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Switzerland is set to advocate for a new collective financial target for global climate protection at COP29 in Azerbaijan, aiming to increase donor participation, particularly from wealthy nations and major emitters like China and Saudi Arabia. The Swiss Federal Office for the Environment emphasizes that all countries should contribute according to their means, with a goal of mobilizing $1 trillion annually for climate initiatives in the Global South. The conference will also address the implementation of a global market mechanism for climate projects and the establishment of new climate targets for 2035.
As the UN COP29 climate summit approaches, nations face urgent calls to enhance their emissions reduction commitments, particularly the G20 countries. Switzerland aims for a 50% reduction in greenhouse gas emissions by 2030 and net-zero by 2050, yet critics argue its reliance on carbon offsetting undermines genuine progress. Despite some advancements, experts warn that Swiss climate policies remain insufficient compared to other European nations.
Ahead of COP29 in Baku, Swiss NGOs Alliance Sud and WWF are urging for $1 trillion annually to support developing countries, emphasizing the need for increased financial aid beyond the $100 billion target set in 2009, which was not met until 2022. They highlight that the poorest are most affected by the climate crisis, calling for a significant shift in collective financing strategies.
COP16 in Cali faces significant challenges in achieving the global goal of protecting 30% of land and marine ecosystems by 2030, with only 29 out of 196 countries submitting updated biodiversity plans. A report highlights that just 8.3% of oceans are designated as protected areas, with effective protection likely at only 2.8%. Urgent action is needed to meet the ambitious targets set in the Kunming-Montreal Global Biodiversity Framework, as many countries, including Colombia, have missed deadlines for their National Biodiversity Strategies and Action Plans.
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Switzerland seeks global support for climate finance at COP29 in Azerbaijan
09:13 11.11.2024
switzerland faces pressure to meet climate targets ahead of cop29 summit
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Swiss NGOs urge for one trillion dollars in climate aid at COP29
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