Gordon Brown and Ban Ki-moon are attending the summit in Trinidad
Commonwealth leaders have pledged to back a multi-billion-dollar fund to help developing nations deal with climate change.
The fund, proposed by UK and French leaders at the Commonwealth summit on Friday, would start next year and build to $10bn annually by 2012.
Many Commonwealth members are island states threatened by rising sea levels.
A statement issued on Saturday said leaders welcomed a proposal to disburse aid quickly to those affected.
The Commonwealth's 53 nations comprise nearly two billion people - a third of the planet's population.
The leaders have been meeting days after pledges by the US and China to limit their greenhouse gas emissions, amid concerns that next month's Copenhagen meeting on climate could fail to agree substantial cuts.
Speaking at the summit in Trinidad, UN Secretary General Ban Ki-moon said he believed an agreement was in sight, with recent moves by some countries a positive step to cutting emissions.
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