New Advisory Group Targets Climate Finance That Never Arrives
COP 31 Presidency Events • United NationsNovember 13, 2026
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Small island and least developed nations say the world's climate money is stuck in paperwork instead of reaching their coastlines and mountain communities. On Nov. 13, 2026, the COP31 Presidency responded with a new body rather than a new pledge: an Access to Finance Advisory Group, led by vulnerable countries and designed to feed into the negotiations at Antalya. Ministers pressed for grants over loans, and funders, including the Green Climate Fund, promised faster timelines.
- Access to Finance Advisory Group launched with a seven-country core group. Ireland signed on as an eighth member.
- $5B of $16B pledged to Pacific countries since the Paris Agreement remains undisbursed.
- Fiji, Saint Kitts and Nevis and Nepal demand grants, not debt, for adaptation and loss and damage.
- Green Climate Fund says 40% of its finance, $8.5B, goes to SIDS and LDCs.
The basics: SIDS are small island developing states. LDCs are least developed countries. Both groups emit little but face severe climate exposure. Ruel Yamuna, Special Envoy for Climate and Environment of Papua New Guinea and COP31 Pacific Envoy for Access to Finance, moderated the event.
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