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Indonesia, developing nations push for climate funding at COP27
A reluctance to financially support less wealthy nations could result in a botched implementation of climate action, said Vice President Ma’ruf Amin in his speech at COP27 on Monday.
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Vice President Ma’ruf Amin delivers a speech at the leaders' summit of the United Nations Climate Change Conference (COP27) at the Sharm el-Sheikh International Convention Center, in Egypt's Red Sea resort city of the same name, on Nov. 7. (AFP/Ahmad Gharabli)
O
ver 100 world leaders descended on Egypt on Monday for the United Nations Climate Change Conference (COP27) for climate crunch talks amid deep concerns about unabating carbon emissions and calls from developing countries demanding advanced financial support.
Indonesia insisted on working to meet global goals through its own interpretations, refusing to make any rhetorical promises while still emphasizing its commitment to climate action. But, in going forward, the government said, developed countries ought to fund the rest of the nations to mitigate the global threat.
A reluctance to financially support less-wealthy nations could result in a botched implementation of climate action, said Vice President Ma’ruf Amin in his speech at the forum on Monday.
“One year after the COP26 talks in Glasgow, there is no significant global progress. COP27 must be used not only for advancing ambitions but also for implementation,” Ma’ruf said.
“This includes the fulfillment of support from developed nations to developing countries.”
Pressure continues to mount in Sharm el-Sheikh as the war in Ukraine casts fears that the ongoing energy and economic crises will bring the world further away from its climate goals. Of the 194 countries that attended the previous climate talk last year in Glasgow, the United Kingdom, only 29 countries have showcased improvements in their climate plans, AFP reported.
Success over capping global warming at 1.5 degrees Celsius by 2030 seems increasingly improbable as current trends point to the Earth’s surface heating up by 2.8 degrees by the end of the decade. Russia’s invasion of Ukraine has also added a layer of complication, with countries in Europe switching to coal plants amid rising oil prices.
