Muizzu urges climate finance reform and tangible action in COP31 national statement

President Dr Mohamed Muizzu called for new, additional and grant-based climate finance, reform of the international financial architecture and measurable progress on commitments while delivering the Maldives’ national statement at COP31.

AtollPost Desk
President Dr Mohamed Muizzu speaking at a formal event
President Dr Mohamed Muizzu · Photo: President's Office

President Dr Mohamed Muizzu has called on the international community to honour its climate obligations, reform the international financial architecture and translate political commitments into measurable progress.

Delivering the Maldives’ National Statement at the 31st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31) in Antalya, Türkiye, the President outlined three priorities for collective action: finance, reform and implementation.

On climate finance, he called for funding to be new, additional, predictable and grant-based. He also urged the replenishment of the Green Climate Fund, adequate capitalisation of the Adaptation Fund and sufficient resourcing of the Loss and Damage Fund.

International financial institutions and credit rating agencies must reassess how climate investments are evaluated, recognising resilience as an investment in the collective future rather than a financial liability, the President emphasised.

Highlighting the Maldives’ progress on climate action, he outlined efforts to strengthen food, energy and water security through the strategic use of limited domestic and international resources. He also highlighted the country’s progress in expanding access to climate finance.

The President further highlighted the recent accreditation of the Maldives’ first national direct access entity to the Green Climate Fund, making it the first such accreditation for an Asian Small Island Developing State.

The national statement underscored the need for collective action to deliver results for the most vulnerable countries facing the immediate impacts of climate change.

Related stories