Current:Home > MarketsDeveloping nations suffering from climate change will demand financial help -TradeWisdom
Developing nations suffering from climate change will demand financial help
View
Date:2025-04-16 02:10:23
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
- Stamford Road collision sends motorcyclist flying; driver arrested
- With 'Babes,' Ilana Glazer wants to show the 'hilarious and insane' realities of pregnancy
- Pam Grier is comfortable with being an icon
- American Airlines removed Black men from flight after odor complaint, federal lawsuit says
- In ‘Nickel Boys,’ striving for a new way to see
- Stegosaurus could become one of the most expensive fossils ever sold at auction
- Jennie Garth Shares How Body Image Struggles Have Led to Unhealthy Habits
- Sarah McLachlan struggled to find musical inspiration as a 'wealthy, middle-aged white woman'
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- NYC’s rat-hating mayor, Eric Adams, is once again ticketed for rats at his Brooklyn property
Ranking
- The Super Bowl could end in a 'three
- Reading the ‘tea leaves': TV networks vamp for time during the wait for the Donald Trump verdict
- Taco Bell's Cheez-It Crunchwrap Supreme release date arrives. Here's when you can get it
- Nicole Brown Simpson’s sisters want you to remember how she lived, not how she died
- Arkansas State Police probe death of woman found after officer
- Carolina Hurricanes defenseman Jaccob Slavin wins Lady Byng Trophy for sportsmanship
- What it was like in the courtroom as Trump's guilty verdict was read
- 6-year-old girl fatally struck by car while crossing street in California, sister injured
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Jon Bon Jovi says 'Forever' pays homage to The Beatles, his wife and the working class
Emotions expected to run high during sentencing of woman in case of missing mom Jennifer Dulos
Ledecky says faith in Olympic anti-doping system at ‘all-time low’ after Chinese swimming case
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Natalie Portman Hangs Out With Paul Mescal During London Outing
Surprisingly, cicada broods keep going extinct. Some experts are working to save them.
Prosecutors unveil cache of Menendez texts in bribery trial: It is extremely important that we keep Nadine happy