Rwanda Calls for New Global Climate Finance Goal as COP29 Kicks Off
Rwanda is advocating for a revised global objective regarding climate finance, which encompasses support for loss and damage in addition to mitigation and adaptation initiatives, as stated by the country's Ministry of Environment on Monday.
TroibNews 
Rwanda is advocating for a fresh global objective for climate finance that encompasses support for loss and damage, in addition to efforts focused on mitigation and adaptation. The country's Ministry of Environment emphasized this stance on Monday.
"This call is critical for ensuring that countries most affected by climate impacts receive consistent support to recover and build stronger communities. At COP29, loss and damage is a priority for Rwanda, highlighting the need for sustained funding to assist communities facing the devastating effects of climate disasters," the ministry stated as the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) commenced in Baku, Azerbaijan.
The ministry urged investments in long-term strategies that enable vulnerable nations to adapt and enhance their resilience in the face of a shifting climate.
"Rwanda's delegation will also champion the value of transparency in climate commitments, advocating for clear and accurate information on the support exchanged between nations to build trust and accountability," it added.
The two-week COP29 gathering brings together representatives from around 200 countries, including government officials, civil society members, and private sector stakeholders, in an effort to accelerate global initiatives to address the climate crisis.
Rwandan President Paul Kagame has recently called for increased funding from affluent nations to combat climate change, stressing that the conditions must be favorable and not place further debt burdens on developing countries.
This year's climate conference aims to establish a new funding goal for climate change, replacing the current collective target of mobilizing and providing $100 billion annually from developed countries to assist developing nations.
Lucas Dupont for TROIB News
"This call is critical for ensuring that countries most affected by climate impacts receive consistent support to recover and build stronger communities. At COP29, loss and damage is a priority for Rwanda, highlighting the need for sustained funding to assist communities facing the devastating effects of climate disasters," the ministry stated as the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) commenced in Baku, Azerbaijan.
The ministry urged investments in long-term strategies that enable vulnerable nations to adapt and enhance their resilience in the face of a shifting climate.
"Rwanda's delegation will also champion the value of transparency in climate commitments, advocating for clear and accurate information on the support exchanged between nations to build trust and accountability," it added.
The two-week COP29 gathering brings together representatives from around 200 countries, including government officials, civil society members, and private sector stakeholders, in an effort to accelerate global initiatives to address the climate crisis.
Rwandan President Paul Kagame has recently called for increased funding from affluent nations to combat climate change, stressing that the conditions must be favorable and not place further debt burdens on developing countries.
This year's climate conference aims to establish a new funding goal for climate change, replacing the current collective target of mobilizing and providing $100 billion annually from developed countries to assist developing nations.
Lucas Dupont for TROIB News
