DILI, 04 december 2023 (TATOLI) – The President of the Republic, Jose Ramos Horta, urged the high-emitting countries to reduce their greenhouse gas emission to address Climate Change.
“Developed countries parties must show the lead in reducing their greenhouse gas emissions and other major emitting countries to do so, in order to achieve net-zero emission by 2050,” said Horta in his speech at the 2023 UN Climate Change Conference (UNFCCC COP-28), held in United Arab Emirates (UAE).
Horta called for an urgent energy transition from fossil fuel-based to renewable energy in the most emitting countries in order to enable the Least Developed Countries (LDS) and Small Island Developing States (SIDS) to achieve net-zero emission by 2050.
He said that developed country parties must lead in providing finance, technology, and capacity-building support for developing countries to enable adaptation and mitigation actions: “We need to define climate finance as new and additional to a revised, increased ODA to at least 0,7% of GDP, without cumbersome inflated bureaucracy procedures.”
The latest IPCC report echoes a sobering reality: human-induced greenhouse gas emissions have driven global warming by 1.1°C since 1850.
President also welcomed the historic decision just taken to operationalize the loss and damage fund and appreciated the financial pledges that have already been made: “We trust that these will be new and additional to existing climate finance and other.” “We urge the developed country parties to provide sustainable financial inputs to this fund. This fund must be accountable to the COP and CMA with a credible board and independent secretariat.”
On day one of COP28, the governments of rich countries collectively pledged more than US$400 million to establish a loss and damage fund for the victims of climate disasters.
“Least Developed Countries (LDS) and Small Island Developing States (SIDS) are the most affected due to limited financial, technological, and human capacity to adapt to the impacts of climate change even though we are minute CO2 emitters,” explained Horta.
The Head of State stressed that failure to act NOW to curtail greenhouse emissions will unleash extreme events amplifying many times over the specter of future losses and damages.
Horta said for example Timor-Leste has experienced multiple climate change impacts, including floods, droughts, landslides, and sea level rise: “This leads to decrease in agriculture output, increase food insecurity, water shortage, destruction of infrastructure, loss of human life, displacement, limited financial and technological capacity to quickly recover and rebuild loss and damage.”
He added that it is needed to define climate finance as new and additional to a revised, increased ODA to at least 0,7% of GDP, without cumbersome inflated bureaucracy procedures.
“We must provide political guidance to the existing negotiation on a new collective quantified goal in order to define a new financial contribution from the developed country parties to developing countries with a quantum of USD 200 billion annually by 2025 to 2030 focussed on adaptation, mitigation and loss and damage,” said the Head of State.
Journalist: Camilo de Sousa
Editor: Filomeno Martins