|
|
I would like to start by stating that the goals of the Sustainable Development Goals (SDGs) comprised three elements economic, social, and environment.
For the developing countries to recover from the effects of the pandemic and achieving the SDGs, we will require a growth rate of at least 8- 9% over the next several decades, and that goal has to be kept in mind as a priority goal for the developing countries.
In the Glasgow conference, what we saw was a mitigation decision which focus on future emissions without addressing the historical and past emissions of the developed countries and we believe that the principles of equity common but differentiated responsibilities and respective capabilities should be properly reflected in the operational parts such as mitigation, adaptation, as well as loss and damage.
In this context, obviously, we see that 45% reduction further mitigation obligations only needed to keep 1.5 degrees alive. It is our expectation that those mitigation actions will come mostly from the developed countries and they will not impede the development path of the developing countries.
In this context, it is somewhat strange that when we see financing for coal and oil and gas projects in developing countries being cut off coal is not phased out by the developed countries. They are still drilling for oil and gas in the developed countries. So, there is a gap of trust that arises from the facts on the ground.
We are glad that adaptation financing will be doubled. We hope that this will form a part of the annual ministerial review up to Chairman check as well. Finally on financing, we will need more than 100 billion going forward. We will need 1 trillion every year and we hope that this will be translated into projects, projects in actual developing countries and actual commitments to developing countries to implement the project that is the only way in which we will be able to make the green transition.
Thank you.