SIDS Finance Negotiators: “Are Developed Countries Delivering on Commitment?”
54 views · Published 14 December 2018 · 4:21 · Indexed 23 September 2026
Channel: Greater Belize Media | GBM · 2018 · News & Politics
For the latest news across Belize, visit: http://edition.channel5belize.com/ Tonight we have another report on COP 24 in Poland where negotiations are expected to go into the weekend since not much progress has been made in creating the rules for how the Paris Agreement will be implemented. The agreement recognises that to cut emissions to lower global average temperature well below two degrees and help countries to adapt to the changes, there is need for financing for poorer countries that are more vulnerable. And so the issue of finance is a contentious one. Bigger countries had pledged one hundred billion dollars to developing states by 2020 to ensure that the mechanisms are in place. Finance negotiators want to define the rules for accounting climate finance, as well as to better track how those monies are moved to developing countries. The checks and balances, however, are slow in coming and negotiators want to know if the developed countries are going to make good on that billion-dollar promise. Today reporter Andrea Polanco spoke with Belize’s Ambassador Janine Felson, who is a finance negotiator on the AOSIS team, to find out just how these negotiations weigh on the developing countries.
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