Vulnerable 20 "V20" Group Founded - 20 countries most vulnerable to climate change

Finance Ministers of the Vulnerable Twenty (V20), representing close to 700 million people threatened by climate change and spanning world regions, held their inaugural meeting on 8 October 2015 in Lima, Peru. They announced a series of actions to foster greater investment in climate resiliency and low emissions development at home and internationally.

In its first statement the group called the response to climate change a “foremost humanitarian priority”, with the V20 committing to act collectively to “foster a significant increase” of public and private finance for climate action from wide-ranging sources, including international, regional and domestic mobilization.

You can read here about the creation of the new group "V20" of the 20 countries most vulnerable to climate change. 

The communiqué of the V20: with twenty Ministers of Finance agreeing on financial mechanisms to foster greater investment in climate resiliency, can be read here.

This initiative is directly related to the Climate Vulnerable Forum (CVF) work and its Trust Find (CVTF) based in UNDP.

Migration is one of the six priority actions of CVF's programme of work and IOM has joined the CVF Trust Fund in 2014 to develop common activities on capacity building on migration and climate change for countries most vulnerable to climate change.

The finance misters communiqué mentions:

"sea level rise that will partially or completely submerge the island nations of Kiribati, Maldives, and Tuvalu, displacing at least 500,000 people;

 (...) the displacement of up to 40 million people due to the inundation of low elevation land resulting from climate change driven sea-level rise"

This acknowledgement is an advance towards funding being committed to CVTF and devoted to migration  activities, in partnership with IOM.