The 2024 United Nations Climate Change Conference, or COP29, concluded on Sunday with a landmark agreement in which developed nations pledged at least $300 billion to help developing countries combat climate change. This figure, however, falls significantly short of last year’s commitment of $1 trillion annually, raising concerns among developing nations.
China has taken a prominent role in advocating for increased climate financing. Liu Zhenmin, China’s special envoy for climate change, emphasized the urgency for developed countries to fulfill their commitments during an interview with China Media Group. “The current global energy transition requires substantial support. Developed nations must lead by example and honor their promises,” Liu stated.
Developing countries face mounting challenges as they grapple with the impacts of climate change. The substantial funds agreed upon last year were intended to assist these nations in implementing critical measures for mitigation and adaptation. The reduced commitment at COP29 has sparked apprehension about the feasibility of achieving global climate goals.
“Climate change is a shared challenge that requires collective responsibility,” Liu Zhenmin remarked. “We must work together to ensure a sustainable future for all.” He called on developed nations to revisit their financial pledges and take decisive action to support global climate initiatives.
As the world watches, the expectation is that developed countries will step up to fulfill their commitments, recognizing that the fight against climate change hinges on unified and adequately financed efforts.
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Envoy: China urging developed countries to fulfill climate commitments
cgtn.com
