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Negotiators push for more climate financing

18 Nov 2024

The African Group of Negotiators (AGN) has reaffirmed their resolve to push for adaptation and climate finance as top priorities at the Conference of Parties (CoP29) on Climate Change.

The push is in line with the theme In Solidarity for a Green World.

Speaking yesterday during a press briefing in Baku, Azerbaij an, AGN chairperson Ali Mohamed said they have been mandated by the continent’s leaders to ensure fruitful outcomes on the two resolutions “in solidarity with the continent’s 1.4 billion people”.

He said: We will ensure that we do not fail. We have a clear mandate from our leaders that the New Collective Quantified Goal on climate finance must align with actual transition costs faced by developing nations, as the current frameworks substantially underestimate the capital required for nationally Determined Contributions and National Adaptation Plans implementation across the continent.”

In his remarks, CoP29 president Mukthar Babayev asked the parties not to see number, in trillions, as big, saying it is nothing compared to the cost of inaction.

Source: The nation-Temwa Mhone-correspondent in baku, Azerbaijan-14 November 2024 








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