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:2024-12-24 01:11:36
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! (74322)
Related
- What that 'Disclaimer' twist says about the misogyny in all of us
- Goldfish unveils new Spicy Dill Pickle flavor: Here's when and where you can get it
- Washington warns of danger from China in remembering the 1989 Tiananmen crackdown
- 'Boy Meets World' star Trina McGee reveals she's pregnant at age 54
- Conviction and 7-year sentence for Alex Murdaugh’s banker overturned in appeal of juror’s dismissal
- Jason Sudeikis asked Travis Kelce about making Taylor Swift 'an honest woman.' We need to talk about it
- Tribeca Festival to debut 5 movies using AI after 2023 actors and writers strikes
- Family of Minnesota man killed by police criticize local officials and seek federal intervention
- Powerball winning numbers for November 11 drawing: Jackpot hits $103 million
- Biden’s Chinese Tariffs Could Hamper E-Bike Sales in the U.S.
Ranking
- Why Suits' Gabriel Macht Needed Time Away From Harvey Specter After Finale
- Jayda Coleman's walk-off home run completes Oklahoma rally, sends Sooners to WCWS finals
- Cyprus president says a buffer zone splitting the island won’t become another migrant route
- Lawsuits Targeting Plastic Pollution Pile Up as Frustrated Citizens and States Seek Accountability
- Burger King is giving away a million Whoppers for $1: Here's how to get one
- Video and images show intercontinental ballistic missile test launched from California
- Walmart settlement deadline approaches: How to join $45 million weighted-grocery lawsuit
- Amanda Knox reconvicted of slander in Italy for accusing innocent man in roommate’s 2007 murder
Recommendation
-
Olivia Munn began randomly drug testing John Mulaney during her first pregnancy
-
How shots instead of pills could change California’s homeless crisis
-
Gunman captured after shootout outside US Embassy in Lebanon
-
Shania Twain makes herself laugh with onstage mixup: 'Really glad somebody captured this'
-
'Unfortunate error': 'Wicked' dolls with porn site on packaging pulled from Target, Amazon
-
Christian McCaffrey signs 2-year extension with 49ers after award-winning 2023 campaign
-
Woman initially pronounced dead, but found alive at Nebraska funeral home has passed away
-
NCAA tournament baseball: Who is in the next regional round and when every team plays