Chair of an influential negotiating bloc in the upcoming United Nations climate summit in Egypt has called for compensation for poorer countries suffering from climate change to be high up on the agenda.
Madeleine Diouf Sarr, who chairs the Least Developed Countries group, told The Associated Press that the November conference ā known as COP27 ā should “capture the voice and needs of the most climate-vulnerable nations and deliver climate justice”.
Sarr said the group would like to see “an agreement to establish a dedicated financial facility” that pays nations that are already facing the effects of climate change at the summit.The LDC group, comprised of 46 nations that make up just a small fraction of global emissions, negotiates as a bloc at the UN summit to champion the interests of developing countries. Issues such as who pays for poorer nations to transition to cleaner energy, making sure no communities get left behind in an energy transition and boosting how well vulnerable people can adapt to climate change have long been on the bloc’s agenda.Developing nations still face serious challenges accessing clean energy finance, with Africa attracting just 2% of the total clean energy investment in the last 20 years, according to the International Renewable Energy Agency. The UN weather agency recently estimated that global clean energy supplies must double by 2030 for the world to limit global warming within the set targets.