Scientific Research Can Play a Key Role in Unlocking Climate Finance

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Opinion

Climate finance will come under intense scrutiny during COP29, and its distribution aligned with scientific analysis of the impacts of climate change, but the methodology ignores the inequality in research networks of the Global South.

More than 700 authors representing 90 different nationalities written the AR6 for IPCC | Credit: Margaret López/IPS

More than 700 authors representing 90 different nationalities written the AR6 for IPCC | Credit: Margaret López/IPS

CARACAS, Oct 29 2024 (IPS) – Climate finance will be at the epicenter of the discussion at the UN Climate Change Conference 2024 (COP29). The focus will be on strengthening the fund and defining the conditions under which the countries of the Global South will be able to access this money. However, little is said about the scientific research that is required to gather the evidence and data to prove the loss and damage caused by the impact of climate change in developing countries.

One of the points under discussion is the need for countries of the Global South to provide comprehensive, scientifically backed reports on how they are being directly affected by the impacts of climate change. This requirement guarantees that money will flow to the most affected countries, but it ignores the inequality present in scientific research networks in the Global South.

Floods and the effects of storms or hurricanes are not the only topics we are discussing.  For example, will Latin American countries, such as Brazil or Argentina, be ready to provide data and evidence of how global warming precipitated an increase in dengue cases among their citizens in 2024?

Dengue cases in Latin America tripled compared to the same period in 2023. The Pan American Health Organization (PAHO) compiled reports of more than 12 million cases of dengue fever in the region up to middle October and, undoubtedly, this additional health burden is part of the less talked about impacts of climate change.

Research centers in Brazil or Argentina, two of the countries with the best scientific networks in the region, can surely deliver the studies to support a financial request to cover these health-related damages. But the scenario is very different if we look at the scientific networks of other Latin American countries such as Colombia, Ecuador, Peru, Paraguay, or my native Venezuela.

More than 3,000 Venezuelan scientists have left the country for lack of support and financial problems in its laboratories since 2009, according to the follow-up done by researcher Jaime Requena, a member of the Academy of Physical, Mathematical and Natural Sciences (Acfiman, its acronym in Spanish). This is equivalent to half of the Venezuelan scientific force, considering that Venezuela had 6,831 active researchers in the Researcher Promotion Program (PPI) in 2009.

Only 11 Venezuelan scientists participated as authors in all the reports of the Intergovernmental Panel on Climate Change (IPCC). In AR6, the most recent IPCC report, only three authors were Venezuelan.

Colombia, Peru, and Uruguay were also represented by three researchers in AR6, while other countries such as Paraguay and Bolivia did not even manage to add a scientist to the group of more than 700 authors.

Climatologist Paola Andrea Arias was part of the Colombian representation. She is one of those promoting that the IPCC broaden the diversity of authors in the next report on the effects of climate change in the world.

“We all do science with different perspectives; we will follow the same methods and the same standards, but we have different perspectives. We ask different questions and have different priorities. We see in science the possibility of answering or solving different problems and, obviously, that will be very focused on your reality, the world in which you live, the country or city where you are,” said Arias when I asked her about her participation in AR6.

The low participation of Latin American scientists in global research on climate change, such as that of the IPCC, also means less space and dissemination for those studies that try to track the impacts of climate change in the region. This pattern is also repeated in Africa and Asia.

Promoting more research on the damages and impacts of climate change in the Global South, in the end, is not something that can be separated from climate finance. A clear example is that the Development Bank of Latin America (CAF) has just created a scientific committee for its biodiversity conservation fund, as announced during COP16 on biodiversity in Cali, Colombia.

CAF explained that this new biodiversity committee will have “a key role” with recommendations based on scientific evidence to invest in environmental projects. The first tasks of this scientific committee will be focused on providing recommendations for conservation, restoration, and sustainable use of ecosystems in the Amazon, Cerrado, and Chocó, a program that will have access to 300 million dollars.

The creation of a scientific committee to deliver climate finance can be a first step, as shown by CAF’s experience in biodiversity. To move forward on this path, however, it is necessary to promote more funding for Latin American, African, and Asian scientists to do more local research on the impacts of climate change. It’s the only way to gather the scientific evidence to support the contention that the climate crisis represents an obstacle to development in those countries with the largest populations and the greatest number of disadvantages.

This opinion piece is published with the support of Open Society Foundations.
IPS UN Bureau Report

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COP 29: High Stakes for Small Islands Fighting for Climate Finance

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COP29

Buoyed by the collaboration and agenda established in their SIDS4 conference in May, small island developing states are preparing for COP29 with a focus on climate finance and collaboration. IPS spoke with an official from Saint Lucia about that nation’s climate action, preparation for COP29 and the importance of a united SIDS’ voice in negotiations.

Section of Castries, Saint Lucia. Through ambitious NDCs, SIDS like Saint Lucia are hoping to shore up resilience and protect their economies and infrastructure. Access to adequate climate financing remains crucial to these efforts. Credit: Alison Kentish/IPS

Section of Castries, Saint Lucia. Through ambitious NDCs, SIDS like Saint Lucia are hoping to shore up resilience and protect their economies and infrastructure. Access to adequate climate financing remains crucial to these efforts. Credit: Alison Kentish/IPS

SAINT LUCIA, Oct 1 2024 (IPS) – Small Island Developing States (SIDS) are experiencing the most severe impacts of climate change. When leaders of those islands met in Antigua and Barbuda in May, they let the world know that achieving climate justice hinges on comprehensive climate finance.

As they prepare for the 2024 United Nations climate change conference (COP29) in Baku, Azerbaijan, Saint Lucia is prioritizing this issue, strengthening alliances with other SIDS, and seeking critical funding for adaptation and mitigation projects. With the recent enactment of its Climate Change Act of 2024, the island nation recognizes that securing climate finance is vital for safeguarding its future.

“This year’s COP has been dubbed the ‘Finance COP’,” Maya Sifflet, a Sustainable Development and Environment Officer for Saint Lucia told IPS. “The focus is to get the finance we need to mobilize and implement the ambitious climate action we’ve committed to.”

Saint Lucia, like many other SIDS, faces significant challenges in adapting to the impacts of climate change. Rising sea levels, more intense storms and shifting weather patterns are already threatening its economy and infrastructure. Sifflet explained that Saint Lucia has developed a comprehensive National Adaptation Plan (NAP), which integrates climate action into national development strategies. However, without adequate funding, even the most well-crafted plans risk falling short.

“Every year, countries submit their nationally determined contributions (NDCs), outlining the climate action they’re taking. We are encouraged to make them as ambitious as possible, stating what climate action we are taking. Our NDCs now capture not only our mitigation efforts, but our adaptation efforts as well,” Sifflet said.

Finance is crucial to those plans.

“We need to ensure our sectors are more resilient—agriculture, tourism, fisheries. Each sector was encouraged to assess its risk, assess vulnerabilities and explore what actions can be taken to build resilience. We have therefore developed several sectoral adaptation strategies and action plans.”

Saint Lucia has also developed a set of bankable project concepts, which aim to make the nation “finance-ready” when global funds become available. These initiatives are part of a broader effort to position the country to receive climate funding, whether through bilateral agreements or international mechanisms.

Sifflet emphasized that collective action through umbrella groups like the Alliance of Small Island States (AOSIS) is crucial to Saint Lucia’s success at COP29. “We negotiate in blocs. Our strength is in numbers,” she said. “Through AOSIS, we exchange knowledge, share experiences, and amplify each other’s voices in the negotiations. It’s a big arena, it’s very contentious and you need that collective presence to have power.”

One of the key areas Saint Lucia and AOSIS members will focus on during COP29 is the operationalization of the Loss and Damage Fund, which was a breakthrough agreement during COP27. The fund is designed to provide financial assistance to vulnerable countries for losses and damages resulting from climate change impacts that cannot be mitigated or adapted to.

“Operationalizing the Loss and Damage Fund would be a major success at COP29,” Sifflet noted. “It’s something SIDS have lobbied for over many years. This fund signifies that the global community is ready to put money where their mouth is.”

Saint Lucia, in anticipation of the fund’s formalization, has already conducted a Loss and Damage Needs-Based Assessment to ensure it is prepared to access financing once it becomes available.

“As vulnerable countries, we bear the brunt of climate change, often being forced to hit the reset button after every extreme weather event,” Sifflet added. “And it’s not just about economic losses—our cultural assets, things that can’t be quantified, are at risk. There is so much at stake for us as small islands,” she told IPS.

Sifflet concluded that while Saint Lucia’s preparation for COP29 has been extensive, the real measure of success will be securing the finance and global commitments needed to ensure the survival and prosperity of small islands in the face of climate change.

This week, the COP29 Presidency unveiled a group of programmes to propel global climate action. In a letter to all parties, President-Designate Mukhtar Babayev said it include the Baku Initiative on Climate Finance, Investment and Trade, noting that “climate finance, as a critical enabler of climate action, is a centrepiece of the COP29 Presidency’s vision.”

This year’s COP is expected to be a competitive negotiations stage for global climate change funding. Small island developing states will be looking to the large economies and major emitters of greenhouse gases to give the financial support needed for adaptation and mitigation measures to cope with a crisis that they did little to create. The stakes for Saint Lucia, and other SIDS, are high.

IPS UN Bureau Report

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African Activists Call on the West to Finance Climate Action

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Climate Change Finance

Activists at Bonn accuse developed countries of frustrating the process on climate finance. Pictured here are Danni Taaffe, Head of Communications at Climate Action Network (CAN), Mohamed Adow of Power Shift Africa and Sven Harmeling, Head of Climate at CAN. Credit: Isaiah Esipisu/IPS

Activists at Bonn accuse developed countries of frustrating the process on climate finance. Pictured here are Danni Taaffe, Head of Communications at Climate Action Network (CAN), Mohamed Adow of Power Shift Africa and Sven Harmeling, Head of Climate at CAN. Credit: Isaiah Esipisu/IPS

BONN, Jun 13 2024 (IPS) – As the technical session of the global climate negotiations enters the final stretch in Bonn, Germany, climate activists from Africa have expressed fears that negotiators from the developed world are dragging their feet in a way to avoid paying their fair share to tackle the climate crisis.

“I think we will be unfair to the snail if we say that the Bonn talks have all along moved at a snail pace,” quipped Mohammed Adow, the Director, Power Shift Africa.

“Ideally, there will be no climate action anywhere without climate finance. Yet what we have seen is that developed countries are frustrating the process, blocking the UAE annual dialogues, which were agreed upon last year in Dubai, to focus on the delivery of finance so as to give confidence to developing countries to implement climate actions,” said Adow.

According to the UN Framework Convention on Climate Change (UNFCCC), the United Arab Emirates (UAE) dialogue was created to focus on climate finance in relation to implementing the first Global Stoke Take (GST-1) outcomes, with the rationale of serving as a follow up mechanism dedicated to climate finance, ensuring response to and/or monitoring of, as may be appropriate and necessary, all climate finance items under the GST

The two-week Bonn technical session of Subsidiary Bodies (SB60) was expected to develop an infrastructure for the New Collective Quantified Goal (NCQG), a climate change funding mechanism to raise the floor of climate finance for developing countries above the current $100 billion annual target.

In 2009, during the 15th Conference of Parties (COP15) of the UNFCCC in Copenhagen, developed countries agreed that by 2020, they would collectively mobilize $100 billion per year to support priorities for developing countries in terms of adaptation to climate crisis, loss and damage, just energy transition and climate change mitigation.

When parties endorsed the Paris Agreement at COP 21 in 2015, they found it wise to set up the NCQG, which has to be implemented at the forthcoming COP 29, whose agenda has to be set at the SB60 in Bonn, providing scientific and technological advice, thereby shaping negotiations in Azerbaijan.

However, activists feel that the agenda being set in Bonn is likely to undermine key outcomes of previous negotiations, especially on climate finance.

“We came to Bonn with renewed hope that the NCQG discussions will be honest and frank with all parties committed to seeing that the finance mechanism will be based on the priorities and needs of developing countries and support country-driven strategies, with a focus on Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs),” said Memory Zonde-Kachambwa, the Executive Director, FEMNET.

“Seeing the devastation climate change is causing in our countries in terms of floods, storms, and droughts, among other calamities, it was our hope that the rich countries would be eager and willing to indicate the Quantum as per Article 9.5 of the Paris Agreement so as to allow developing countries to plan their climate action,” she said.

So far, negotiators from the North have been pushing for collective “mobilization of financial resources,” which African activists believe is merely the privatization of climate finance within NCQG, thus surrendering poor countries to climate-debt speculators and further impoverishing countries clutching onto debt.

Also in the spotlight was the Global Goal on Adaptation (GGA), where the activists feel that the means of implementation is being vehemently fought by the parties from developed countries.

“Adaptation must be funded from public resources and must not be seen as a business opportunity open to private sector players,” said Dr. Augustine Njamnshi, an environmental policy and governance law expert and the Executive Secretary of the African Coalition for Sustainable Energy and Access. “Without clear indications on the means of implementation, GGA is an empty shell and it is not fit-for-purpose.”

According to Ambassador Ali Mohammed, the incoming Chair for the African Group of Negotiators (AGN), the SB60 is an opportunity to rebuild trust in the principle of common but differentiated responsibilities and respective capabilities.

“That trust can only be rebuilt if we come out of Bonn with a quantum that adequately covers the needs of the continent,” he said, noting that the figure Africa is asking for, which is to be part of the agenda for COP29, is USD 1.3 trillion per year by 2030.

IPS UN Bureau Report

 

Uniting for Climate Action: UN, World Bank and UNDRR Leaders Push for Climate Finance, Justice and Nature-Based Solutions for SIDS

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Climate Change Finance

Panelists at SDG Media Zone at SIDS4, Antigua and Barbuda. Credit: Alison Kentish/IPS

Panelists at SDG Media Zone at SIDS4, Antigua and Barbuda. Credit: Alison Kentish/IPS

ANTIGUA & BARBUDA, May 29 2024 (IPS) – As leaders of Small Island Developing States (SIDS) meet for the 4th International Conference on SIDS in Antigua this week, top United Nations and World Bank officials are calling for urgent action to help SIDS tackle their unique challenges and plan for the next decade.

Selwin Hart, UN Special Adviser to the Secretary-General and Assistant Secretary-General of the Climate Action Team, had a frank assessment for a United Nations SDG Media Zone event on the sidelines of the conference, known as SIDS4. 

“The international community has failed to deliver on its commitments to these small nations, but it’s not too late to make amends,” he said.

Hart says the world has the ‘tools, solutions, technologies, and finance’ to support SIDS, but change lies in the political will of  the countries with the greatest responsibility and capacity, particularly G20 nations, which account for almost 80 percent of global greenhouse gas emissions.

“A mere USD 3 billion of the USD 100 billion goal has been mobilized annually for the small island developing state and you compare that to the USD 36 billion in profit that Exxon Mobil made last year. It represents a tenth of the climate finance that SIDS are attracting and mobilizing. We need to correct these injustices and that has to be at the root of the global response to the demands and needs of  small island developing states.”

Nature-Based Solutions for Nations on the Frontlines of Climate Change
“Both natural and man-made disasters hit SIDS first,” the World Bank’s Global Director of Environment, Natural Resources, and Blue Economy, Valerie Hickey, told the Media Zone. She said that for this reason, the international lending body describes SIDS as “where tomorrow happens today,” a nod to small islands’ role as ‘innovation incubators,’ who must adapt to climate change through the creative and sustainable use of natural capital, biodiversity, and nature-based solutions.

She says nature capital also shifts the narrative, focusing less on the vulnerabilities of SIDS and more on their ingenuity.

“We don’t talk enough about the fact that small islands are where natural capital is the engine of jobs and GDP,” she said. “It is fisheries. It is nature-based tourism. These are critically important for most of the small islands and ultimately deliver not just jobs and GDP but are going to be the only technology for adaptation that is available and affordable, and affordability matters for small islands.”

For small island states seeking to adapt to a changing climate, nature-based solutions and ecosystem based adaptation are essential, but it is also necessary to tackle perennial problems that hinder growth and access to finance. That includes a dearth of current, relevant data.

“The data is too fragmented. It’s sitting on people’s laptops. It’s sitting on people’s shelves. Nobody knows what’s out there and that’s true for the private sector and the public sector,” she said.

“In the Caribbean, where there is excess capital sitting in retail banks, USD 50 billion of that can be used to invest in nature-based solutions judiciously, to work on the kind of longer-term infrastructure that would be fit for purpose both for disaster recovery and long-term growth—it’s not happening for lack of data.”

As part of SIDS4, the world’s small island developing states appear to be tackling this decades-long data problem head-on. At the event’s opening session, Antigua and Barbuda’s Prime Minister Gaston Browne said a much-promoted Centre of Excellence will be established at this conference and that this Global Data Hub for Innovative Technologies and Investment for SIDS will use data for decision-making, ensuring that SIDS’ ten-year Antigua and Barbuda Agenda (ABAS) is led by ‘accuracy and timeliness.’

Reducing Disaster Risk and Early Warning Systems for All

A discussion on SIDS is not complete without acknowledging the disproportionate impact of disasters on the island nations. Assistant Secretary-General and Special Representative of the Secretary-General for Disaster Risk Reduction, Kamal Kishore, says mortality rates and economic losses from disasters are significantly higher in SIDS than the global average.

“If you look at mortality from disasters, the number of deaths normalized by the population of the countries, the mortality rate in SIDS is twice that of the rest of the world. If you look at economic losses as a proportion of GDP, globally it is under one percent; in SIDS, in a single event, countries have lost 30 percent of their GDP. SIDS have lost up to two-thirds of their GDP in a single event.”

Kishore says the ambition to reduce disaster losses must match the scale of the problem. He says early warning systems are a must and have to be seen by all not as generosity but responsibility.

“It is not acceptable that anybody on planet Earth should not have access to advanced cyclone or hurricane warnings. We have the technical wherewithal to generate forecasts and warnings. We have technologies to disseminate it. We know what communities need to do and what local governments need to do in order to respond to those warnings. Why is it not happening?”

The Early Warning for All initiative was launched by UN Secretary General Antonio Guterres in 2022. Kishore says 30 countries have been identified in the initial stage and a third of those countries are SIDS. Gap analyses have already been conducted and a road map has been prepared for strengthening early warning systems. The organization needs money to make it happen.

“The world needs to show some generosity and pick up the bill. It’s not in billions. It’s in millions and it will pay for itself in a single event. You invest in early warning in a country and one major event happens in the next five years, you’ve recovered your investment. The evidence is there that it makes financial sense, but we need to mobilize resources to close that gap.”

The Road Ahead

Thirty years since the first International Conference on Small Island Developing States (SIDS), the three leaders agree that there is hope, but that hope is hinged on action—an approach to development in SIDS that involves financial investment, comprehensive data collection and management and nature-based adaptation measures.

“It’s not too late,” says Selwin Hart. “What we need now is the political will to make things right for small island developing states.”

IPS UN Bureau Report

 

Small Island Nations Demand Urgent Global Action at SIDS4 Conference

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Conferences

The once-in-a-decade SIDS Conference opened in Antigua and Barbuda today, with a clear message: the world already knows the challenges that SIDS face—now it’s time for action.

King Charles III of Britain addresses the opening ceremony of the Fourth International Conference on Small Island Developing States, May 27, 2024. Credit: Alison Kentish/IPS

King Charles III of Britain addresses the opening ceremony of the Fourth International Conference on Small Island Developing States, May 27, 2024. Credit: Alison Kentish/IPS

ANTIGUA, May 27 2024 (IPS) – “This year has been the hottest in history in practically every corner of the globe, foretelling severe impacts on our ecosystems and starkly underscoring the urgency of our predicament. We are gathered here not merely to reiterate our challenges, but to demand and enact solutions,” declared Antigua and Barbuda Prime Minister Gaston Brown at the opening of the Fourth International Conference on Small Island Developing States on May 27.

The world’s 39 small island developing states are meeting on the Caribbean island this week. It is a pivotal, once-a-decade meeting for small states that contribute little to global warming, but are disproportionately impacted by climate change. The Caribbean leader reminded the world that SIDS are being forced to survive crises that they did not create.

“The scales of equity and justice are unevenly balanced against us. The large-scale polluters whose CO2 emissions have fuelled these catastrophic climate changes bear a responsibility—an obligation of compensation to aid in our quest to build resilience,” he said.

“The Global North must honor its commitments, including the pivotal pledge of one hundred billion dollars in climate financing to assist with adaptation and mitigation as well as the effective capitalization and operationalization of the loss and damage fund. These are imperative investments in humanity, in justice, and in the equitable future of humanity.”

Urgent Support Needed from the International Community

United Nations Secretary General Antonio Guterres told the gathering that the previous ten years have presented significant challenges to SIDS and hindered development. These include extreme weather events and the COVID-19 pandemic. He says SIDS, islands that are “exceptionally beautiful, exceptionally resilient, but exceptionally vulnerable,” need urgent support from the international community, led by the nations that are both responsible for the challenges they face and have the capacity to deal with them.

“The idea that an entire island state could become collateral damage for profiteering by the fossil fuel industry, or competition between major economies, is simply obscene,” the Secretary General said, adding, “Small Island Developing States have every right and reason to insist that developed economies fulfill their pledge to double adaptation financing by 2025. And we must hold them to this commitment as a bare minimum. Many SIDS desperately need adaptation measures to protect agriculture, fisheries, water resources and infrastructure from extreme climate impacts you did virtually nothing to create.”

Antigua and Barbuda Agenda for SIDS (ABAS)

The theme for SIDS4 is Charting the Course Toward Resilient Prosperity and the small islands have been praised for collective action in the face of crippling crises. Their voices were crucial to the establishment of the United Nations Framework Convention on Climate Change and the landmark 2015 Paris Agreement.

Out of this conference will come the Antigua and Barbuda Agenda for SIDS (ABAS). President of the UN General Assembly, Dennis Francis, says that programme of action will guide SIDS on a path to resilience and prosperity for the next decade.

“ The next ten years will be critical in making sustained concrete progress on the SIDS agenda – and we must make full use of this opportunity to supercharge our efforts around sustainability,” he said.

The SIDS4 conference grounds in Antigua and Barbuda will be a flurry of activity over the next four days. Apart from plenaries, there are over 170 side events hosted by youth, civil society organizations, non-governmental organizations, and universities, covering a range of issues from renewable energy to climate financing.

They have been reminded by Prime Minister Gaston Browne that this is a crucial juncture in the history of small island developing states, where “actions, or failure to act, will dictate the fate of SIDS and the legacy left for future generations.”

IPS UN Bureau Report

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‘Imperfect COP28’ Gives Direction For Managed, Equitable Move From Fossil Fuels

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COP28

Celebrating the end COP28 which ended with an agreement to transition away from fossil fuels. Credit: UNFCCC

Celebrating the end of COP28, which ended with an agreement to transition away from fossil fuels. Credit: UNFCCC

DUBAI, Dec 14 2023 (IPS) – While the outcomes of COP28 are being hotly debated in both the scientific and social justice arenas, the climate conference has taken an unprecedented step forward toward a just transition, says Yamide Dagnet, Director for Climate Justice at the Open Society Foundations.

Making some preliminary remarks a day after the climate conference ended, she said: “COP28 ends like it started: imperfect, yet an important and unprecedented step forward in our “course correction” for a just transition towards resilient and greener economies.”

The UN decision acknowledged the need for the decline of coal, oil, and gas for the first time in an agreement that talks about transitioning out of fossil fuels. It will also be known for operationalizing the Loss and Damages Fund, even if the funding falls far below the requirements for climate-stressed countries and communities.

UN Climate Change Executive Secretary Simon Stiell acknowledged these contractions in his final speech.

“While we didn’t turn the page on the fossil fuel era in Dubai, this outcome is the beginning of the end,” Stiell said.

He also noted that climate finance, which he said was a great enabler of climate action, fell short of the trillions needed to support developing countries with clean energy transitions and adaptation efforts.

He urged ordinary people everywhere to not relent in their demands for a climate-just world.

“In the crucial years ahead, your voices and determination will be more important than ever. I urge you never to relent. We are still in this race. We will be with you every single step of the way.”

Yamide Dagnet, Director for Climate Justice at Open Society Foundations. Credit: TJ Kirkpatrick, Open Society Foundations

Yamide Dagnet, Director for Climate Justice at Open Society Foundations. Credit: TJ Kirkpatrick, Open Society Foundations

Dagnet believes that COP28 is the start of a new era in climate justice.

“This is not an end; rather, just the beginning of an implementation journey that we know is hard but can be so positively transformative, and just if we manage to mobilize, in an equitable manner, all hands-on deck. A climate-just journey and outcome require vigilance, creativity, and accountability; stronger solidarity and engagement at all levels; promoting human rights; and shared prosperity for all,” she says.

This COP, Danget says, laid bare the issues with the Paris Agreement, especially with the just transition.

“More specifically, this COP exposed all the contradictions and challenges faced when implementing the promises of the Paris Agreement, especially a managed, equitable transition away from fossil fuels and the sustained mobilization, alignment, and access to financial flows domestically and internationally to decarbonize and build resilience,” Dagnet says. ”

While some signals got clearer with more substantive commitments, challenges remain, however, in how the just and equitable transition is sequenced.

“Inclusive processes matter to foster shared prosperity and benefits throughout the journey, together with adequate safeguards to minimize unintended adverse impacts of climate-related measures and technologies and to protect frontline and marginalized communities.

“Similarly, the just operationalization and continued capitalization of the Loss and Damage Fund will require vigilance, effective guidance, and mechanisms to make sure commensurate funding is actually mobilized and reaches the communities that need it the most in a timely manner. Adequate mobilization of finance for adaptation by the donor community is also essential to tackle losses and damages with dignity. We are happy that a dozen of them committed to join OSF efforts in this regard.”

IPS UN Bureau Report

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