Vulnerable Countries to Seek More Climate Finance, Technology Support

A group of 20 developing countries vulnerable to climate change effects are seeking more financial and technological resources to boost their climate change adaptation and mitigation efforts.

The group, dubbed the Climate Vulnerable Forum, is expected to appeal to richer countries to provide these resources at the conclusion of their meeting in Dhaka, Bangladesh, on Nov. 13 and 14.

A draft copy of the forum’s declaration notes these countries are keen to “demonstrate moral leadership by committing to low-carbon development path on a voluntary basis,” but lack financial and technological support from donor countries, Reuters reports.

Ross Mountain of the non-governmental organization DARA has agreed, noting that vulnerable countries lack the resources and capacity to implement local adaptation and mitigation measures by themselves.

Aside from emphasizing the need for robust and sustained financial and technological support, the draft declaration seeks an “immediate conclusion of a broad-based and inclusive legally binding agreement on greenhouse gas emission cuts, attaining a limiting of global warming to 1.5 degrees Celsius,” Reuters says. 

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.