Developing countries ask for climate finance ahead of COP26 – .

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Developing countries ask for climate finance ahead of COP26 – .


Paris (AFP)

The nations most vulnerable to the impacts of global warming on Thursday called on rich countries to keep their pledge to finance the fight against climate change, ahead of a crucial UN summit.

Highlighting a “worrying lack of urgency” at recent G7 and G20 summits, dozens of countries said COP26 talks in Glasgow later this year should bring aid to communities already affected by conditions. extreme weather related to climate.

With growing warnings from scientists and climate change gaining international attention, the pressure on delegates to achieve meaningful results is enormous.

Equally daunting is the list of things to do in Glasgow.

In addition to finalizing the regulation implementing the 2015 Paris Agreement, countries should also deliver on their 2009 pledge to give climate-vulnerable countries $ 100 billion per year to reduce their emissions and adapt to climate impacts. .

“At least $ 100 billion a year has been pledged by 2020 with increased annual sums from 2025,” the countries wrote in their five-point plan for COP26.

These include Kenya, Ethiopia, Gabon, Somalia, Philippines, Bhutan, Tanzania and Bolivia.

“However, this target has been missed and needs to be urgently corrected if developing countries can trust richer countries at COP26 to stick to what they are negotiating. “

They also called for at least 50% of funds to be allocated for future climate adaptation, as well as a separate allocation for “loss and damage” already inflicted on poorer countries by historic emissions from rich economies.

Paris Agreement saw countries pledge to limit global temperature rise to “well below” two degrees Celsius (3.6 Farenheit) above pre-industrial levels through sweeping emissions reductions .

The agreement also aims for a more ambitious temperature cap of 1.5 ° C.

But six years after signing the agreement, several issues remain unresolved.

These include how carbon markets are governed and how climate finance is accounted for and reported.

The plan, formulated with government ministers, negotiators and climate activists from countries in Africa and Southeast Asia, called on richer countries to do their “fair share” of emission reductions. .

This would include the historic polluters rapidly decarbonizing their economies and paying the poorest nations – those least responsible for the climate crisis – to do the same.

– ‘Failure to keep promises’ –

Developing countries have said wealthy issuers must also agree on the final details of the Paris settlement as a matter of priority.

“The lack of promises in these key areas of finance, adaptation and loss and damage is unacceptable,” said Fekadu Beyene of the Ethiopia Commission for Environment, Forests and Climate Change.

“What’s the point of agreeing on a new set of promises if we don’t keep them?” ”

Mohamed Adow, director of the Nairobi-based energy and climate think tank, Power Shift Africa, said the countries’ five-point plan had “kicked off” the COP26 negotiations.

“These elements are necessary if we are to meet the challenges of global warming and its devastating climatic consequences,” he said.

The UN says emissions must fall by more than 7% each year by 2030 in order to keep the Paris temperature target at 1.5 ° C.

Although Covid-19 lockdowns and travel restrictions have caused emissions to drop in 2020, global warming CO2 concentrations continue to rise more and more.

Climate Action Network executive director Tasneem Essop said COP26 was an unprecedented test of the willingness of world leaders to face the crisis.

“The COP26 will be both a moral and a practical test which will define the legacy of political leaders: to earn them a badge of honor for having guided the world through this critical period, or to be ashamed to be complicit in our disappearance. . “

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