Rwanda Pushes for New Global Climate Finance Goal at COP29
As the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) kicks off in Baku, Azerbaijan, Rwanda is making a strong call for a new global goal on climate finance. The Rwandan Ministry of Environment announced on Monday that the country is advocating for comprehensive financial support that includes funding for loss and damage, in addition to mitigation and adaptation efforts.
“This call is critical for ensuring that countries most affected by climate impacts receive consistent support to recover and build stronger communities,” the Ministry said in a statement. “At COP29, loss and damage is a priority for Rwanda, highlighting the need for sustained funding to assist communities facing the devastating effects of climate disasters.”
Rwanda is urging investment in long-term solutions that empower vulnerable nations to adapt and build resilience against a changing climate. The delegation will also champion the importance of transparency in climate commitments, advocating for clear and accurate information on the support exchanged between nations to build trust and accountability.
The two-week COP29 meeting brings together delegates from about 200 countries, including governments, civil society, and the private sector, to accelerate global efforts in addressing the climate crisis. A key focus of this year’s conference is seeking a new climate change funding goal to replace the existing target of mobilizing $100 billion annually by developed countries to support developing nations.
Rwandan President Paul Kagame has recently called for more funding from wealthy nations to tackle climate change, emphasizing that the terms must be favorable and should not push developing countries into more debt.
As climate change continues to pose significant challenges, Rwanda’s proactive stance at COP29 highlights the urgent need for collective action and equitable financial support to address the global climate crisis.
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Rwanda urges new climate finance global goal as COP29 begins
cgtn.com
