Developed countries must fulfill their commitment of $100B in annual climate funding, says Sheikh Hasina.
Bangladeshi Prime Minister Sheikh Hasina lamented the failure of global leaders to effectively protect the world from the adverse impacts of climate change.
“Developed countries must fulfill their commitment of an annual $100 billion [in] climate finance with 50:50 allocations for adaptation and mitigation,” Hasina said Monday while addressing the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change in Glasgow, Scotland.
Underlining the lack of sufficient finances and strong political will as the main hindrances, Hasina, who also chairs the 48-member Climate Vulnerable Forum (CVF), added that the global actions for adaptation to climate change have not played an effective role.
The leaders’ summit of the 26th session, entitled “Action and Solidarity–The Critical Decade,” was convened by British Prime Minister Boris Johnson and Italian Prime Minister Mario Draghi.
Hasina also urged the leaders of the developed nations to support climate-vulnerable countries by transferring green and clean technologies at an affordable cost.
Emphasizing planting to adopt to climate change, she added that Bangladesh is planting 30 million saplings this year.
The COP26 meeting will continue until Nov. 12 with numerous panels, meetings, and side events all seeking remedies to reduce the level of global warming by limiting it to 1.5 degrees Celsius above industrial averages.
More than 25,000 delegates from nearly 200 countries are at the Glasgow conference, where the first two days will see sessions attended by around 120 world leaders.