VP Naseem seeks int'l support to realize Climate Prosperity Plan

Vice President Faisal Naseem has sought the support and assistance of the international community for the Maldives to realize the goals outlined in its Climate Prosperity Plan (CPP).

He made this remark in his keynote address at the Climate Vulnerable Forum (CVF) and Vulnerable Group of 20 (V20) event held on the sidelines of the United Nations Climate Change Conference (COP27).

As such, VP Naseem shed light on the threats and drastic impacts of climate change on the Maldives and other climate-vulnerable nations and stressed that the exposure of countries to the slow onset of climate threats was bound to amplify due to insufficient action from the international community.

Shedding light on the CPPs of Maldives, VP Naseem noted that they serve as investment instruments and as plans for raising the funds required for ambitious climate action.

Noting that the prosperity plan is about turning this challenge into an opportunity for growth, health, and development, VP Naseem stated that the CPP of Maldives details a strategy to manage sea level rise and not only preserve but also rebound biodiversity, including the highly threatened coral reefs of the Maldives.

The vice president went on to note that the CPP would help the Maldives progress on an integrated energy system to amplify the renewable energy transition in the country, at a swift speed.

Adding that a successful transition to a prosperity pathway would call for a full-economy strategy that includes the contributions of all stakeholders, VP Naseem announced that the archipelago nation anticipates the completion of its CPP in the coming months.

He shed light on the necessity for complete cooperation and the full concessional finance envelope to make this happen.