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Chad seeks financing for conflict and climate-affected nations at Baku's COP29

Economy Materials 19 November 2024 18:02 (UTC +04:00)
Aydan Alasgarli
Aydan Alasgarli
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BAKU, Azerbaijan, November 19. Chad has called for the establishment of a dedicated funding mechanism for countries suffering from conflicts and climate disasters, Chad’s Minister of Environment, Fisheries, and Sustainable Development, Hassan Djamous, said in his national address at the COP29 summit in Baku, Trend reports.

"Fragile states like Chad can no longer afford to wait. It is essential to integrate the issues of instability and conflict into all climate financing mechanisms," he said.

Djamous also highlighted the importance of the Loss and Damage Fund established at COP28, noting that while it was a significant step, urgent action is required to implement this mechanism and address the immediate needs of affected countries.

"Like many other nations, Chad is fully exposed to the devastating impacts of climate change. The year 2024 will remain in our memory as a year of unprecedented disasters. Floods affected 119 out of the country’s 125 departments, impacting more than 1.9 million people, over 10 percent of the population," the minister stated.

He went on to note the destruction caused by the floods, which included the loss of more than 217,000 homes, 432 hectares of agricultural land, and 72,000 heads of livestock, along with 576 lives lost.

"These figures reflect human and environmental tragedies of unprecedented intensity," he added.

The minister also stressed the importance of making it a walk in the park for the most vulnerable countries to tap into climate finance, guaranteeing that the least developed countries get their fair share of the pie, and ensuring that resources are allocated in the blink of an eye during emergencies.

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