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Developed countries should contribute 05percent GDP climate fund

News from Nicaragua | Monday, 3 August 2015 |

Paul Oquist, Nicaraguan representative to climate change conference

Paul Oquist, Nicaraguan representative to climate change conference

At a ministerial Climate Change consultation meeting in Paris on 20/21 July, Nicaraguan representative Paul Oquist proposed that all developed countries should contribute .05% of their GDP to a climate change mitigation fund for developing countries.

According to the Germanwatch2014 Global Climate Risk Index, Nicaragua ranks fourth on a global index of countries suffering the most as a consequence of extreme weather. https://germanwatch.org/en/download/10333.pdf

Over the past two years the country has suffered prolonged periods of drought, followed by floods that have had a severe impact on agricultural production.

For impoverished countries such as Nicaragua the outcome of the UN Climate Change conference from 30 November – 11 December is particularly critical. http://www.cop21.gouv.fr/en

The Conference will bring together around 40,000 participants in total - delegates representing each country, observers, and civil society members.

The aim is to reach, for the first time, a universal, legally binding agreement that will enable us to combat climate change effectively and boost the transition towards resilient, low-carbon societies and economies.’

According to the COP21 website: ‘The agreement must focus equally on mitigation - that is, efforts to reduce greenhouse gas emissions in order to limit global warming to below 2°C - and societies’ adaptation to existing climate changes. These efforts must take into account the needs and capacities of each country. The agreement will enter into force in 2020 and will need to be sustainable to enable long-term change.’

In preparation for the Paris Conference 60 countries including Nicaragua attended an informal consultation on 20 and 21st July in Paris.

Nicaraguan representative Paul Oquist stated: “All the countries agreed that it was important to reach a binding legal agreement which would enable pre and post 2020 levels to be established. The message that should be given to the public is that all countries have collectively made a commitment to reduce greenhouse gas emissions so that they can save planet earth”.

Given this critical level of vulnerability that Nicaragua and other impoverished countries face Oquist stated:” I call upon developed countries to take on and comply with technology transfer and methods of implementation obligations, so that countries like Nicaragua, which is very vulnerable, can allocate resources to appropriate projects.”