COP29: financing must help communities burdened by climate related harm

Overview

The world is now on track for a 2.6-3.1°C warming by the end of this century, and the window is closing to reach the Paris Agreement’s target of holding global warming at 1.5°C. Progress is also stalling on the reduction of preventable maternal, infant, and child mortality. With the 29th UN climate summit (COP29) drawing the world’s attention to the climate crisis, we must remind those in decision making positions that the life and health of millions of women, babies, children, adolescents, and future generations is at stake—especially in low and middle income countries most affected by climate change. Adequate financing is needed to build the climate resilience of frontline communities bearing the most severe health consequences of the climate crisis. Scaling up financing within the new collective quantified goal to ensure sufficient financial flows from higher to lower income countries and exploring co-financing mechanisms can help to achieve this.