The small island states already battered by increasingly violent ocean storms and rising sea levels they asked the oil companies to disburse part of their huge recent profitswhile the african states in development requested more international funds.
“The oil and gas industry continues to generate almost $3 billion a day in profits,” he said. Gaston BrownPrime Minister of Antigua, speaking at the conference on behalf of the Alliance of Small Island States.
“It’s about time these companies pay a global carbon tax on their profits as a source of financing for loss and damage,” he said, adding: “While they benefit, the planet burns.
The comments reflected the tension in international climate negotiations between rich and poor states, as delegates attended the second full day of the two-week conference in the resort town of Sharm el-Sheikh.
Senegalese President Macky Sallsaid that the poor developing nations in Africa need more funds to adapt to climate change, while being resisted calls to leave immediately the fossil fuelsas it could undermine their growth economic.
“Let’s be clear, we are in favor of reducing greenhouse gas emissions greenhouse. But we Africans cannot accept that our vital interests are ignored“, he pointed.
Sri Lankan President Ranil Wickremesinghesaid whats western governments rushed to divert billions of dollars to the war in Ukraine, but they are slow to spend on climate change.
“It’s no secret that the Climate finance has fallen short of the target. Many developed nations see fit to expect their climate finance contributions, but these countries are also on both sides of the Ukraine war and seem to have no qualms about spending on a war.”
Dozens of other heads of state and government were scheduled to speak during the day, though many of the biggest polluters of the world, including The United States, China and India were not on the agenda on Tuesday.
US President Joe Biden won’t arrive until next week, but his delegation opened its pavilion at the COP27 venue on Tuesday and the special envoy John Kerry he was already making rounds.
The Secretary General of the UN, Antonio Guterres, warned on Monday that humanity faces a scenario in which the options are “cooperate or die” in the face of global warming and stressed that it is about consolidating “either a pact for climate solidarity, or a pact for collective suicide”,
Source: Ambito
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