Cabinet endorses call for developed countries to fund fight against climate change - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Cabinet has endorsed the call by some delegates for developed countries to fund the fight against climate change at the COP27 Summit in Egypt. COP27 climatechange

On Thursday, talks collapsed when parties could not agree on loss and damage funding. This, as nations agree that developing countries will experience the effects of climate change the most.Minister in the Presidency, Mondli Gungubele, briefed the media earlier on the outcomes of the Cabinet meeting held on Thursday.

Gungubele says, “Cabinet also endorsed the Africa Group position to call on developed countries to honour their pledges and commitments made under both the UN Framework Convention on Climate Change and its Paris Agreement. These include a call on developed countries to take the lead on reducing emissions and providing developing countries with financial resources for their own climate action.

Ministers from various African countries met in Sharm El Sheikh, Egypt, on Sunday. The aim of the session is to ensure that continent speaks with one voice in response to issues raised at the COP27 climate summit.“In the context of Just Transition, we of course need to balance the change of getting to a Green economy and zero carbon economy and that of economic interest of the African continent and the African people.

 

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