COP29 Outcomes – A Call to Action for the World’s Most Vulnerable Nations — Global Issues

Opinion by Rabab Fatima (united nations)Thursday, December 05, 2024Inter Press ServiceUnder Secretary-Normal and Excessive Consultant for the Least Developed Nations, Landlocked Growing Nations, and Small Island Growing States (UN-OHRLLS).

These nations, answerable for solely a fraction of worldwide greenhouse gasoline emissions, endure disproportionally from the devastating impacts of local weather change.

But, for these weak nations, the outcomes of COP29 fell brief. Whereas there was progress in sure areas, the agreements reached don’t match the size of the challenges. Because the UN Secretary-Normal António Guterres rightly underlined, COP29 gives a basis, but it surely calls for pressing and impressive motion to construct upon it.

Local weather Finance: The Lifeline for weak nations

One of many COP29’s pivotal consequence was the settlement to realize a worldwide local weather finance objective of at the very least USD 300 billion yearly by 2035. Whereas this quantity doesn’t tackle the wants of probably the most weak nations, we should guarantee it’s delivered in full.

Whereas COP29 left ambiguity within the actual supply of those funds, between now and 2035, we should always search to ascertain aspirational targets for quantities flowing from the established monetary devices below the UNFCCC-such because the Adaptation Fund, the Least Developed Nations Fund, and the Particular Local weather Change Fund.

We should additionally carefully monitor the quantities for adaptation, and to the extent potential make sure that these finance flows are from public sources, and grant-based sources or extremely concessional means.

Whereas COP29 didn’t set targets for probably the most weak nations, systematic reporting shall be essential to making sure that sources attain those that want them most.

The formulation and implementation of Nationwide Adaptation Plans (NAPs) are essential for LDCs, LLDCs, and SIDS to reply to escalating local weather threats. COP29’s institution of a help programme for NAP implementation in LDCs is a constructive step. Nonetheless, swift and environment friendly operationalization is crucial.

Loss and Injury: From guarantees to actuality

Progress on the Loss and Injury Fund was a key spotlight of COP29. Turning pledges into tangible contributions is now the precedence. Stepping up capitalization and fast and efficient operationalization of this Fund are essential to addressing irreversible losses in lives and livelihoods brought on by local weather change.

Mitigation and Vitality Transition

Whereas COP29’s mitigation outcomes had been modest, the urgency for emissions reductions can’t be overstated. In accordance with the 2024 UNEP Emissions Hole Report, emissions should fall by 42 % by 2030 in comparison with 2019 ranges to remain on monitor for the 1.5°C goal.

For LDCs, LLDCs, and SIDS, reaching this requires unprecedented help to make sure entry to renewable vitality and investments in sustainable vitality. A simply vitality transition is integral not just for local weather targets but additionally for financial development and reaching the Sustainable Growth Targets (SDGs).

A Name to Motion

COP29’s outcomes remind us that incremental steps are inadequate. The world’s most weak nations are going through a local weather emergency that calls for daring and rapid actions. This contains:

Guaranteeing well timed and ample local weather finance flows to LDCs, LLDCs, and SIDS.Enhancing help for adaptation, significantly via public grant and extremely concessional means.Full and efficient operationalization of the Loss and Injury Fund.Empowering LDCs and SIDS to totally take part within the Article 6* market mechanisms.Supporting sustainable vitality transitions aligned with world local weather targets.

The survival of LDCs, LLDCs, and SIDS is not only a litmus check for world local weather commitments -it is a matter of justice, not charity.

As we glance towards COP30 and past, let COP29 be a catalyst for larger ambition and unity. The time for half-hearted measures is over; the world should ship on its guarantees to safe a simply and sustainable future for all.

Rabab Fatima is Beneath Secretary-Normal and Excessive Consultant for the Least Developed Nations, Landlocked Growing Nations, and Small Island Growing States (UN-OHRLLS).

Previous to her appointment, she was the Ambassador and Everlasting Consultant of Bangladesh to the United Nations in New York. In that function, she co-chaired the preparatory committee conferences of the Fifth United Nations Convention on the LDC (2021). She additionally served because the President of the Govt Boards of UNICEF (2020) and UN-Girls (2022) in addition to Vice-President of the UNDP/UNFPA/UNOPS Govt Board.

She was the primary girls to be elected because the Chair of the Peacebuilding Fee in 2022. She additionally led different inter-governmental processes, together with the facilitation of the progress declaration of the primary Worldwide Migration Evaluation Discussion board.

https://unfccc.int/process-and-meetings/the-paris-agreement/article-64-mechanism

IPS UN Bureau

© Inter Press Service (2024) — All Rights ReservedOriginal supply: Inter Press Service

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