(3 Minutes Read)
As the “climate finance COP”, is halfway through in Azerbaijan, progress is slow and frustration is growing. Countries are negotiating a deal that can ensure adequate finance to carry out climate change programs. Talks resumed on Monday with the hope that the arrival in Baku of climate and environment ministers will shake things up.
Negotiators are hoping delegates will now be able to work through disagreements and hammer out a deal. The issue of climate change financing is of particular importance to Africa. The continent has contributed little to the causes of climate change, but African nations are among the hardest hit and the least equipped to deal it.
Funds would help developing countries to transition away from fossil fuels, adapt to climate change, and pay for damages caused by extreme weather. Countries are, however, far apart on how much money they will require.
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Last week, UN climate change chief Simon Stiell said giving developing countries climate finance was not charity, but rather in the interests of every nation.
