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 07:19:17
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! (8)
Related
- Amazon's 'Cross' almost gets James Patterson detective right: Review
- After months, it's decided: Michiganders will vote on abortion rights in November
- Maria Menounos Recalls Fearing She Wouldn't Get to Meet Her Baby After Cancer Diagnosis
- Today’s Climate: May 28, 2010
- Mandy Moore Captures the Holiday Vibe With These No Brainer Gifts & Stocking Stuffer Must-Haves
- Cisco Rolls Out First ‘Connected Grid’ Solution in Major Smart Grid Push
- Kate Middleton Rules With Her Fabulous White Dress Ahead of King Charles III's Coronation
- What’s Worrying the Plastics Industry? Your Reaction to All That Waste, for One
- Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
- Today’s Climate: June 4, 2010
Ranking
- Get well, Pop. The Spurs are in great hands until your return
- Tennessee woman accused of trying to hire hitman to kill wife of man she met on Match.com
- Avoiding the tap water in Jackson, Miss., has been a way of life for decades
- Priyanka Chopra Shares How Nick Jonas “Sealed the Deal” by Writing a Song for Her
- Surfer Bethany Hamilton Makes Masked Singer Debut After 3-Year-Old Nephew’s Tragic Death
- How a new hard hat technology can protect workers better from concussion
- With Pipeline Stopped, Fight Ramps Up Against ‘Keystone of the Great Lakes’
- Cardi B and Offset's Kids Kulture and Wave Look So Grown Up in New Family Video
Recommendation
-
See Leonardo DiCaprio's Transformation From '90s Heartthrob to Esteemed Oscar Winner
-
Maria Menounos Recalls Fearing She Wouldn't Get to Meet Her Baby After Cancer Diagnosis
-
Paris gets a non-alcoholic wine shop. Will the French drink it?
-
In Alaska’s Thawing Permafrost, Humanity’s ‘Library Is on Fire’
-
'Climate change is real': New York parks employee killed as historic drought fuels blazes
-
FDA expected to authorize new omicron-specific COVID boosters this week
-
Why Lisa Vanderpump Is Closing Her Famed L.A. Restaurant Pump for Good
-
Vanderpump Rules Alum Kristen Doute Weighs In on Tom Sandoval and Raquel Leviss’ Affair