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“You must say if you’re going to contribute, do it and put it in the bank and then you can add it on the spreadsheet — it’s not hard. If you’re not going to, then say ‘no’, and we know it’s not coming, and we can make another plan. South Africa is good at making a plan,” he said.had marked a pivotal moment in international climate diplomacy “as we transitioned from negotiating the Paris Agreement to implementing its commitments”.
The incoming COP29 presidency has set ambitious priorities, he said. “A two-day summit at the start of the conference will bring together global leaders to raise awareness and accelerate climate action. Beyond the summit, the presidency is finalising the NCQG, a matter of great importance for developing economies like ours.The current financing mechanisms had proved insufficient in scale and effectiveness, highlighting the urgency for a new model, George said.
The NCQG must provide a clear and ambitious quantification of the financial support needed by developing-economy countries to implement their climate commitments and development plans — including NDCs, national adaptation plans, low-emission development strategies, and other relevant policy frameworks, as well as the key multilateral goals endorsed since Glasgow.
“The quantum of mobilisation and provision for the new goal should be commensurate with the ambition of action. COP29 outcomes must also redress the adaptation finance imbalance. South Africa must focus on implementation, and the means to facilitate that, at COP29.
“They must then follow up with rapid delivery of the commitments, building on actions taken now … It remains technically possible to get on a 1.5°C pathway, with solar, wind and forests holding real promise for sweeping and fast emissions cuts,” the report said.