Pacific Needs a Voice in International Arbitration

Ms. Christina Pak highlighted the critical role international arbitration can play in attracting international climate finance and investments into the South Pacific region which is acutely vulnerable to climate change impacts. The South Pacific countries face serious threat to their development from climate change and will need significant international climate finance to respond. Ms. Pak noted that in their Nationally Determined Contributions submitted under the Paris Agreement, the South Pacific countries have made their commitments conditional on receiving international financial support. She then provided a snapshot of the various sources of climate finance in the South Pacific and the different financing arrangements available under the public international and private international climate finance regimes and the different types of emerging climate finance disputes.