Current:Home > FinanceDeveloping nations suffering from climate change will demand financial help -StockFocus
Developing nations suffering from climate change will demand financial help
View
Date:2025-04-25 19:54:08
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! (9)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- World War II veterans take off for France for 80th anniversary of D-Day
- 2 killed, 3 injured when stolen SUV crashes during pursuit in Vermont
- Untangling the Story Behind Dancing for the Devil: The 7M TikTok Cult
- Former Danish minister for Greenland discusses Trump's push to acquire island
- What is the keto diet? Experts break down the popular weight loss diet.
- Biden addresses Trump verdict for first time
- Advocates Ask EPA to Investigate Baltimore City for Harming Disinvested Communities
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Oregon defendants without a lawyer must be released from jail, US appeals court says
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Rainbow flag meaning: A brief history lesson on how the Pride flag came to be
- Mike Tyson facing health risks as he trains with an ulcer, doctors say. Should he fight?
- Don't take Simone Biles' greatness for granted. We must appreciate what she's (still) doing.
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Women's College World Series 2024 live: Updates, score for UCLA vs. Oklahoma softball game
- Publisher of ‘2000 Mules’ apologizes to Georgia man falsely accused of ballot fraud in the film
- Princess Kate to skip major U.K. military event in London over 2 months after announcing cancer treatment
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Police in Maryland search for registered sex offender in the death of a parole officer
Women's College World Series 2024 live: Updates, score for UCLA vs. Oklahoma softball game
Police in Maryland search for registered sex offender in the death of a parole officer
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Watch Live: Explosive Iceland volcano eruption shoots lava across roads and sends pollution toward the capital
Emma Chamberlain Celebrates Her High School Graduation at Age 23 With Heartwarming Photos
Chad Daybell Sentenced to Death for Murders of Stepchildren and First Wife