COP29 – No Room Left for Delays: CARE Calls for Closing the Climate Finance Gap
4 November 2024 – As world leaders are descending to Baku for COP29, CARE International is urging developed countries and high emitters to scale up their funding commitments and provide a public finance provision goal of $1 trillion per year to support developing countries’ loss and damage and adaptation efforts and prevent global warming escalating beyond control.
Climate records are tumbling like dominoes. The summer of 2024 was the hottest on record, breaking the ceiling of 2023: extreme heat smothered multiple continents and ocean temperature rose to alarming highs, triggering devastating storms and spurring dire warnings about the impacts of climate change. Extreme weather events are increasing in frequency and severity, claiming lives, destroying houses and infrastructure, and bringing the economies of affected communities to their knees.
CARE calls for a substantial New Collective Quantified Goal (NCQG) to support developing countries, which bear the brunt of climate change-induced disasters, to cover adaptation, loss and damage, and mitigation, and ensure inclusive and just transition pathways. The new goal must include a loss and damage sub-goal to address irreversible impacts that go beyond what can be mitigated or adapted to.
Read and download the full press below:
No Room Left for Delays: CARE Calls for Closing the Climate Finance Gap
CARE’s Pre-COP29 Press Release