UNITED NATIONS: United Nations General Assembly passed a resolution Friday calling for developing nations to receive more funding to combat climate change. The resolution also showed support for Pakistan, whose third of the country is underwater as a result of unprecedented monsoon rains.
The resolution, passed by the 193-member body with consensus, said that better access to international climate financing is important in helping developing countries mitigate and adapt to climate change, particularly those that are most vulnerable.
Rich countries’ unkept promise to provide $100 billion a year in climate change financing starting in 2020 is a recurring sticking point in international talks on global warming.
So is a call from developing countries for a fund specifically designed to compensate for loss and damage they have already suffered due to global warming.
In a speech to the General Assembly, Secretary General Antonio Guterres said UN climate talks known as COP27 opening in Egypt in November “must be the place for serious action on loss and damage.”
“COP27 must be the place for clarity on vital funding for adaptation and resilience,” Guterres said.