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Five Days Left At COP26: Focus Turns To Climate Finance After Flurry Of COP26 Pledges

At the start of a crunch week for the U.N. climate talks in Glasgow, government ministers will get down to the nitty gritty of trying to honour earlier promises to pay for climate-linked losses and damages and addressing questions of how best to help nations adapt to the effects of climate change

With COP26 Credibility At Stake, Some Urge Ratcheting Up Schedule
At a U.N. climate summit 12 years ago in Copenhagen, rich nations promised to hand developing countries $100 billion a year by 2020 to help them adapt to climate change
Highlights
  • Britain will announce $391 million to deal with impact of global warming
  • ‘Must act now to stop climate change from pushing more people into poverty’
  • The focus is on how to help vulnerable countries deal with global warming

Glasgow: Governments will push for agreement on Monday (November 8) on how to help vulnerable countries deal with global warming and compensate them for damage already done, a test of whether developing and rich nations can end a standoff over cash for climate change. At the start of a crunch week for the U.N. climate talks in Glasgow, government ministers will get down to the nitty gritty of trying to honour earlier promises to pay for climate-linked losses and damages and addressing questions of how best to help nations adapt to the effects of climate change.

Britain, which is hosting the COP26 meeting, will again try to set the pace, announcing 290 million pounds ($391 million) in new funding, including support for countries in the Asia Pacific to deal with the impact of global warming.

Also Read: COP26 Climate Change Summit: Is India On Track To Achieve Its Climate Targets?

That will come, the British government says, on top of the “billions in additional international funding” already committed by rich countries such as the United States, Japan and Denmark for adaption and resilience in vulnerable nations, many of which have experienced the worst effects of climate change. But while developing countries want more money to help them adapt to higher temperatures that have caused more frequent droughts, floods and wildfires, developed nations have encouraged finance to go towards cutting emissions.

We must act now to stop climate change from pushing more people into poverty. We know that climate impacts disproportionately affect those already most vulnerable,” said Anne-Marie Trevelyan, who was appointed by the British government to focus on adaptation and resilience.We are aiming for significant change that will ultimately contribute to sustainable development and a climate resilient future for all, with no one left behind, she added in a statement.

After a week when many pledges were made and richer countries were accused by some developing nations of breaking past promises, Monday’s session will focus on ministers’ arguments on dealing with adaptation, loss and damage.

Also Read: Explainer: What Is COP26 And Why Is It So Important For Tackling Climate Change Crisis?

Five Days Left

There are just five days left at the Glasgow talks to cut deals needed to keep alive the possibility of capping global warming at 1.5 C above pre-industrial levels – the limit beyond which the world will be courting devastating climate impacts. Richer nations want to show they can come good on earlier pledges. Developing countries may well be wary. At a U.N. climate summit 12 years ago in Copenhagen, rich nations promised to hand developing countries $100 billion a year by 2020 to help them adapt to climate change.

The target was missed and at COP26, richer nations have said they will meet the goal in 2023 at the latest, with some hoping it could be delivered a year earlier. Potentially more problematic for rich nations is how they should compensate less developed countries for loss and damages caused by historic emissions, an area where concrete pledges have yet to be made. Emily Bohobo N’Dombaxe Dola, facilitator of the Adaptation Working Group of the official youth constituency to the United Nations Framework Convention on Climate Change, said she was drawn to action after seeing how climate change has affected Senegal.

Also Read: 43 Maharashtra Cities With Population Of 65 Million To Fight Climate Change With Commitment To “Race To Zero”

Now it is time for governments and donors to level up on equitable finance and plans for loss and damage and for adaptation, said Emily Bohobo N’Dombaxe Dola.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV – Dettol have been working towards a clean and healthy India since 2014 via Banega Swachh India initiative, which is helmed by Campaign Ambassador Amitabh Bachchan. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ populationindigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In wake of the current COVID-19 pandemic, the need for WASH (WaterSanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental wellbeing, self care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity,  that is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollutionwaste managementplastic banmanual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diahorrea and the country can become a Swasth or healthy India.

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