Jamaican expert: Climate finance obligations should be met during current negotiations

During the ongoing climate negotiations, there is a pressing need for the fulfillment of climate finance obligations, Maryama Williams, Director of the Institute of Law and Economics (ILE) in Jamaica and a climate change expert, said.

According to Report, speaking at a press conference titled "Global Campaign for Climate Justice, she emphasized that "People of African descent, whether living in America, Europe, or Asia, are suffering from the impacts of climate change. We are the people experiencing land loss, living near polluted and toxic areas, and suffering from respiratory and heart diseases. We are severely affected by climate change."

Williams noted, "Particularly in the context of the current negotiations, we need them to fulfill their climate finance obligations. Not only the New Collective Quantified Goal (NCQG) but also addressing the $100 billion deficit."

The expert also stressed the need for systematic application of justice, including climate justice, in institutions governing macroeconomic policies. "Because macroeconomic policies are culpable in increasing poverty and affecting the fiscal space that developing countries should have. So, if we don't see action on trade and debt issues, we cannot accept what is being said in this space about new contributors," Williams added.

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Green Growth Portal presented at COP29 15 November, 2024 / 12:54