At the COP29 climate summit, Chalermchai Sri-on, Thailand’s Minister of Natural Resources and Environment, emphasized the urgent need for a decisive agreement on climate finance. He highlighted that financial support is the key to helping vulnerable nations adapt to climate change, reduce carbon emissions, and transition to a greener economy.
🔥 Key Issues Raised by Chalermchai:
1️⃣ Climate Funding Gap – Developing countries lack sufficient funds to implement climate action effectively.
2️⃣ Commitment from Developed Nations – Urged wealthier countries to honor their financial pledges to climate adaptation and mitigation efforts.
3️⃣ Loss and Damage Fund – Stressed the importance of operationalizing a fund to support nations hit hardest by climate disasters.
4️⃣ Investment in Green Technology – Called for increased funding in renewable energy, carbon capture, and sustainable infrastructure.
🌍 Why Climate Finance Matters?
- Helps developing countries reduce carbon emissions
- Supports climate resilience projects (e.g., flood prevention, sustainable agriculture)
- Promotes global cooperation to achieve net-zero emissions
Chalermchai concluded by urging all parties at COP29 to finalize a clear, transparent, and fair financial mechanism to accelerate climate action. Without decisive funding commitments, he warned, climate crises will continue to escalate, affecting millions worldwide. 🌎🔥
