Fiji, Oct. 7 -- Pacific Island countries are facing a climate finance crisis, with current adaptation finance covering only 26 percent of their projected annual needs, Asian Development Bank (ADB) President Masato Kanda told Pacific leaders Tuesday.

Kanda said Pacific island states were not responsible for the climate crisis but were bearing some of its most serious impacts, while having to navigate complex financing requirements to access the resources needed to respond.

"Pacific island states are not responsible for their plight, yet their very survival is at stake.

"That is the injustice of impact and this is the injustice of finance," Kanda said at the Pacific PreCOP31 plenary in Denarau.

Kanda spoke after spending a day and a hal...