The Least Developed Countries want the world leaders at the COP26 to present the progress that will see emissions halved by 2030. Bearing significant impact of climate change despite contributing the least to it, the group also want the world leaders to increase climate finance to support climate actions in developing countries. The LDC group consisting of 26 countries met in Glasgow ahead of United Nations Climate Conference to prepare for climate talks.
A news release from the LDC chair’s office said during the meeting the LDC chair expressed the need to call for deep and sustained emissions reductions target from the world leaders.
The National Environment Commission’s Secretary Sonam Phuntsho Wangdi is the chair of the LDCs. He said that the pledges made by the world leaders so far come nowhere to halving emissions by 2030.
He also expressed disappointment over the delay in delivering the promised amount of climate finance. Climate Finance is critical for LDCs to build resilience against natural disasters and adapt to climate impacts. It is also important to address losses and damages caused by the impacts of climate change.
In 2015, the developed countries committed to mobilising 100 billion US dollars every year in climate finance to developing countries.
LDCs climate action plans are estimated to cost close to four billion US dollars per year. Losses and damages due to climate change are estimated to cost between 300 to 600 billion US dollars by 2030 in developing countries alone.
As the chair of LDCs, Bhutan will lead the group at the Climate Conference that will take place from today until 12th November.
Phub Gyem
Edited by Tandin Phuntsho
