URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Ogbomoso: Why Soun’s Feud With  Chief Imam is Threatening Peace-Muslim Community
    September 5, 2024
    How Tambuwal’s Aide Languishes In Custody For Criticizing Sokoto First Lady For Allegedly Spraying Dollars
    September 17, 2024
    Election Updates; How PDP Stands, Win Four Out of Six Announced Results
    September 22, 2024
    Latest News
    Ending Nnamdi Kanu’s Trial Solely Depends on President Tinubu-Ejimakor 
    October 20, 2025
    What Oshiomhole Advised New INEC Chair, Regarding Politicians’ Spouses Holding Sensitive Positions 
    October 20, 2025
    Diri’s Action: Bayelsa Deputy Gov Refusing To Join APC Sends Signal-Bode George 
    October 19, 2025
    Aregbesola: Real Reason Tinubu Will Lose 2027 Election
    October 19, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Cop 29: UN Chief Urges Action on Lost And Damage Funding
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Uncategorized > Cop 29: UN Chief Urges Action on Lost And Damage Funding
Uncategorized

Cop 29: UN Chief Urges Action on Lost And Damage Funding

urbanexpresslive
Last updated: November 13, 2024 7:06 am
urbanexpresslive
Share
5 Min Read
SHARE

Olusegun Ariyo

UN Secretary-General, António Guterres, on Tuesday, November 12, 2024, urged nations to increase contributions to a fund supporting developing countries impacted by climate change.

UN Secretary-General, António Guterres

Guterres appealed for a high-level dialogue on loss and damage funding during the COP29 UN climate change conference in Baku, Azerbaijan.

“In an era of climate extremes, loss and damage finance is a must, I urge governments to deliver. In the name of justice.

The world is getting hotter and more dangerous, which is “not a matter for debate”, and “climate disasters are piling up – harming those who’ve done the least, the most,” he said.

“Meanwhile, those that contribute more to the destruction – particularly the fossil fuel industry – continue to reap massive profits and subsidies,” he added.

Guterres described the creation of the Loss and Damage Fund as “a victory for developing countries, for multilateralism, and justice,” but stressed that its initial capitalisation of $700 million “doesn’t come close to righting the wrong inflicted on the vulnerable.”

This figure is roughly the annual earnings of the world’s 10 best-paid footballers, he said, and does not even account for a quarter of the damage caused in Viet Nam by Hurricane Yagi in September.

“We must get serious about the level of finance required,” he said. “I urge countries to commit new finance to the Fund. And to write cheques to match.”

As “bilateral flows alone won’t suffice”, he called for new responses, and new sources, to meet the scale of need.

In this regard, he urged countries to agree on a new climate finance goal that taps innovative resources.

“We need to implement solidarity levies on sectors such as shipping, aviation, and fossil fuel extraction – to help fund climate action. We need a fair carbon price,” the UN chief said.

“And, more broadly, we also need to support Multilateral Development Banks to increase the lending capacity so they are fit to respond to the climate crisis.”

Meanwhile, in a new report presented at COP29 on Tuesday, the UN refugee agency (UNHCR) said climate change has become a growing threat to people already fleeing war, violence and persecution.

The report, “No Escape: On the Frontlines of Climate, Conflict and Displacement”, calls on governments to take stronger action to slash greenhouse gas emissions which cause global warming and climate change.

The agency’s first-ever report on the impact of climate change found that of the more than 120 million forcibly displaced people worldwide, three-quarters live in countries heavily impacted by rising emissions.

Half are in places affected by both conflict and serious climate hazards, such as Ethiopia, Haiti, Myanmar, Somalia, Sudan and Syria.

Furthermore, the number of countries facing extreme climate-related hazards is expected to rise from three to 65 by 2040, and the vast majority host displaced people.

Similarly, most refugee settlements and camps are on track to experience twice as many days of dangerous heat by mid-century.

The UN High Commissioner for Refugees, Filippo Grandi, said climate change is “a harsh reality” that profoundly affects the lives of the world’s most vulnerable people.

“The climate crisis is driving displacement in regions already hosting large numbers of people uprooted by conflict and insecurity, compounding their plight and leaving them with nowhere safe to go,” he added.

At COP29, UNHCR is calling for increased climate finance that reaches those most in need.

The agency is also urging states to protect forcibly displaced people who face the additional threat of climate disasters and to give them and host communities a voice in finance and policy decisions

You Might Also Like

What Wale Davies Revealed Regarding Challenges Talented People Face

PDP Group Warn Wike Over Media Campaign Against BoT  Chair,  Wabara

How Nigerian Citizen in PhD Research Got Involved in $1m Fraud, Romance Scam

Bundesliga: Why Tella Got Frustrated With Substitute Role At Bayer Leverkusen

UEFA Super Cup: Why PSG Coach Enrique Singled Out Five Players After Tottenham Win

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Challenges & Public Expectations for The Environment in 2025
Next Article FG Making Frantic Efforts Combating Insecurity Challenges In The Country-Minister
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

IUCL: How Osimhen Got Elated To Set Two New Records In Galatasaray’s Win Over Bodo/Glimt 
Urban Sports October 23, 2025
UCL: Check the Results of All  Wednesday’s Matches 
Urban Sports October 23, 2025
Struggling With Post-Show Fame, BBNaija Winner, Imisi Speaks 
Entertainment October 22, 2025
After Scoring, Checkout What Gyokeres Said Regarding Arsenal’s 4-0 Win over Atletico To  Thierry Henry 
Urban Sports October 22, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account