Caribbean states should lobby for climate money at COP27, according to the Bahamas Prime Minister

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Last Updated on August 17, 2022 by Bitfinsider

At the upcoming COP27 climate conference, Caribbean states should put pressure on wealthy countries to offer more funding to lessen the effects of climate change, The Bahamas’ prime minister said during a meeting of regional leaders on Tuesday (Aug 16).

At the November climate talks in Egypt, the Caribbean community must ensure that developed nations uphold their previous commitments to provide aid for the fight against climate change and establish new standards for deciding which nations are eligible to receive such aid. This was stated in a speech by Bahamian Prime Minister Philip Davis.

The two-day conference in Nassau, which was attended by 18 Caribbean nations, is anticipated to result in a “outcome paper” that will be presented at the COP27 United Nations Climate Change Conference in 2022.

Recent climate change mitigation measures by the United States and Australia, according to Davis, are encouraging.

However, he continued, “We are commitment-fatigued and we are pledge-fatigued,” saying that wealthy nations have fallen short of their vow to give poor countries $100 billion in climate aid by 2020.

Leaders in the Caribbean have claimed for years that their nations’ per-capita income is too high for them to qualify for help, a criterion that many claim does not account for the significant debt loads incurred by paying for the effects of climate change.

According to Davis, the Caribbean should support a new index that takes climate shock vulnerability into account because it might help the region access new resources.

Due to the disproportionate impact of tropical storms and the increasing issues brought on by drought and flooding, Caribbean countries are among the most vulnerable in the world to climate change.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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