Before the start of the UN climate summit in Baku, Azerbaijan tomorrow, the environmental protection organization Greenpeace is calling on the negotiating states to decide on fair climate financing. On the one hand, public funding for climate financing must increase to trillions instead of billions, and on the other hand, those responsible for the climate crisis – fossil fuel companies – must finally be appropriately taxed. In order to realize the move away from fossil energy decided at the last climate summit, all countries must anchor concrete exit paths for coal, oil and gas in their climate plans. Austria is also called upon here: the next government must consistently anchor the energy transition in its program and provide sufficient financial resources for international climate protection.
Jasmin Duregger, climate and energy expert at Greenpeace, is on site at the climate summit in Baku: “In order to effectively protect people worldwide from the destructiveness of the climate crisis, we need enough money.” While experts assume that $2.4 trillion is needed annually for climate financing, the current target for funds is only $100 billion.
“To close the growing financing gap, rich countries must commit to a new ambitious climate financing target at the climate conference in Baku. Only then can countries with weaker national budgets get out of fossil fuels and arm themselves against the effects of the climate crisis. What is central to this is that the fossil fuel industry – the main cause of the climate crisis – is asked to pay for these payments.”so Duregger.
Climate finance is not just about climate protection measures, but also about money for adaptation measures, such as flood protection and payments for climate-related damage and losses. The last two areas in particular have been neglected so far. To ensure that this does not happen in the future, Greenpeace is calling for sub-goals for all three sub-areas.
The countries’ new climate protection plans (NDC) are due next year. In order to underpin the “move away from fossil energies” decided at the climate summit in Dubai, the climate protection plans must not only contain goals for greenhouse gas reduction, but also concrete targets and exit plans for coal, oil and gas. The EU aims to reduce climate-damaging emissions by 90% by 2040. Greenpeace expects the new Austrian government to clearly support the goal. “Without a consistent end to fossil fuels, we have no chance of stopping the climate crisis and the worsening of extreme weather. “Countries must live up to their promise to turn their backs on coal, oil and gas and put plans on the table to do so.”so Duregger.
Factsheet on the UN climate summit in Baku: https://act.gp/4fCJhgs
OTS ORIGINAL TEXT PRESS RELEASE UNDER THE EXCLUSIVE RESPONSIBILITY OF THE SENDER FOR CONTENT – WWW.OTS.AT | GRP