Vice President Bharrat Jagdeo has stated that the pledge of US$400 million at COP 28 to financially assist countries who are impacted by climate change, cannot account for the gravity of this global issue.
Jagdeo, who made this remark at a press conference held at the Office of the President on Thursday last, said that although the UN Climate Change Conference which is currently ongoing in Dubai, United Arab Emirates, provided opportunities for Guyana to discuss a few matters of national interest, issues such as the importance of climate financing, and forest incentives are still languishing.
On November 30, more than US$400 million in pledges were announced to financially support countries which are adversely affected by climate change, classified as the “loss and damage” fund at the start of the 28th United Nations Climate Change Conference (COP28) in Dubai. The draft resolution on a “loss and damage” fund marked a historic moment for the world’s strategy on climate change.