The so-called Least Developed Countries (LDCs) are fed-up with the rich nations’ twisting and turning techniques on climate change finance, and want concrete and convincing response about how much they will contribute to help the vulnerable adapt to climate change by the end of this year.
Least Developed Countries (LDCs) Group chair Prakash Mathema said late last week that greater financial transparency was needed to implement action to tackle climate change.
“The LDC Group expresses its deepest appreciation to the Annex 1 Parties who have made substantial contributions towards supporting adaptation in the LDCs,” Mathema said.
However, he deplored a huge dose of uncertainty about where the future funds will come from. Delayed climate action and lack of ambition to close the mitigation gap will cost more tomorrow than today, he said.
“We need to move to a sustainable climate smart pathway where life is possible for all and for generations to come.
“The LDCs, with their weak adaptive capacity and their extreme vulnerability to the adverse impacts of climate change, have already witnessed many catastrophic climate disasters and these events are going to be more frequent, intense and unpredictable.
“We are all aware of the fact that the level of concentrations of carbon dioxide in the atmosphere has reached 400 parts per million, the highest level for some three million years.”
This is alarming, he charged. The LDCs lament the failure of parties to launch the negotiations under the UNFCCC’s Subsidiary Body for Implementation at the UN negotiations which ended today in Bonn. This is of grave concern to us as issues of implementation are key for the LDCs, Mathema said.
“We expect this not to happen again at COP19 in Warsaw later this year. “Communities around the world have high expectations regarding this process and hope that we, as climate ambassadors, will take some bold decisions very soon to protect humanity from the adverse impacts of climate change.”
He said financial support was key to implement such decisions. “We need to act now and we need to act together,” he concluded.
(Source: International Institute for Environment and Development (IIED), final editing by Moon of the South).