COP29: Guterres urges countries to ‘get serious’ on loss and damage funding
- November 12, 2024 12:00
Sharm el-Sheikh, Egypt – UN Secretary-General António Guterres has urged countries to “get serious” about providing funding for loss and damage caused by climate change, as the COP29 climate summit enters its second week.
In a speech to delegates on Monday, Guterres said that the issue of loss and damage is a “moral imperative” and that it is “time for action.”
“We need to get serious about providing financial support to developing countries that are already suffering the devastating impacts of climate change,” he said.
Guterres’ call comes as the issue of loss and damage funding has become a major sticking point in the negotiations at COP29. Developing countries are demanding that developed countries provide financial assistance to help them cope with the impacts of climate change, such as rising sea levels, extreme weather events, and displacement.
Developed countries have been reluctant to provide such funding, arguing that it would be an admission of liability for causing climate change. However, Guterres said that the issue of liability should not be a barrier to providing financial support.
“The science is clear: climate change is caused by human activities, and the developed world has a responsibility to help those who are most vulnerable to its impacts,” he said.
Guterres also called on countries to agree to a new global goal on adaptation to climate change. He said that the current goal of adapting to 2 degrees Celsius of warming is not enough, and that the world needs to aim for 1.5 degrees Celsius.
“We need to invest in adaptation and resilience, and we need to do it now,” he said.
The COP29 climate summit is scheduled to conclude on November 18.
COP29: Guterres urges countries to ‘get serious’ on loss and damage funding
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