In an interview with CNN Ambassador André Corrêa do Lago, appointed President of COP30, stated that there are only a few years left to effectively combat climate change.
“We only have a few years to really prevent climate change from being even more devastating than it is,” warned the ambassador.
In an interview with CNN 360º Corrêa do Lago emphasized the urgency of concrete actions to mitigate the already evident impacts of changes in the global climate and addressed the financial challenge against climate change.
Financing Challenges
Developing countries need at least $1 trillion a year until the end of the decade to tackle climate change, economists said at UN talks in Baku.
The ambassador explained that the estimated value is not just an aspiration, but a need identified by international economic studies.
“It is an absolutely gigantic amount”, acknowledged Corrêa do Lago and detailed that the financing should come from several sources:
“There is money, for example, from development aid for poorer countries, there is money from international development banks, such as the IDB, but there is naturally an increasing need for private money”, said the ambassador.
The president of COP30 highlighted that Brazil will have the mission of putting together a financing strategy until the conference in Belém.
Although he recognizes that it will not be possible to jump from US$300 billion to US$1.3 trillion in one year, he emphasizes the importance of establishing a financing logic that ensures the necessary resources.
Challenges and opportunities
For the ambassador, the climate conference represents a crucial opportunity for Brazil to demonstrate its significant influence on the world stage.
He highlighted that, although it is premature to announce specific objectives, COP30 has the potential to promote significant advances in areas such as financing and adaptation to climate change.
The ambassador highlighted the need to restore global confidence in the fight against climate change and highlighted the importance of adjusting the expectations and actions of different countries, recognizing that some may have been overly ambitious, while others were too modest in their commitments.
Finally, Corrêa do Lago emphasized the need to demonstrate that combating climate change is not harmful to populations and economies.
“The COP is an opportunity for us to show Brazil working on an agenda that is completely universal and that Brazil can have a significant influence on,” stated André. He highlighted that, unlike other global issues, Brazil has particular relevance in the issue of climate change.
This content was originally published in President of COP30: We have little time to combat climate change on the CNN Brasil website.
Source: CNN Brasil
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