The China Mail - Calls for more funding as pre-COP27 climate talks open in DR Congo

USD -
AED 3.672497
AFN 64.999715
ALL 80.812449
AMD 360.743464
ANG 1.789785
AOA 917.999798
ARS 1540.700198
AUD 1.42441
AWG 1.8
AZN 1.698675
BAM 1.747272
BBD 2.014223
BDT 123.910645
BGN 1.747831
BHD 0.377299
BIF 2998.5
BMD 1
BND 1.28047
BOB 11.855935
BRL 5.3738
BSD 1.000054
BTN 95.138718
BWP 13.795445
BYN 2.941694
BYR 19600
BZD 2.011337
CAD 1.401185
CDF 2314.999825
CHF 0.82752
CLF 0.025072
CLP 989.970526
CNY 6.67025
CNH 6.66753
COP 3150.85
CRC 455.262182
CUC 1
CUP 24.001537
CVE 98.510713
CZK 21.792011
DJF 177.719964
DKK 6.688315
DOP 61.049802
DZD 135.148705
EGP 56.265101
ERN 15
ETB 161.049885
EUR 0.8949
FJD 2.252798
FKP 0.747708
GBP 0.74915
GEL 2.592983
GGP 0.747708
GHS 11.625032
GIP 0.747708
GMD 73.999905
GNF 8799.999818
GTQ 7.644581
GYD 209.560055
HKD 7.84535
HNL 26.999988
HRK 6.742899
HTG 130.986148
HUF 328.497502
IDR 18147.9
ILS 3.084145
IMP 0.747708
INR 95.18725
IQD 1514
IRR 1817007.490697
ISK 122.050027
JEP 0.747708
JMD 158.771424
JOD 0.708961
JPY 157.460975
KES 129.939397
KGS 87.450229
KHR 4075.000245
KMF 441.000377
KPW 899.999961
KRW 1324.080073
KWD 0.31078
KYD 0.833426
KZT 450.973998
LAK 22507.604826
LBP 89550.000009
LKR 332.292546
LRD 170.249882
LSL 16.660206
LTL 2.95274
LVL 0.60489
LYD 6.41502
MAD 9.848496
MDL 17.971064
MGA 4589.999663
MKD 55.101904
MMK 2099.851486
MNT 3598.994658
MOP 8.08144
MRU 40.195167
MUR 47.130213
MVR 15.449966
MWK 1741.000443
MXN 18.551725
MYR 4.0861
MZN 63.910245
NAD 16.660138
NGN 1340.490484
NIO 36.844988
NOK 9.313055
NPR 152.221592
NZD 1.757395
OMR 0.384499
PAB 1.00004
PEN 3.442502
PGK 4.578703
PHP 63.976006
PKR 277.000018
PLN 3.940105
PYG 5764.978626
QAR 3.645
RON 4.784099
RSD 105.160164
RUB 80.798908
RWF 1478
SAR 3.744737
SBD 8.064647
SCR 14.131578
SDG 601.453315
SEK 9.95324
SGD 1.280635
SHP 0.749344
SLE 22.950411
SLL 20969.504398
SOS 571.503045
SRD 37.691972
STD 20697.981008
STN 22
SVC 8.750692
SYP 13001.999685
SZL 16.660106
THB 33.750012
TJS 9.225574
TMT 3.5
TND 3.007497
TOP 2.40776
TRY 49.786598
TTD 6.796771
TWD 32.548901
TZS 2645.152985
UAH 45.657837
UGX 4480.338773
UYU 40.103811
UZS 11970.000157
VES 859.935022
VND 25842.5
VUV 118.791596
WST 2.767791
XAF 587.016073
XAG 0.018509
XAU 0.00024895966
XCD 2.70255
XCG 1.802377
XDR 0.707052
XOF 587.016073
XPF 107.149752
YER 236.150362
ZAR 16.630085
ZMK 9001.206681
ZMW 20.135703
ZWL 321.999592
SSP 5745.299755
MXV 2.09302
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Calls for more funding as pre-COP27 climate talks open in DR Congo
Calls for more funding as pre-COP27 climate talks open in DR Congo / Photo: © AFP

Calls for more funding as pre-COP27 climate talks open in DR Congo

Warning "no-one will escape" a worsening crisis, DR Congo led calls on Monday for a surge in funding to brake global heating and fight its impacts at the start of pre-COP27 climate talks in Kinshasa.

Text size:

The haggle comes ahead of COP27 -- the UN's 27th summit-level gathering on climate change, which is due to take place in Egypt next month.

At opening ceremonies in the DRC's parliament building, Congolese Environment Minister Eve Bazaiba called on countries to respect financial pledges and endorse plans to help compensate climate-inflicted damage.

She added that money to protect carbon-absorbing rain forests -- of which the DRC has vast tracts -- should be viewed not as aid but as an investment in humanity's future.

"Unless a global effort is made ... no-one will escape," Bazaiba warned. "We all breathe the same air".

Egyptian Foreign Minister Sameh Shoukry also stressed the need for more money, noting an unfulfilled promise -- dating back to COP15 in Copenhagen in 2009 -- to provide developing countries with $100 billion dollars a year to fight climate change.

"The picture is not reassuring," he said.

Deputy UN Secretary-General Amina Mohammed offered a gloomy update on the battle today.

"All indicators on climate are heading in the wrong direction," she said.

Current funding for climate adaptation is a "pittance" compared to the likely scale of future needs, she said.

- Damages -

Delegates from over 50 countries are attending the two-day informal talks in Kinshasa, including US climate envoy John Kerry. The event winds up on Wednesday with side discussions.

No formal announcements are expected in what is billed as a ground-clearing exercise ahead of the next month's conference, taking place in Sharm el-Sheikh from November 6-18.

Greater support from wealthier countries, historically the world's biggest carbon polluters, to their poorer counterparts is expected to dominate the talks.

But post-pandemic economic strains and Russia's invasion of Ukraine have cast a pall over the money question.

The last UN climate summit, COP26 in Glasgow in November 2021, reaffirmed the goal -- agreed in Paris in 2015 -- of limiting the rise in the Earth's average temperature to well below 2.0 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels and pursuing efforts to limit it to 1.5C.

However, the latter goal may already be beyond reach as the Earth's temperature is already 1.2C higher than before the Industrial Revolution.

Poorer countries had also pushed at Glasgow for a financial mechanism to address losses and damage caused by climate change.

But richer states rejected the call and the participants agreed instead to start a "dialogue" on financial compensation for damages.

- 'We also need bread' -

Egypt, as host of COP27, has made implementing the pledge to curb global heating the priority of the November summit.

The Democratic Republic of Congo, for its part, is pushing the message that it can act as a "solution country" for climate change due to its vast rainforests, which act as a carbon sink.

Around 30 billion tonnes of carbon are stored across the Congo Basin, researchers estimated in a study for Nature in 2016. The figure is roughly equivalent to three years of global emissions.

However, the central African nation in July launched an auction for 30 oil and gas blocs -- ignoring warnings from environmentalists that drilling could harm ecosystems and release vast amounts of heat-trapping gases.

Bazaiba, the environment minister, told pre-COP27 delegates that Africa was facing a dilemma since the continent has contributed so little to climate change and yet has fossil-fuel resources that could alleviate poverty.

"What should we do in this circumstance, let our children and small children die of hunger?" she asked, as applause rung out in the hall of the parliament building.

"As much as we need oxygen, we also need bread," she said,

A.Zhang--ThChM