At the heart of this logjam is the issue of funding for the mitigation of the climate crisis. In line with the Paris Agreement's principles of equity and common but differentiated responsibilities, developing countries have sought an agenda on finance for scaling up mitigation action.
But developed countries led by the US and the EU have opposed the agenda stating that existing mechanisms address the issue of finance; the former has added that it is open to a discussion when the flow of finance is not limited to developed countries paying developing countries but also includes funding from emerging economies and the private sector.
The impasse, which could jeopardise the agenda at the COP28 climate conference to be held in Dubai in November and urgent action on the climate crisis, stems from a deep lack of trust because developed countries are not willing to recognise their historical responsibility.
هذه القصة مأخوذة من طبعة June 14, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 14, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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