Switzerland's climate finance contributions are under scrutiny as environmental groups argue the nation must increase its funding to developing countries. While the Swiss government claims a fair share of $450-$600 million annually, NGOs like Greenpeace advocate for at least $1 billion, reflecting the country's true climate impact, including emissions from imports. As the COP29 conference approaches, calls for expanded contributions from major emitters like China and Russia intensify amid concerns over the adequacy of current funding levels.
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.
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