Global South urges COP31 roadmap to triple adaptation finance

The representatives from the civil society urged COP31 to deliver a concrete roadmap, measurable targets, transparent financing arrangements and an effective accountability mechanism to turn the commitment to triple adaptation finance into reality.

Exercising concern, the civil society members at a media briefing titled ‘Implementing the Paris Agreement and Delivering Global Climate Finance Commitments for Climate-Vulnerable Communities’, held at COP31 venue said that an initiative to include the proposed tripling of adaptation finance as a separate agenda item had failed to secure consensus among participating countries.

They claimed that although discussions are continuing under the existing agenda, there is still no clear agreement on the volume, sources, timeline or implementation framework for the proposed increase.

They said the climate summit must move beyond making promises and become a forum focused on implementation and accountability.

They also called on developed countries to meet their obligations under Article 9.1 of the Paris Agreement to provide financial support for climate action in developing countries, based on their historical responsibility and economic capacity.

The representatives further urged major emitting countries to align their nationally determined contributions (NDCs) with the 1.5C temperature goal, deliver rapid and substantial emissions reductions and ensure a fast, orderly and just transition away from fossil fuels.