SA proposes new climate finance target ahead of COP26 - The Mail & Guardian

South Africa has put a new climate finance target on the table ahead of the United Nations climate talks, COP26, in Glasgow, Scotland.

Creecy said South Africa would garner support for the new target to be adopted at COP26, when the meetings get underway on 31 October in Glasgow. She said the country was looking for the best possible deal. “What is striking is that we have, as yet, no common global understanding or guidelines to implement Article 2.1,” said Creecy. “These issues, together with the future of long-term climate finance deliberations under the convention, will be a make or break for COP26, as was the case in Madrid at COP25 in 2019.

Oxfam’s findings show that, based on current pledges and plans, wealthy governments will continue to miss the goal and reach only $93-billion to $95-billion a year by 2025 — five years after the goal should have been met.

There needs to be political will for it to succeed.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA proposes new climate finance target ahead of COP26 - The Mail & GuardianSA proposes new climate finance target ahead of COP26 - Long-standing issues on climate finance will make or break COP26, says environment, forestry and fisheries minister I started with €3,000 7days I was credited on my wallet with €9,500 excluding my €1,000 that’s over 8x of my startup capital. Imagine how much you will make with a higher startup capital. Thank you tyron_robert7 I'm happy to join those who are sharing the good news about shantelll_142 . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with shantelll_142 i got my withdrawal safely without any interruption.
Source: mailandguardian - 🏆 2. / 92 Read more »