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CSO demands $1trn annual finance goal to aid climate adaption in developing countries

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Climate Action Network (CAN) International has called for an annual financial target of $1 trillion from developed countries to aid climate…

called for an annual financial target of $1 trillion from developed countries to aid climate adaption in the global south.

“It’s time to make polluters and the wealthy pay for the harm they have caused. In these last precious weeks before COP29, we need to see developed nations let go of their colonial past, and stop dragging their feet in crucial negotiations. The NCQG is our chance to create a just and equitable future for all.

“But this finance cannot be in the form of loans from rich polluting nations in the Global North which just pile more debt onto the Global South. That would be like giving a drowning man a life jacket stuffed with coins – it’s going to make them sink even faster.”The NCQG is a new financial target set by developed countries to support the global south in their climate actions by 2025.

 

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