Climate-vulnerable countries pledge South-South cooperation as climate disasters and aid cuts threaten development

CVF-V20 membership grows to 77 nations as Central African Republic, Zambia, and Saint Vincent and the Grenadines join the group
At the Fourth CVF Leaders Meeting, CVF Leaders endorsed the extension of the Barbados Presidency for a further year.

New York City, USAHeads of State and Ministers from 77 of the world’s most climate-vulnerable developing countries met today in New York, where they pledged their commitment to ambitious new initiatives in South-South cooperation to meet the critical challenges of the climate emergency in the context of stuttering investments in climate action, devastating cuts to aid, and pitifully insufficient funding for loss and damage. 

Chaired by Barbados’ Prime Minister and climate champion Mia Mottley, the  Fourth Climate Vulnerable Forum (CVF) Leaders Meeting was held at the United Nations Headquarters on the margins of the 81st Session of the UN General Assembly, and brought together CVF leaders alongside representatives of the G7, G20, development finance institutions (DFIs), the United Nations, and partner organisations.

Ministers noted that even as they brace for the impacts of the current Super El Niño, CVF members have suffered yet another year of record climate disasters, from catastrophic glacial flooding in Nepal to successive flooding in Southeast and South Asia, hurricanes in Carribean, typhoons in the Pacific, and drought across Sub-Saharan Africa. 

“As the most vulnerable countries, we are in the frontline of deadly climate impacts, from stronger hurricanes in my region, the Caribbean to the terrible glacial flooding disaster in Nepal. Moreover, those countries that did most to cause the crisis are backing away from their pledges and historic responsibilities at just the moment we need renewed urgency to try to save the Paris 1.5C limit from imminent breach,” Prime Minister Mottley said. 

She added that it was highly encouraging to see so many CVF members in the forefront of the clean electrotech revolution. “We can wait for the transition to arrive, or we can accelerate its arrival and build the systems, institutions, and markets and thus shape our own transformation early, while making it durable. Electrotech is what gets us to Climate Prosperity,” said Prime Minister Mottley. 

CVF nations also pledged to scale up South-South cooperation, beginning implementation of the Vulnerability to Viability compact, which brings in longer-term financing to support water, education and health infrastructure in member countries. Ministers and heads of government also welcomed the new capital mobilisation team to speed up the financing and implementation of Climate Prosperity Plans, of which 9 have been completed already with 16 more underway. 

In the meeting, the Prime Minister welcomed the Central African Republic, the Republic of Zambia, and Saint Vincent and the Grenadines as the newest members of the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20). “Each country that joins this table strengthens our collective voice. It makes our common cause more difficult to dismiss,” she said. 

The CVF Leaders Declaration at the close of the meeting set out the following calls:

  • Affordable, faster, and organized capital through the V2V Compact. CVF Leaders are advancing the Vulnerability to Viability (V2V) Compact with 16 Development Finance Institutions to date. Led by the Barbados Government and the OPEC Fund for International Development, the V2V Compact was created to channel more affordable, longer-tenor finance to countries that contribute least to global emissions yet face some of the greatest climate challenges. The Compact is focused on water, education and health, combining affordable financing, private capital mobilization and shock-responsive tools to help countries protect essential services before, during and after crises. 
  • USD 1.3 trillion a year in climate finance by 2035. CVF Leaders demanded urgent delivery of the New Collective Quantified Goal, including USD 300 billion per year by 2035, led by developed countries.
  • Sustaining the energy transition. CVF Leaders committed to fast-tracking clean electrotech, whose costs have fallen by up to 95 percent, to build local jobs and cut into a combined fossil fuel import bill of at least US$155 billion a year, which drains foreign exchange and fuels inflationary pressure on households and businesses across economies. 
  • Climate science must be defended. CVF Leaders called defunding climate science “reckless and dangerous,” demanding IPCC reports be delivered on time for UNFCCC negotiations and universal early warning coverage by 2027, while allocating greater global public finance for more granular scientific guidance. 
  • A seat at the table. CVF Leaders reiterated their invitation to the international community to support the attainment of Observer status for the CVF-V20 at the United Nations and its recognition as an intergovernmental group at the IMF and World Bank, ensuring the voice of the most climate-vulnerable nations are heard where decisions affecting them are made.

To carry this agenda forward, in particular the realization of the Lifeline Fund, the CVF Leaders endorsed the extension of the Barbados Presidency for a further year. “Barbados humbly accepts the call to continue its Presidency. Service to the climate-vulnerable is not a term we count, but a duty we carry,” said Prime Minister Mottley. 

The CVF Leaders welcomed H.E. Carlos Alvarado Quesada, former President of Costa Rica, who will assume the post of the second Secretary-General of the CVF-V20 by January 2027. In a statement following the meeting, former President Alvarado said: “I am deeply honored to take on the responsibility of serving as the next Secretary-General of the CVF-V20. I will work to mobilize accessible, affordable, and reliable resources and solutions for CVF-V20 countries.” 

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About CVF-V20

The CVF-V20 now represents 77 member countries from small island developing states (SIDS), least developed countries (LDCs), low to middle-income countries (LMICs), landlocked developing countries (LLDCs), and fragile and conflict-affected states (FCS). Working together, the CVF-V20 aims to achieve climate justice through the realization of Climate Prosperity Plans, which contain ambitious economic and financial resilience strategies designed to attract investment and resources that advance the attainment of the Sustainable Development Goals (SDGs), 30×30 Global Biodiversity, and help keep the average global temperature within the Paris Agreement’s 1.5°C safety threshold.

CVF-V20 Membership

Africa: Benin, Burkina Faso, Cabo Verde, Central African Republic, Chad, Comoros, Côte d’Ivoire, Democratic Republic of the Congo, Eswatini, Ethiopia, Gabon, The Gambia, Ghana (Troika), Guinea, Kenya, Liberia, Madagascar, Malawi, Morocco, Mozambique, Namibia, Niger, Rwanda, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia

Asia: Afghanistan, Bangladesh (Troika), Bhutan, Cambodia, Jordan, Kyrgyzstan, Lebanon, Maldives, Mongolia, Nepal, Pakistan, Palestine, Philippines, Sri Lanka, Timor-Leste, Vietnam, Yemen

Caribbean: Barbados (Chair/Troika), Dominica, Dominican Republic, Grenada, Guyana, Haiti, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago

Latin America: Colombia, Costa Rica, Guatemala, Honduras, Nicaragua, Paraguay

Pacific: Fiji, Kiribati, Marshall Islands, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu

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