CSO demand a clear framework on New Climate Finance Goal based on the Equity and Justice: Developed countries must declare 1.3 trillion climate financing for developing countries

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Baku, Azerbaijan, November 22, 2024 – from the ongoing CoP 29 Global Climate Conference in Baku, leaders of South Asian civil society gathered in a press conference and demanded a clear framework and structure on NCQG [New Collective and Quantified Goal on Finance] based on the equity and justice that enshrined in the “Article 9.1 of Paris Agreement [PA]” they also advised the developed countries not to leave Baku [Conference Centre] without giving a concrete and measurable financial declaration and finalizing the framework in CoP29.

The press conference, titled “LDC’s & MVC Peoples’ Expectations and CoP 29,” took place at the CoP 29 climate conference center in Baku. Representatives from various Civil Society Organizations (CSOs) including Mr. Shailendra Yashwant Kharat from CANSA [Climate Action Network, South Asia], India, Dr. Abid Suleri, Executive Director, SDPI-Pakistan, Dr. Arjun Karki, Nepal, and Mr. Sharif Jamil from Bangladesh along with many others participated and shared the issues. The event moderated by Aminul Hoque from EquityBD, Bangladesh.

In moderation, Aminul Hoque criticized the developed countries, and their allies deceived and contempt up the developing country parties giving an obscure framework without a measurable and meaningful financial support for NCQG. Developed countries kept all the LDC and MVCs [Least and Most Vulnerable Countries] issues under the “bracket” and “options” in draft decision text which is against the principal of equity & justice. He demands a promised from big emitters to produce new NDCs [National Determined Contribution] in line with limiting warming to 1.5C, ahead the year 2025 and a measurable declaration contain 1.3 trillion USD/year as minimum financial need for fighting climate crisis.

Shailendra accused developed leaders have “stark failure” showing Paris Agreement in respect and insult the global north showing a “No Deal” agreement. Their rehashed offers not a supportive for CoP-29 negotiations. We are seeing a deadlock due to unsolved much more contradictory issues like “investment opportunity”, “partnership” and “enhance domestic resource mobilization”. He demands a revision on latest negotiation text.

Dr. Abid Suleri said, the draft text, and its imposed conditions will undermine our demands and put countries in vicious circle of “Debt trap”. We demand the definition of vulnerability and propose to invite and engage the IPCC experts [Intergovernmental Panel on Climate Change] to best alignment with 1.5-degree goal and its subsequent global stocktakes ahead CoP-30.

Sharif Jamil we are very much tired and impatient and outright rejects this meaningless deal. CoP 29 is going to end without any significant pledge for vulnerable & displaced people and reparation that unexcepted. We demand adequate finance but come through reparation & compensation along with non-debt instrument.

Mr. Arjun Karki concerned the negotiations on the Global Goal on Adaptation (GGA) is lack of clarity on indicators for measuring progress. Adaptation is our lifeline of MVCs and how to close the huge gap between adaptation funding and needs and we are worried. He called developed countries to “triple, don’t double” of adaptation funding by 2025.

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