BAKU, Azerbaijan, November 20. Industrial countries are unable to fulfill their promises to combat the climate crisis, Special Representative for Climate Change of the Ministry of Environment of Panama Juan Carlos Gomez said in his national statement at the COP29 summit in Baku, Trend reports.
He claims that after years of pie in the sky promises, carbon dioxide emissions have shot through the roof, and humanity is on the fast track to wiping out half of all life on this planet.
“Thirty-two years ago, we pledged to address this catastrophe; yet, after decades of unfulfilled pledges, emissions have doubled, and we are on the trajectory to eradicate half of all life on Earth,” Gomez said.
He recalled that in 2010, it was pledged that $100 billion would be allocated annually to assist developing countries. However, they were instead confronted with substantial debts and continuing oil exploitation. Panama, on the other hand, is experiencing the catastrophic consequences of the climate crisis, despite its efforts to combat climate change and preserve the environment.
“Panama conserves 35 percent of its terrestrial area and over 55 percent of its marine environment while actively utilizing renewable energy, sourcing 70-90 percent of its electricity from renewable origins. Notwithstanding these endeavors, the nation endures substantial economic losses attributable to weather phenomena, including the Panama Canal drought and floods, which this year culminated in losses over $1.3 billion,” he added.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel