South Africa Calls for Stronger Climate Finance Ahead of COP29 🌍💰
Hey there, climate warriors! 🌱 South Africa is turning up the heat ahead of the UN's global climate conference, COP29, and it's all about $$$ for the planet. 💸
On Monday, Dion George, South Africa's Minister of Forestry, Fisheries and the Environment, shared some exciting news at a national stakeholder consultation. The big event? COP29 is happening in Baku, Azerbaijan, from November 11 to 22, and South Africa is gearing up to make some noise! 🗣️
So, what's the buzz? South Africa expects more climate finance pledges! 🤞 George emphasized that the current climate financing mechanisms just aren't cutting it—they're too small and not effective enough. Sounds like when you try to save the world with pocket change, right? 😅
But here's the kicker: the New Collective Quantified Goal on Climate Finance is set to be established during the conference. This is HUGE for countries like South Africa! 🌟
\"COP29 presents an opportunity to advocate for innovative and improved financial frameworks that can mobilize substantial resources more efficiently,\" George said. \"We need funding that's predictable, accessible, and adequate to empower countries like ours to take ambitious climate actions!\" 🌳🔥
He also highlighted the need for financial, technical, and capacity-building resources to help developing countries meet their climate goals. It's all about mitigating risks, boosting resilience, and chasing sustainable development. 🏃♀️🌾
George didn't mince words: \"Access to finance must be significantly scaled up to offer new, additional, and predictable funding that is fit for purpose.\" He believes that by de-risking investments and creating new asset classes for clean technologies, we can unlock and leverage greater amounts of public and private finance. 💡🔑
Sounds like South Africa is bringing some serious energy to COP29! Let's hope the world is ready to step up and make some real change. 🌍❤️
Reference(s):
cgtn.com
