Current:Home > StocksDeveloping nations suffering from climate change will demand financial help-LoTradeCoin
Developing nations suffering from climate change will demand financial help
View Date:2024-12-23 21:26:58
NAIROBI, Kenya — The chairperson of an influential negotiating bloc in the upcoming United Nations climate summit in Egypt has called for compensation for poorer countries suffering from climate change to be high up on the agenda.
Madeleine Diouf Sarr, who chairs the Least Developed Countries group, told The Associated Press that the November conference — known as COP27 — should "capture the voice and needs of the most climate-vulnerable nations and deliver climate justice."
Sarr said the group would like to see "an agreement to establish a dedicated financial facility" that pays nations that are already facing the effects of climate change at the summit.
The LDC group, comprised of 46 nations that make up just a small fraction of global emissions, negotiates as a bloc at the U.N. summit to champion the interests of developing countries. Issues such as who pays for poorer nations to transition to cleaner energy, making sure no communities get left behind in an energy transition and boosting how well vulnerable people can adapt to climate change have long been on the bloc's agenda.
Developing nations still face serious challenges accessing clean energy finance, with Africa attracting just 2% of the total clean energy investment in the last 20 years, according to the International Renewable Energy Agency. The U.N. weather agency recently estimated that global clean energy supplies must double by 2030 for the world to limit global warming within the set targets.
Sarr added that the bloc will push for funds to help developing countries adapt to droughts, floods and other climate-related events as well as urging developed nations to speed up their plans to reduce emissions. The group is particularly vulnerable to climate change because of their lack of ability to adapt to extremes, the U.N. weather agency said.
"We have delayed climate action for too long," Sarr said, pointing to the promised $100 billion a year in climate aid for poorer countries that was pledged over a decade ago.
"We can no longer afford to have a COP that is 'all talk.' The climate crisis has pushed our adaptation limits, resulted in inevitable loss and damage, and delayed our much-needed development," added Sarr.
The COP27 President also said this year's summit should be about implementing plans and pledges that countries have agreed to at previous conferences.
Sarr defended the U.N. conference as "one of the few spaces where our nations come together to hold countries accountable for historical responsibility" and pointed to the success of the 2015 conference in Paris in setting the goal of limiting warming to 1.5 degrees C (2.7 F).
veryGood! (5)
Related
- Mandy Moore Captures the Holiday Vibe With These No Brainer Gifts & Stocking Stuffer Must-Haves
- Russian woman goes on trial in a cafe bombing that killed a prominent military blogger
- Watch One Tree Hill’s Sophia Bush and Hilarie Burton Recreate Iconic Show Moment
- Colorado supermarket shooting suspect pleads not guilty by reason of insanity
- How Jersey Shore's Sammi Sweetheart Giancola's Fiancé Justin May Supports Her on IVF Journey
- Thousands in Mexico demand justice for LGBTQ+ figure found dead after death threats
- Ex-officer Derek Chauvin makes another bid to overturn federal conviction in murder of George Floyd
- USPS leaders forecast it would break even this year. It just lost $6.5 billion.
- Will Mike Tyson vs. Jake Paul end in KO? Boxers handle question differently
- Southwest Airlines raises prices on alcohol ahead of the holidays
Ranking
- Family of security guard shot and killed at Portland, Oregon, hospital sues facility for $35M
- Hunter Biden calls for a Trump subpoena, saying political pressure was put on his criminal case
- The Lion, the chainsaw and the populist: The rallies of Argentina’s Javier Milei
- Should Medicaid pay to help someone find a home? California is trying it
- Halle Berry surprises crowd in iconic 2002 Elie Saab gown from her historic Oscar win
- FlyDubai resumes flights to Afghanistan after halting them 2 years ago as Taliban captured Kabul
- André 3000 announces debut solo album, featuring no lyrics: 'I don't want to troll people'
- New York’s high court to hear redistricting case, as Democrats angle to retake US House
Recommendation
-
Climate Advocacy Groups Say They’re Ready for Trump 2.0
-
Stream these 15 new movies this holiday season, from 'Candy Cane Lane' to 'Rebel Moon'
-
A Pine Bluff attorney launches a bid for a south Arkansas congressional seat as filing period ends
-
Prosecutors say a fatal roller coaster accident in Sweden was caused by a support arm breaking
-
Tampa Bay Rays' Wander Franco arrested again in Dominican Republic, according to reports
-
Missing sailor sent heartbreaking final message to his family during Hurricane Otis, wife reveals
-
Faithful dog survives 10 weeks, stays with owner who died of hypothermia in Colorado mountains
-
ESPN launches sportsbook in move to cash in on sports betting boom