Current:Home > reviewsDeveloping nations suffering from climate change will demand financial help -TradeWise
Developing nations suffering from climate change will demand financial help
View
Date:2025-04-18 01:38:13
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! (31)
Related
- All That You Wanted to Know About She’s All That
- Starbucks faces lawsuit for tacking on charge for nondairy milk in drinks
- AP Decision Notes: What to expect in the race to replace Kevin McCarthy
- Dealing with a migraine? Here's how to get rid of it, according to the experts.
- Louvre will undergo expansion and restoration project, Macron says
- Fulton County DA Fani Willis must step aside or remove special prosecutor in Trump case, judge says
- Outdoor Voices closing its stores. Activewear retailer reportedly plans online move
- Savannah Chrisley Shares Why Parents Todd and Julie Chrisley Still Haven't Spoken Since Entering Prison
- Bodycam footage shows high
- Chiefs stars Patrick Mahomes, Travis Kelce set to open steakhouse in Kansas City
Ranking
- Intel's stock did something it hasn't done since 2022
- Delaware Democrats give final approval to handgun permit-to-purchase bill
- Riders can climb ‘halfway to the stars’ on San Francisco cable car dedicated to late Tony Bennett
- Virginia Gov. Glenn Youngkin says he won’t support a budget that raises taxes
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- General Hospital Actress Robyn Bernard Found Dead in Open Field
- Millions blocked from porn sites as free speech, child safety debate rages across US
- March Madness bubble winners and losers: Big East teams pick up massive victories
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
UnitedHealth cyberattack one of the most stressful things we've gone through, doctor says
Biden backs Schumer after senator calls for new elections in Israel
Hard-throwing teens draw scouts, scholarships. More and more, they may also need Tommy John surgery
DoorDash steps up driver ID checks after traffic safety complaints
Hans Zimmer will tour US for first time in 7 years, hit 17 cities
'Grey's Anatomy' premiere recap: Teddy's fate revealed, and what's next for Meredith
Saquon Barkley expresses regret over Giants exit as he begins new chapter with Eagles