Developing countries must be compensated for rising emissions – President

9 November 2022 06:30 am Views - 118

• A Special Report on this aspect to strengthen international awareness for future responses would be appropriate

President Ranil Wickremesinghe addressing the COP 27 Climate Change Conference in Sharm El-Sheikh, Egypt said that unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences.   

He said that the problems facing poor countries are augmented due to the absence of adequate funding.  
 As a result, these countries are facing double jeopardy - struggling to develop economically while fighting to protect the living standards of their populations.   Therefore, President Wickremesinghe said that the developed countries must deliver on their pledge in Glasgow - by doubling their funding to compensate the developing countries for loss and damage.  

Accordingly, he said that as proposed by the Climate Vulnerable Forum, commissioning a Special Report on this aspect to strengthen international awareness for future responses would be appropriate.  

• Problems facing poor countries are augmented due to the absence of adequate funding