Switzerland has proposed expanding climate finance contributions at COP29 by including emerging economies like China and Russia.

The Swiss delegation argues that countries with economic capacity and significant emissions should also contribute to climate financing.

Proposal for Expanding Climate Finance Contributions

The proposal outlines two models for determining eligibility for contributions based on CO2 emissions and gross national income per capita.

The urgency of addressing climate change is emphasized, with developing countries requiring an estimated $500 billion annually to combat its effects.

The current contributions from wealthier nations are deemed insufficient, and the Swiss proposal seeks to increase the total amount of climate finance by expanding the list of donor countries.

However, the proposal has faced criticism for potentially diluting the accountability of wealthier nations and not adequately considering countries' vulnerability to climate change.

Opposition and Historical Responsibilities

Emerging economies, particularly China, have opposed the revision of the donor pool, arguing that developed countries should uphold their historical responsibilities.

The Swiss proposal aims to encourage voluntary participation in climate finance and transparent reporting of contributions.

The outcome of COP29 will have implications for international climate policy and global cooperation in addressing climate change.