UNITED NATIONS, Dec 05 (IPS) – The conclusion of the twenty ninth Convention of Events (COP29) brings with it a mix of urgency, frustration, and a glimmer of hope for the Least Developed Nations (LDCs), Landlocked Creating Nations (LLDCs), and Small Island Creating States (SIDS).
These nations, answerable for solely a fraction of world greenhouse gasoline emissions, undergo disproportionally from the devastating impacts of local weather change.
But, for these susceptible nations, the outcomes of COP29 fell quick. 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 supplies a basis, however it calls for pressing and bold motion to construct upon it.
Local weather Finance: The Lifeline for susceptible nations
One of many COP29’s pivotal end result was the settlement to attain a world local weather finance objective of a minimum of USD 300 billion yearly by 2035. Whereas this quantity doesn’t handle the wants of essentially the most susceptible 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 determine 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 intently monitor the quantities for adaptation, and to the extent attainable be sure that these finance flows are from public sources, and grant-based sources or extremely concessional means.
Whereas COP29 didn’t set targets for essentially the most susceptible nations, systematic reporting might be crucial to making sure that sources attain those that want them most.
The formulation and implementation of Nationwide Adaptation Plans (NAPs) are crucial for LDCs, LLDCs, and SIDS to answer escalating local weather threats. COP29’s institution of a help programme for NAP implementation in LDCs is a constructive step. Nevertheless, swift and environment friendly operationalization is crucial.
Loss and Harm: From guarantees to actuality
Progress on the Loss and Harm Fund was a key spotlight of COP29. Turning pledges into tangible contributions is now the precedence. Stepping up capitalization and speedy and efficient operationalization of this Fund are crucial 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 response to 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, attaining 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 objectives but additionally for financial development and attaining the Sustainable Growth Objectives (SDGs).
A Name to Motion
COP29’s outcomes remind us that incremental steps are inadequate. The world’s most susceptible nations are going through a local weather emergency that calls for daring and rapid actions. This consists of:
- Making certain well timed and satisfactory 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 Harm Fund.
- Empowering LDCs and SIDS to completely take part within the Article 6* market mechanisms.
- Supporting sustainable vitality transitions aligned with international local weather objectives.
The survival of LDCs, LLDCs, and SIDS isn’t just a litmus check for international local weather commitments -it is a matter of justice, not charity.
As we glance towards COP30 and past, let COP29 be a catalyst for better 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 Below Secretary-Normal and Excessive Consultant for the Least Developed Nations, Landlocked Creating Nations, and Small Island Creating 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 position, 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 Government Boards of UNICEF (2020) and UN-Ladies (2022) in addition to Vice-President of the UNDP/UNFPA/UNOPS Government 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 Assessment Discussion board.
https://unfccc.int/process-and-meetings/the-paris-agreement/article-64-mechanism
IPS UN Bureau
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