As the final Ad Hoc Work Programme meeting on the new climate finance goal wraps up in Baku, Azerbaijan today, Christian Aid has called out developed nations for endangering international cooperation on climate change.
Mariana Paoli, Christian Aid’s Chief of Global Advocacy, said:
“It is shameful how developed countries have been undermining these finance negotiations. With less than two months to go until COP29, they should show how they will deliver their fair share of public finance at scale and through grants, which are essential to meet the needs of communities suffering the impacts of climate change. But instead they have been refusing to say how much money they are willing to commit. If we get a weak finance outcome at COP29 it will be their fault and devastating for communities in the global south.”
She warned that without a strong outcome on finance at COP29 it would lead to weaker emission reductions contained in the national climate plans, known as NDCs, which are due next year.
“This could threaten negotiations at next year’s COP30. For many countries in the global south, the emissions cuts included in their national climate plans will depend on the climate finance and other resources made available to them.”
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