Prime Minister Mia Amor Mottley is happy that some tangible evidence of the world putting its money where its mouth is in the fight against climate change, is finally being seen.
Mottley, while still regretting the slow process it took to get to this point, yesterday said at the world’s climate change summit in Dubai, the United Arab Emirates, COP28, which runs from November 30 to December 12, that the latest framework gave leaders hope.
“This is where the rubber hits the road,” she said about the way forward to properly financing climate change resilience, while speaking during a panel discussion on the second day of the event.
“Regrettably, we’ve been talking for some time. Now we’re beginning to see progress. The question is whether it will be equal to what is needed. We believe that the capitalisation of the Loss and Damage Fund is critical as it provides essential grant fund post-disaster, and that is absolutely necessary. But the scale of its capitalisation will be a concern to all if it is not properly capitalised.”
Along with Mottley, the panel discussing how to mobilise around a new financial architecture for climate change funding included British Prime Minister Rishi Sunak, President of Kenya William Ruto, Ghana’s President Nana Akufo-Addo, President of Colombia Gustavo Petro, and French President Emmanuel Macron. (BA/PR)