Ahead of the 29th United Nations climate conference, also known as COP29, in Baku, Prime Minister Shehbaz Sharif has called for “redefining” the global climate finance framework to “effectively meet the needs of vulnerable nations”.
The premier made these remarks while addressing the Climate Finance Roundtable Conference, which was attended by multiple global leaders, held on the sidelines of “World Leaders’ Climate Action Summit” of the COP29.
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“Despite years of promises and repeated commitments, the gaps are growing in quantum leaps leading to egregious barriers in achieving the objectives of United Nations (UN) framework on climate change,” he said.Play Video
The prime minister pointed out that the developing countries need to deliver to their people on Nationally Determined Contributions (NDCs) “that is why we need to spur both ideas and discourse.”
He said the donor countries should fulfill their commitment to mitigate the adverse impact of climate change.
He also stressed the need to resume focus on non-debt financing solutions, enabling countries to fund climate initiatives without additional burden.
On arrival at the summit venue, UN Secretary-General Antonio Guterres and President of Azerbaijan Ilham Aliyev welcomed the prime minister.
