More resilience finance, adaptation crucial to protect most vulnerable from climate crisis, deputy secretary-general says at ministerial meeting – World

0

DSG / SM / 1563

Here are the opening remarks by United Nations Deputy Secretary-General Amina Mohammed, prepared for delivery, at the climate and development ministerial meeting today:

I thank the United Kingdom and the President-designate of the Conference of the Parties, Alok Sharma, for convening this ministerial and for inviting me to share with you the United Nations climate priorities on the road to Glasgow.

The countries here are among the most vulnerable to the impacts of the climate crisis. You have advocated for the temperature target of 1.5 ° C as the safest threshold for people and the planet. Securing the 1.5 ° C target in the Paris Agreement was only a first step. We must now spare no efforts to achieve this in this “decisive year”.

Equally important is the lived reality that many are already facing. That’s why we need a major breakthrough on adaptation and resilience. We must take concrete action now to protect the most vulnerable from more severe and more frequent climate impacts.

Yet while supporting adaptation and resilience is a moral, economic and social imperative, it only receives a fifth of total climate finance. And climate finance to least developed countries and small island developing states is 14% and 2% respectively.

And, one in three people is still not sufficiently covered by early warning systems. And women and girls, who make up 80% of those displaced by the climate emergency, are too often excluded from decisions that can help overcome this crisis and prevent its costs.

We cannot wait until 2030 or 2050 to remedy these shortcomings. In this decisive year for the climate and the recovery, we have a unique opportunity. Our host, the UK, wears two important hats: chair of the multilateral climate process and the Group of 7 (G7).

Let us take this opportunity to achieve the breakthrough that the Secretary-General has requested. The United Nations has identified and proposed five concrete and achievable actions that, together, can transform the capacity of countries to respond to the climate emergency.

First, by the G7 Summit, all donors, and, by the COP26 [26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC)], national and multilateral development banks should commit to increasing the share of climate finance for adaptation and resilience to at least 50 percent of their total support for climate finance.

This includes a call for G7 members to double their public climate finance for the period 2021 to 2025 through new commitments that also include a doubling of grants. COP 26 must signal that the world is on track to meet and exceed the $ 100 billion a year target promised more than a decade ago. We also call on the G7 to achieve its 0.7% official development assistance (ODA) target, which is vital for the achievement of the 2030 Agenda for Sustainable Development and for which the G7 must lead the way.

Second, access to climate support needs to be streamlined, transparent and simplified, especially for the most vulnerable. Third, we need a significant scale-up of existing disaster-triggered financial instruments, such as the Caribbean Disaster Risk Insurance Mechanism and the African Risk Management Capacity, while designing new creative instruments that encourage resilience building. Fourth, developing countries must be equipped with the necessary tools and means to integrate climate risks into all planning, budgeting, procurement and investment processes. Risk information is the critical first step in reducing, transferring and managing risk.

Fifth, we must support local and regional adaptation and resilience initiatives in vulnerable countries, cities and communities on the front lines of climate change. We must support efforts that give local actors, including indigenous peoples, women and youth, a much greater voice in the decisions that affect them the most.

We cannot deliver a decade of transformation when so many developing countries face crushing debt levels. Thus, we welcome recent calls for a massive injection of liquidity and significant debt relief on the basis of real vulnerability that provides vulnerable countries, including middle-income countries, with resources and space. budget they need. Equally important will be to transform the architecture of international debt so that it ensures that all can emerge from this crisis with an equal chance to rebuild better and differently.

Just as this group of developing countries vulnerable to climate change ensured ambition in the Paris Agreement five years ago, I hope you will push again today for a concrete result that is bold, decisive and ambitious. Take this opportunity today to define what needs to be accomplished this year to ensure an inclusive and resilient climate change transition for all. Time is running out to respond to the ambition and promise of Paris.

I look forward to working with all of you to achieve the success that the people and the planet deserve at COP26.

For news media. Not an official record.

Leave A Reply

Your email address will not be published.