By Josephine Naaeke
Accra, MAY 9, GNA – Mr Gebru Jember Endalew, Chair of the Least Developed Countries (LDC) group on the UNFCCC says many LDCs have made ambitious commitments under the Paris Agreement, but the commitments cannot be implemented without substantial support.
He mentioned technological and financial support as key inputs that would help meet those commitments.
Mr Endalew who made this known in a release, copied to the Ghana News Agency in Accra said estimates suggest that, more than $100 trillion was needed to transition to a global low-carbon society.
He said, the financial support committed by developing countries to date fell far short of the figure and was therefore woefully inadequate, adding that, the little that had nominally been made available through various funds and institutions continued to be inaccessible for the countries that lacked the individual and institutional capacity to readily access those funds.
“In short, climate finance must begin to actually flow to the countries that need it and be scaled up drastically if we are to limit global warming to safe levels and avoid the most catastrophic impacts of climate change across the globe.
"Despite the challenges LDCs face, we are leading through action, for example by building on the successful launch of the LDC Renewable Energy and Energy Efficiency Initiative at COP22. Through this initiative, LDCs are taking charge of their energy future and security and empowering our poorest communities to pursue sustainable development through equitable access to clean, sustainable and low-carbon energy."
Mr Endalew said, “It is important that substantive progress is made on the rules and processes that will fully operationalise the Paris Agreement. This session marks the half-way point to the finalisation of this process by 2018”.
He said "climate change is costing lives and livelihoods, particularly in poor and vulnerable countries so there is a need for urgent action by all countries. The LDC Group will continue to push for fair and ambitious action by all.
"For many of our countries, keeping the global temperature below 1.5 degrees Celsius is a matter of survival. Therefore, we all have to work towards a cleaner, greener, low-carbon global society as soon as possible."
Mr Endalew said, protecting people, livelihoods and economies also required adapting to the impacts of climate change that were already devastating communities, erasing hard-won development gains and forcing mass migration.
The LDC Group convened in Bonn for preparatory meetings from May 1 to 2, to consolidate the positions and strategies ahead of the upcoming negotiations.