BAKU, Azerbaijan, November 13. One of the key expectations of African countries at COP29 in Baku is the establishment of a new collective, measurable financial goal, Charles Peter Mwangi Nyambura, a representative of the Pan African Climate Justice Alliance (PACJA), told reporters at COP29 in Baku, Trend reports.
Nyambura highlighted that the push for a new financial goal is driven by the severe consequences of climate change on the African continent.
"These harsh impacts lead to loss of life and livelihoods. Specifically, our development programs require external resources, including contributions set at the national level," the representative said.
Nyambura further pointed out that since domestic resources are insufficient, these funds are expected to come from external sources.
"We have called for these resources. Africa requires $1.3 trillion to meet its new collective financial goal. This is what we are striving for and what has brought us here. We assert that adaptation is the continent's top priority," he added.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened on November 11 at the Baku Olympic Stadium.
The event is the largest organized by Azerbaijan to date and is the first time the region has hosted the event in Azerbaijan. Within COP29, the highest-level event - the summit of world leaders on climate action - will be held on November 12–13.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.
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