Agence France-PresseJuly 16, 2021 12:49:50 pm
Nations most vulnerable to the impacts of global warming on Thursday called for rich countries to fulfill their promise to finance the fight against climate change, ahead of a UN summit.
Highlighting a “worrying lack of urgency” from the recent G7 and G20 summits, dozens of countries said the COP26 talks in Glasgow later this year should provide aid to communities already affected by extreme weather. caused by the weather.
With mounting warnings from scientists and climate change gaining international attention, the pressure on delegates to achieve meaningful results is enormous.
Glasgow’s to-do list is equally overwhelming.
In addition to finalizing the regulation implementing the 2015 Paris agreement, nations are also expected to deliver on the 2009 promise to give climate-vulnerable nations $ 100 billion annually to reduce their emissions and adapt to climate impacts.
“At least $ 100 billion per year was pledged by 2020 with larger sums annually beginning in 2025,” the countries wrote in their five-point plan for COP26.
These include Kenya, Ethiopia, Gabon, Somalia, the Philippines, Bhutan, Tanzania, and Bolivia.
“However, this goal has been missed and must be urgently fixed if developing countries can trust the richest nations at COP26 to keep what they are negotiating.”
They also called for at least 50 percent of the funds to be earmarked for future climate adaptation, as well as a separate allocation for “loss and damage” already inflicted on poorer nations by historical emissions from rich economies.
The Paris Agreement saw nations commit to limiting global temperature increases to “well below” two degrees Celsius (3.6 Fahrenheit) above pre-industrial levels through sweeping emissions cuts.
The agreement also strives to achieve a more ambitious 1.5 ° C temperature limit.
But six years after the agreement was signed, several problems remain unsolved.
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 nations in Africa and Southeast Asia, called on the richest nations to do their “fair share” of emissions cuts.
This would include historic polluters who would quickly decarbonize their economies and pay poorer nations, least responsible for the climate crisis, to do the same.
Failure to keep promises
Developing nations said wealthy issuers also had to agree on the final details of the Paris regulation as a matter of priority.
“The failure to deliver on promises in these key areas of finance, adaptation and loss and damage is unacceptable,” said Fekadu Beyene of the Ethiopia Commission on Environment, Forests and Climate Change.
“What’s the point of agreeing to 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 “fired the starting gun” at the COP26 negotiations.
“These elements are what are required if we are to face the challenges of global warming and its devastating climate consequences,” he said.
The UN says emissions must fall more than 7 percent each year by 2030 to keep the 1.5 ° C temperature target in play in Paris.
Although the Covid-19 lockdowns and travel restrictions saw emissions drop in 2020, the concentrations of CO2 warming the planet continue to rise more and more.
The Executive Director of the Climate Action Network, Tasneem Essop, said that COP26 was an unprecedented test of the will of world leaders to tackle the crisis.
“COP26 will be both a moral and a practical test that will define the legacy of political leaders: earning them a badge of honor for leading the world through this critical moment or enduring the shame of being complicit in our demise.”