). CS Glo­bal Part­ners Limi­ted. https://​csglo​bal​part​ners​.com/​n​e​w​s​-​d​o​m​i​n​i​c​a​-​o​f​f​i​c​i​a​l​l​y​-​s​i​g​n​s​-​g​e​o​t​h​e​r​m​a​l​-​p​o​w​e​r​-​p​l​a​n​t​-​deal/
8Island Nations Launch New Decla­ra­tion at AOSIS Lea­ders Mee­ting – AOSIS. (2023). AOSIS – Alliance of Small Island Stateshttps://​www​.aosis​.org/​i​s​l​a​n​d​-​n​a​t​i​o​n​s​-​l​a​u​n​c​h​-​n​e​w​-​d​e​c​l​a​r​a​t​i​o​n​-​a​t​-​a​o​s​i​s​-​l​e​a​d​e​r​s​-​m​e​e​ting/
9COP28 Agree­ment Signals “Begin­ning of the End” of the Fos­sil Fuel Era (2023) UNFCCC. Avai­lable at : https://​unfccc​.int/​n​e​w​s​/​c​o​p​2​8​-​a​g​r​e​e​m​e​n​t​-​s​i​g​n​a​l​s​-​b​e​g​i​n​n​i​n​g​-​o​f​-​t​h​e​-​e​n​d​-​o​f​-​t​h​e​-​f​o​s​s​i​l​-​f​u​e​l-era .
104th Inter­na­tio­nal Confe­rence on Small Island Deve­lo­ping States (SIDS4) (2023) IOE. Avai­lable at : https://www.ioe-emp.org/events/event/4th-international-conference-on-small-island-developing-states-sids4#:~:text=IOE%20members%20from%20Small%20Island,the%20Course%20Toward%20Resilient%20Prosperity%22 .

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