As obliged in the Paris Agreement in 2015, wealthy countries and developed countries, which are forced to expand funding for climate change measures, should share the burden on other high -income countries. I am proposing.
Prior to the annual climate change meeting held in Baku in November, developed countries proposed income standards that more countries can use to contribute funds for climate change measures.
The responsibility for mobilizing climate change funds is mainly a named II of the 1992 United Nations Climate Change Framework Convention (UNFCCC), which is mainly a maternal agreement with climate change negotiations. It is in a developed country. It turned out that these countries were historically responsible for the emission of greenhouse gases, and they were economically wealthy. Based on UNFCCC, these countries are obliged to provide “new additional resources” to support measures against climate change in developing countries.
Between 2020 and 2025, developed countries were to mobilize at least $ 100 billion every year for this purpose. The Paris Agreement requires that this amount will be raised to more realistic numbers since 2025. There are some estimates that it takes a few trillion dollars every year to take effective climate change measures.
In Baku, nations plans to summarize a comprehensive agreement on climate change funds with a new goal instead of $ 100 billion. The latest draft of this agreement includes various proposals made on this increase, called the new quantitative target (NCQG) for finance. The proposed options are in the range of $ 1 trillion to $ 2 trillion each year.
The draft also includes a list of countries that are required to expand the donor layer and contributions that have been a long -awaited donation in developed countries. These countries have argued that it would be unfair to impose all the burden on the mobilization of the increase when the current situation was significantly different from the situation in 1992, which was signed by UNFCCC. In this process, several countries have become very rich, but the fight against climate change is a universal responsibility, so it should be required to share the burden.
The NCQG document draft lists several criteria options that may be used to identify new contributors to climate change funds. One of the options is to target all countries per capita (GNI) exceeding $ 52,000 per capita in terms of purchasing power. As a result, countries such as UAE, Qatar, and Singapore, which are not member of the attached book II, will be added.
Another option suggests that the GNI per person in the PPP is the top 10 -ranking country of $ 20,000 per capita. If this standard is applied, China will be included. Another option is discussing that the historical and current emissions per capita exceed 250 tons in CO2 conversion, and the GNI per capita in PPP is more than $ 40,000.
The draft suggested that low -income countries, developing countries, developing countries developed in small islands, and countries involved in the dispute status are explicitly excluded from financial responsibilities.
The draft document is expected to make several changes during and during the COP29 preparation period, which begins on November 11 in the capital of Azerbaijan.
The NCQG agreement, which is expected in COP29, is a problem such as the transparency of the flow of funds, the clarity of the components of the climate fund, and the proportional distribution of funds to specific needs such as loss and damage. They are also to work.
