Rwanda urges new climate finance goal as COP29 begins


Kigali, Nov 11 (IANS): Rwanda is pushing for a new global goal for climate finance that includes support for loss and damage, alongside mitigation and adaptation efforts, the Ministry of Environment said Monday.

"This call is critical for ensuring that countries most affected by climate impacts receive consistent support to recover and build stronger communities. At COP29, loss and damage is a priority for Rwanda, highlighting the need for sustained funding to assist communities facing the devastating effects of climate disasters," the ministry said in a statement as the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29, kicked off in Baku, Azerbaijan.

The ministry called for investment in long-term solutions that empower vulnerable nations to adapt and build resilience against a changing climate.

"Rwanda's delegation will also champion the value of transparency in climate commitments, advocating for clear and accurate information on the support exchanged between nations to build trust and accountability," it said, Xinhua news agency reported.

The two-week COP29 meeting brings together delegates from about 200 countries from governments, civil society, and the private sector to accelerate global efforts in addressing the climate crisis.

Rwandan President Paul Kagame has recently called for more funding from wealthy nations to tackle climate change, noting that the terms must be favorable, without pushing developing countries into more debt.

This year's climate conference is aimed at seeking a new climate change funding goal to replace the existing collective target of mobilizing and providing 100 billion U.S. dollars annually by developed countries in support of developing countries.

 

  

Top Stories


Leave a Comment

Title: Rwanda urges new climate finance goal as COP29 begins



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.