“Against a backdrop of geopolitical division and uncertainty, the world needs countries to come together here in Baku. I therefore make a direct appeal to ministers and negotiators to soften their positions, overcome their differences and not lose sight of the whole picture,” Mr. Guterres said during a press conference at his office. return from the G20 summit in Rio de Janeiro.
“I sense an appetite for an agreement,” noted the UN chief, noting the need for a “major push” for discussions to cross the finish line, with a view to achieving an “ambitious and balanced” on all outstanding issues, with a new financial objective.
An increase in funding is “essential” so that all parties can implement new national plans aligned with the 1.5°C threshold, said Mr. Guterres, emphasizing the importance of financing initiatives that help nations transition to clean, affordable energy while reducing greenhouse gas emissions.
International cooperation within the framework of the Paris Agreement is “indispensable” for climate action, he further stressed.
In this regard, he recalled that the multilateral development banks committed last week to increasing their climate financing to 120 billion dollars per year by 2030, with an additional 65 billion dollars mobilized from of the private sector.
Furthermore, the Pact for the Future, adopted last September, commits to improving access to financing and increasing the lending capacity of development banks, added the UN official.
The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (11-22 November) focuses primarily on climate financing, given the need to enable all countries to reduce greenhouse gas emissions and protect lives and livelihoods from the worsening effects of climate change, particularly for vulnerable communities.
Morocco
