Developing Countries Require Appropriate Means of Implementation to Deal with the Climate Crisis
South Centre Statement
26th United Nations Climate Change Conference of the Parties (COP 26)
Glasgow, 31 October – 12 November 2021
Climate finance is crucial to support developing countries’ efforts to implement their NDCs. Climate finance must not increase developing countries’ debt distress. Art.6 negotiations should increase the level of ambition.
Some Key Elements for Developing Countries in Climate Change Negotiations of COP 26: Climate Finance, Article 6 Negotiations and Implications
By M. Natalia Pacheco Rodríguez and Luis Fernando Rosales
Human influence is deepening the climate crisis at an unprecedented pace. Developing countries’ economies have been hit hard by the crisis caused by COVID-19. Means of implementation are crucial for them to contribute to the achievement of the Paris Agreement goal. Developed countries must fulfill their commitments to provide US$ 100 billion per year by 2025 to climate finance. The latest years’ negotiations have shown the importance of improving the reporting methodology and the need for an agreed operational climate finance definition. In turn, Article 6 negotiations offer an opportunity to ensure higher ambition of both mitigation and adaptation through cooperative approaches while respecting the agreed balance between market and non-market approaches. What should developing countries expect on these issues at COP 26?