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Home Finance Caribbean nations ought to push for local weather finance at COP27, Bahamas PM says

Caribbean nations ought to push for local weather finance at COP27, Bahamas PM says

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Caribbean nations ought to push for local weather finance at COP27, Bahamas PM says

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Bahamas’s Prime Minister Philip Edward Davis gestures as he speaks on the Leaders’ Second Plenary Session through the Ninth Summit of the Americas in Los Angeles, California, U.S., June 10, 2022. REUTERS/Mike Blake/Information

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NASSAU, Aug 16 (Reuters) – Caribbean nations ought to strain developed nations to offer extra financing to mitigate the results of local weather change on the upcoming COP27 local weather talks, the prime minister of The Bahamas stated at a summit of regional officers on Tuesday.

The members of the Caribbean group want to make sure that developed nations honor previous pledges for local weather help and create new standards for figuring out which nations can acquire such support on the November local weather talks in Egypt, Bahamian PM Philip Davis stated in a speech.

“If we advance our pursuits merely as particular person Small Island Growing States, our voices will probably be dispersed, unable to be heard above louder, wealthier, carbon-producing pursuits,” he stated.

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Eighteen Caribbean nations have been invited to the two-day gathering in Nassau, which is anticipated to yield an “end result paper” that will probably be offered on the 2022 United Nations Local weather Change Convention, generally known as COP27.

Davis stated he was inspired by latest local weather change mitigation efforts by america and Australia.

However he added that “we’re commitment-fatigued and we’re pledge-fatigued,” noting that wealthy nations had not met a promise to offer $100 billion in local weather support to poor nations by 2020.

Caribbean leaders have for years stated their nations’ per-capita revenue is simply too excessive for them to qualify for support, a metric many say doesn’t take note of heavy debt burdens generated by paying for the results of local weather change.

Davis stated Caribbean nations ought to again a brand new index primarily based on vulnerability to local weather shocks, which may assist present new assets to the area.

Caribbean nations are among the many world’s most weak to local weather change as a result of outsized affect of tropical storms, in addition to rising issues attributable to droughts and flooding.

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Reporting by Jasper Ward in Nassau; Extra reporting by Brian Ellsworth; Enhancing by Paul Simao

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