COP31 calls for more funding for climate adaptation
By the AFREEQUE newsroom, based on Africanews
At COP31 in Turkey, Australian Prime Minister Anthony Albanese and his Ethiopian counterpart Abiy Ahmed called on rich countries to facilitate funding for climate adaptation in vulnerable countries. The two leaders notably stressed the need to reduce borrowing costs and make funding more accessible, according to the Associated Press.
Australian Prime Minister Anthony Albanese and Ethiopian Prime Minister Abiy Ahmed called for increased funding for developing countries to enable them to adapt to climate change at COP31 in Turkey, reports Africanews, citing the Associated Press. Albanese called on rich countries to support Pacific island states in particular, which are already severely affected by climate change.
Albanese said the most vulnerable countries needed capital to finance their adaptation. Abiy Ahmed, for his part, called for accessible and equitable funding, stressing that high borrowing costs limit countries’ ability to invest in their resilience, according to Africanews.
These calls come as COP31, the UN climate conference held in Turkey, opened its negotiations on 11 November. UN Secretary-General Antonio Guterres also said on the same day that the climate crisis was out of control, while Africa has been calling since 7 November for three times more funding for adaptation.
