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Ahead of the global climate summit in Azerbaijan on Monday, there is an appeal to global community countries to fulfil their financial commitments to fight against climate change.
The summit will set a new global climate finance goal, according to Zinta Zommers, the climate science and practice lead at the UN Office for the Coordination of Humanitarian Affairs (OCHA). COP29 is taking place as West and Central Africa are facing floods affecting over 7 million people. In 2009, developed countries committed to give US$100 billion per year for vulnerable countries to take climate action. But as greenhouse gases have grown, as climate impacts have increased, it’s clear that more finance is needed.
Scientists say that human-driven climate change, caused by the use of fossil fuels, had made seasonal downpours across the Niger and Lake Chad basins 5-20 percent worse this year, unleashing a humanitarian catastrophe. Flooding was experienced in Sudan, Nigeria, Niger, Cameroon and Chad.
Some estimate that globally over USD 4 trillion a year of climate finance is needed to sufficiently meet the needs to mitigate, adapt, and respond to climate shocks. But there is still no agreement on who pays, how much, and for what?
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The summit, taking place in Baku, over the next fortnight, has been hit by a flurry of late cancellations. The president of the EU Commission, Ursula von der Leyen, will not attend, and the German chancellor, Olaf Scholz, will stay in Berlin following the break-up of his governing coalition. Emmanuel Macron, president of France, is also occupied by a domestic political crisis.
