LDC Ministers discuss COP27 strategy to match climate crisis urgency


Ministers from the 46 least developed countries (LDCs) met in Dakar, Senegal ahead of the United Nations international climate meeting, the 27th Conference of the Parties (COP27), to be held in Sharm El-Sheikh, Egypt in November to coordinate the bloc’s strategy to achieve more tangible and ambitious outcomes, consistent with the urgency of the climate crisis.

“Ambitious and urgent climate action is needed to put the world on track to limit warming to 1.5°C above pre-industrial levels. Huge emissions gaps remain that need to be closed in this critical decade,” said the Senegalese Minister for Environment and Sustainable Development Abdou Karim Sal.

As world leaders gather at the 77th session of the United Nations General Assembly and set their countries’ priorities, it is vital that climate change remains a top priority. Tackling the climate crisis cannot be done adequately without taking into account the demands of the most vulnerable countries, the LDC group stressed.

On September 14, LDC ministers issued a statement on climate change, affirming that the global response to climate change must be ambitious, fair and just to advance the interests and aspirations of poor and vulnerable countries and peoples.

In the statement, ministers also “note with serious concern the findings of the Sixth Assessment Report (AR6) of the Intergovernmental Panel on Climate Change (IPCC) Working Group II that human-caused climate change has caused loss and damage to nature and people, including some irreversible losses; that some limits of adjustment have already been reached; and that short-term action that limits global warming to 1.5°C would significantly reduce projected losses and damage, but cannot eliminate all.”

READ:  Patagonia’s pitch for the planet: CEO transfers ownership to combat climate change

However, the bloc also acknowledged the findings of IPCC AR6 Working Group III, and in particular the finding that limiting warming to 1.5°C is possible but requires a 43% reduction in global greenhouse gas emissions to peak before 2025 reach. by 2030 relative to 2019 levels and must reach net zero around 2050.

The LDC Group also recognized “the importance this year of operationalizing a work program to urgently scale up mitigation ambition and implementation in this critical decade in Sharm El-Sheikh, with a clear roadmap to close the ambition gap by 2030 and achieve World War 1 “Keep .5°C target within reach”.

“LDCs are bearing the brunt of the devastating consequences of climate change. If we don’t address this phenomenon, there is a risk that decades of development will be undermined and millions of people will be deprived of development,” Sall said.

The issue of financing has always been at the heart of climate negotiations. Increasing adaptation funding is a significant achievement, but improving access to it is also critical for LDCs, he stressed.

READ:  Daily Financial Regulation Update -- Tuesday, September 27, 2022

“COP27 will be a critical moment for our nations as we continue our fight for climate justice, which requires securing climate finance to protect our people from the effects of a climate crisis they have done little to create and sustaining the Possibility to limit warming to 1.5°C alive,” said the chair of the LDC group on climate negotiations Madeleine Diouf Sarr.

The climate crisis has been devastating and devastating in LDCs for several years, and the impacts of climate change will increase in intensity and frequency, increasing burdens on LDC countries, setting back development efforts and leading to irrecoverable losses and damage. She said.

“For us vulnerable countries it is crucial that our capacity to adapt to the inevitable consequences of climate change is increased. Developed countries must deliver on their promise to double financing for adaptation.

“At COP27 we need to see a plan for delivering these promised funds. The details of the Global Goal on Adaptation also need to be worked out. Adaptation is an important pillar of the Paris Agreement that cannot be ignored,” she stressed.

A continuous flow of finance is one of the goals of the Paris Agreement and an essential element in the fight against climate change. Developed countries need to catch up in providing the agreed $100 billion annually in climate finance, Diouf Sarr said.

READ:  some questions for climate leadership

As deliberations on the new climate finance target continue at COP27, LDCs must ensure that the next target is science-based and fully reflects countries’ needs, she added.

Key issues of this year’s climate talks also include the financing mechanisms for losses and damages, the Global Goal on Adaptation, increasing ambition in the fight against climate change, and identifying sources of adequate financing, Sal noted.

“In terms of loss and damage, the fundamental issue is to secure new and additional financing to cope. The Glasgow Dialogue must result in the establishment of a dedicated funding mechanism and loss and damage funding must be seen as an independent element in the New Collective Quantified Goal on Climate Finance,” he said.

In the statement, the LDC Group emphasized that the New Collective Quantified Goal on Climate Finance should be science-based and address the needs of developing countries to implement their adaptation and mitigation policies and address losses and damages, including technology transfer and capacity building.



Source link