Climate financing for developing countries should be priority at COP 29: Sherry Rehman

Chairperson Senate Committee on Climate Change Senator Sherry Rehman underpinned the critical role of development organizations in fostering climate resilience through providing adequate funding.

She was speaking at a pre-COP29 panel discussion titled ‘Bridging the Gap: Humanitarian/Development Agencies and Climate Adaptation in Pakistan’ held at the Institute of Regional Studies (IRS), said a press release issued here Saturday.

Sherry Rehman also underscored the need for local climate action backed by robust international financing. Advocating proactive measures in flood-prone areas to prevent escalating climate impacts, she urged major emitters to honour their Internationally Determined Contributions (IDCs) and called for a Global Goal on Adaptation that prioritises funding for on-ground initiatives.

Calling upon major emitters to commit to their Internationally Determined Contributions (IDCs), Senator Rehman emphasized that climate financing for the Global South should be directed towards on-ground adaptation initiatives, not just reporting.