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Climate Finance: Key Issues for Durban
Poor people especially in the developing world are already bearing the negative impacts of climate change. Because drastic mitigation through substantive reduction in GHG emissions especially from the industrialized North has yet to take off, climate change is likely to get worse and extend further into the future. It threatens to undermine a wide range of human rights of present and future generations. It also threatens to push people into poverty and underdevelopment, and lock millions deeper into it. Adaptation is looking to be a long-term requirement poor countries are most compelled but least equipped to undertake. They need a system that will deliver adequate and effective financing for climate action, especially adaptation.