Reiterating his disappointment that the Conference of Parties (COP) 28 held in Dubai, United Arab Emirates failed to address critical matters such as climate financing and forest incentives, Vice President Bharrat Jagdeo said that the government will ensure that these issues are addressed at the “national level”.
During a press conference held at Freedom House, Robb Street on Thursday, Jagdeo in his capacity as General Secretary of the People’s Progressive Party, referenced Article Six of the Paris Agreement, which deals with a compliant carbon market. According to Jagdeo, this matter failed to gain traction at the summit and poses a setback that prevents countries from benefiting financially from preserving their forests. Asked by this newspaper about the rationale of attending the summit which produced the same results in the past, Jagdeo said it required full participation from countries. He noted that the government will do its part to implement a framework that aims at paving the way for incentives for adaptation and climate financing.