By Ajibola Adedoye
Professor Chukwumerije Okereke, an expert in Climate Governance and Policy, has prompted world leaders to insure that COP29 becomes a decisive moment for advancing global climate action and adding climate finance.
This was stated in a press release inked by Ugochukwu Uzuegbu, a Media and Communications Expert at the Centre for Climate Change and Development, Alex Ekwueme Federal University, Ebonyi State, on Monday in Lagos.
Okereke advised that without a firm commitment to climate action, the world risks falling short of the critical 1.5 °C temperature target set by the Paris Agreement.
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He emphasized that there is a severe deficit of resources demanded to defy the growing impacts of climate change disasters.
He called on advanced nations to take the lead in getting global sweats back on track by marshaling sufficient climate finance to meet the scale of the challenge, moving beyond bare rhetoric and broken pledges.
Okereke stressed that developing nations are the most affected and vulnerable to the global climate extremity, citing recent ruinous cataracts in Bangladesh, Kenya, and Nigeria as exemplifications.
He added that inequality, conflict, and development challenges complicate vulnerability to climate change.
Referencing reported data, Okereke projected that developing countries would need an estimated $5.8-5.9 trillion to apply their Nationally Determined Contributions (NDCs) by 2030.
He also noted that adaption finance could reach $1.7 trillion annually by 2050.
Okereke stressed that the precedences set forth in the Allied Climate Transformation (ACT 2025) action were essential and non-negotiable.
He outlined four crucial focus areas
Ambitious Climate Finance is Non-Negotiable: Act 2025 calls for COP29 to deliver a 1.5 °C- aligned New Collaborative Quantified Goal (NCQG) that reflects the factual fiscal requirements of climate-vulnerable nations. The finances must be accessible, concessional, and transparent.
Scaling Up Adaptation Efforts: Act 2025 urges COP29 to address the gaps and challenges in adaption planning and perpetration.
Responding to Loss and Damage with Acceptable Support ACT2025 demands that the new Fund for Responding to Loss and Damage must be completely funded and functional by COP29.
Accelerating Mitigation Ambition and perpetration ACT2025 calls for countries to apply just, indifferent, and rapid-fire transitions down from fossil energies, icing people- centered and just transitions toward net- zero GHG emigrations.
Okereke stressed the significance of ambitious NDCs in the forthcoming updates, with G7 and G20 nations leading by illustration.
He also honored China’s pivotal part in global climate action, particularly through the greening of its overseas investments.
He emphasized that COP29 and the coming round of NDC updates present crucial openings for China to continue demonstrating leadership, particularly as a major player in the Global South.
Okereke expressed confidence in China’s vital part in driving global progress toward a sustainable and indifferent future.
He further noted that China’s leadership, especially its support for climate-vulnerable nations and its part with the G77 in establishing the Loss and Damage Fund at COP27, would be critical in icing success.
“The issues of COP29, and the opinions made by the global community this decade, will significantly impact the line of our civilization and collaborative future, ” Okereke concluded.
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