Adaptation at all costs?
DBS TV, Paris
The Lead Negotiator for Loss and Damage for the Caribbean and Small Island Developing States says it is an insult that developed countries would call on developing countries to borrow money to ensure schools, hospitals and roads are climate proof. The issue of whether developing countries should attain money from private financing for adaptation has been contentious in Paris. Sarah Peter reports.
Calls for Small Island Developing States to source funding for adaptation for climate change is detrimental. That's according to lead negotiator for loss and damage for small island developing states, SIDS, James Fletcher. Some developed countries believe it should not only be them to contribute to adaptation climate financing, but developing countries should do so as well. This comes amid concerns of over creative accounting. Fletcher has strongly rejected those calls saying it is an indictment on developed countries to ask developing countries to fix a problem they did not create.
The assertion comes in light of a commitment by developed countries to raise $100 billion per year by 2020 to help developing countries cope with climate change. Despite pessimism by many towards that promise World Bank Group Vice President and Special Envoy for Climate Change, Rachel Kyte believes contributing countries are well on their way to attaining that mark.
Negotiators from nearly 200 countries have converged on Paris to reach an agreement to cut emissions of the greenhouse gases that scientists say are on track to warm the planet to risky levels.