Responding to the outcome of the G20, Christian Aid’s Global Advocacy Lead, Mariana Paoli, from Brazil, said:
“In their communiqué it was encouraging to see the G20 countries recognising that climate finance needs to be in trillions, not billions. That is the scale of the need in developing countries facing the climate crisis and is what the outcome at COP29 needs to address. Public finance is essential to deliver the climate finance goal.
“For a long time vulnerable nations and civil society have been pushing governments to adopt innovative taxation to raise the needed finance for climate change. So it's good to see the communiqué talk about the role of taxation on the ultra-rich individuals who are often some of the biggest polluters. Making polluters pay and addressing tax dodging are additional elements that should be considered.
"We have a few days left here in Baku to build on this signal received from Brazil and agree a transformative new finance goal which actually shows rich nations are taking the climate crisis seriously.
“It was disappointing that there was no clear call for fossil fuel phase out and the role dirty energy has played in causing the climate crisis. The human cost of inaction on fossil fuels will be paid in the lives and livelihoods of the most vulnerable.”
