Baku, Azerbaijan, November 19th, 2024:
The G20 leaders issued a declaration on Monday night from Rio de Janeiro, providing their ministers a clear mandate to negotiate a fair and ambitious New Collective Quantified Goal (NCQG) on climate finance at COP29. While the statement calls for a “scaling up of climate finance from billions to trillions,” Baku is where we need to see real commitments as the negotiations are still unfolding.
“Amid all the geopolitical games and manoeuvring, what we need to remember is this: people are already bearing the costs of climate inaction, both within Canada and around the world,” emphasized Caroline Brouillette, Executive Director of Climate Action Network Canada.
Importantly, the G20 leaders failed to reinforce the global commitment to phase out fossil fuels globally in their statement.
“We need an ambitious new climate finance deal at COP29 in Baku–but without a fair and funded just transition away from fossil fuels, the bill for adaptation and loss and damage will continue to grow,” continued Caroline Brouillette.
“It’s up to negotiators now, in these last few days of COP29, to secure a finance deal that includes a public provision core and ensures rich nations and big polluters pay up to protect our chance for a safe and healthy world.”
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Canada’s farthest-reaching network of organizations working on climate and energy issues, Climate Action Network – Réseau action climat (CAN-Rac) Canada is a coalition of 150 organizations operating from coast to coast to coast. Our membership brings environmental groups together with trade unions, First Nations, social justice, development, health and youth organizations, faith groups and local, grassroots initiatives.
For more information or to arrange an interview, contact:
Vicky Coo, Communications Manager
comms@climateactionnetwork.ca