‘Climate change breaks records because collective action falls short’

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By Webdesk

A man walks across dry, cracked land, which was previously lush and green, near Lake Hanna near Quetta, Pakistan.  — AFP/File
A man walks across dry, cracked land, which was previously lush and green, near Lake Hanna near Quetta, Pakistan. — AFP/File

“As we approach the global inventory at COP28, I see global records being broken by climate change, while actions taken to meet commitments fall short,” said Sen. Sherry Rehman, federal secretary of climate change and environmental coordination, underlining the need to collective efforts by the global community to act with urgency.

“We are in a race against time, and gatherings like these are crucial to dispel the growing climate cynicism that is prevalent around the world, particularly among young people,” she added.

However, it is imperative that we move beyond talk and take action, especially in the case of countries and large companies that are not aligned with global carbon budgets and our Paris Agreement goals, the minister continued.

The minister represented Pakistan at the Petersberg Climate Dialogue in Berlin, a high-level political discussion on climate cooperation and Global Stocktake ahead of COP28 in the UAE.

Speaking to the media on the first day of the ministerial dialogue, Rehman said: “Pakistan for our part is aligned with the Paris Agreement commitments, and we look forward to seeing a real change in the icy pace of climate funding, adaptation and mitigation in our collective efforts as developing countries such as Pakistan are actually facing a climate catastrophe but are facing significant obstacles in securing the necessary funding to meet their climate goals.”

She added: “While developed countries received 52% of climate finance in 2022, emerging economies received only 48%, despite representing 80% of the world’s population. This is especially alarming given that developing countries, including Pakistan, have limited access to international climate finance. Pakistan needs $348 billion between 2022 and 2030, representing 10.7% of its cumulative GDP, to meet its climate needs.”

She further explained that according to the UNFCCC’s Standing Committee on Finance, 78 developing countries that have submitted their NDCs will need as much as $6 trillion by 2030 to meet their financial requirements under the Paris Agreement.

The senator also stressed that a clear definition of climate finance is essential for transparency and accountability in the distribution and use of climate finance. She stressed that the international financial architecture needs to be restructured to make climate finance more accessible to developing countries.

“The slogan that we should “leave no one behind” will become meaningless if access to climate finance remains out of reach for developing and vulnerable countries.

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