COP 29 in Baku, Azerbaijan started its second week on Monday, November 18th,2024 with high-level Ministerial Committee meetings in high gear starting the process of final negotiations. Still, there has been no white smoke on climate finance increment for the Global South, especially African Countries.
Adonia Ayebare, Uganda’s Permanent Representative to the United Nations Mission and current Chairperson of the G77 and China during plenary on Monday remarked that the negotiations should be party-driven and transparent.
“Expressed disappointment that we have not made progress on Finance and other key agenda items”. The diplomat took to his X account on Monday evening.
Dr. Mithika Mwenda the Executive Director of Pan- African Climate Justice Alliance (PAJAC) while addressing Pan-African Parliamentarians from the Namibian Pavilion on Tuesday, November 2024 told them that the two weeks expected to end by November,22nd 2024 shall be defining weeks for Africa on the fight for climate Justice
“These two weeks will determine whether this COP will be a success or a failure for Africa based on the decisions that shall come out on climate finance”. He spoke.
Dr. Mithika added that there should be no giving up on pushing for the increment of the finance even in the last minutes of the negotiation since it is important for African nations
Dr. Vivien Foster from Imperial College London in the United Kingdom revealed that the demand of the Global South, especially African Countries to ensure that developed countries increase Climate Finance from USD 100 Billion to USD 1.3 trillion in COP 29 in Baku is consistent with research findings she had done with her colleague titled. How Much Climate Finance do Low- and Middle-Income Countries Need?
PACJA is placing demand for an ambitious New Collective Quantified Goal (NCQG) on climate finance, with a commitment of at least USD 1.3 trillion annually, delivered primarily as grants and reviewed regularly to reflect evolving needs and vulnerabilities.
They also demand that it must be accessible and responsive to African countries’ specific needs and realities, supporting adaptation, mitigation, and resilience without driving debt or dependency.
Ends
