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ACT2025 is a consortium of think tanks and experts elevating the needs and priorities of vulnerable developing countries to deliver ambitious, balanced, just, and equitable outcomes at the UN climate negotiations and other multilateral fora to chart a path toward greater global solidarity.The state of negotiations and climate action
However, the last-minute election of Azerbaijan to the COP presidency makes the seasoned and the new actors in climate negotiations doubtful of the host’s capacity to shepherd a crucial and highly contentious agenda, such as the NCQG. Azerbaijan’s pillars for its presidency, which is “to enhance ambition and enable action,” seem vague and require a lot of nuancing to carry forward. To say the least, immense leadership, trust-building, and consolidation of gains are demanded from the presidency.
Ensuring developed countries assume the responsibility and leadership of providing and mobilizing financial resources to support developing countries’ transitions to 1.5°C-compatible trajectories and a climate-resilient future. Adopting a framework for the quality of climate finance. The new goal must be shaped in a way that avoids exacerbating the already unsustainable levels of indebtedness of developing countries, prioritizing the use of non-debt instruments that prevent perpetuating climate finance as a synonym of climate-induced debt.
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Source: BusinessMirror - 🏆 19. / 59 Read more »
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