International community urged to provide more financing for countries affected by climate change

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International community urged to provide more financing for countries affected by climate change
President Desi Bouterse
President Desi Bouterse

PARAMAIRBO, Suriname, Feb 14, CMC – Delegates attending a three-day international conference have adopted a declaration calling on the international community to provide more financial assistance to developing countries affected by the impact of climate change.

The representative sof more than 15 countries adopted the “Krutu” pledging to increase cooperation among the High Forest cover, Low Deforestation (HFLD) developing countries through a platform for dialogue, increasing interaction and linkages with international and multilateral and financial institutions.

President Desi Bouterse said that the “Krutu’, a Suriname’s term meaning an understanding among communities or among leaders, had been adopted by the delegates attending the conference that ended here on Thursday.

The first “HFLD Conference on Climate Finance,” brought together representatives of “high forest-cover, low deforestation” nations that are home to the last remaining extensive, intact forest ecosystems and regarded as humanity’s main source of clean air and clean water.

According to the Krutu” of Paramaribo Joint Declaration, the delegates agreed on the “urgent need to avoid both deforestation and forest degradation, and to the need for the price of carbon to adequately reflect the efforts of HFLD countries to maintain and enhance forest carbon stocks and sinks.

“We reiterate our commitment to sustainable forest management, including conservation, and maintaining biodiversity and ecosystem integrity and carbon stocks, emphasizing the intrinsic relationship that climate change actions, responses and impacts have with equitable access to sustainable development and eradication of poverty”.

The conference also noted that despite making a critical contribution to fighting climate change, HFLD developing countries are receiving a very small portion of climate finance.

The delegates also expressed concern that “the pace and scale of REDD Plus (reducing emissions from deforestation and forest degradation, and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks) finance matches neither the need nor the ambition necessary to answer the call to action of the 2018 Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5O Centigrade”.

.The conference underscored the fact “that many HFLD developing countries are in dire need of adequate international climate finance, technology transfer and capacity building to support the transition towards climate resilient and low emissions development and to achieve the goals set forth in the 2030 Agenda for Sustainable Development and the Paris Agreement.

“We call upon the international community to find practical ways to simplify and better align the financial frameworks and mechanisms to address the urgent and specific needs of HFLD developing countries, in a way which provides economic incentives for the preservation of forest carbon stocks, and thus, recognizing the historic contribution of HFLD developing countries to mitigate climate change.”

The Krutu urges the relevant financial institutions, developed country donors, the private sector, philanthropy and other countries in a position to do so, “to increase financing for sustainable forest management, including conservation, and to give special consideration to HFLD countries”.

The conference said it welcomed the various international mechanisms such as the Global Forest Financing Facilitation Network of the United Nations Forum on Forests, the Green Climate Fund in providing assistance in dealing with climate change and urged HFLD developing countries to coordinate and advocate “for increased delivery of finance and support tailored to our unique needs and circumstances, which will help HLFD developing countries to meet the NDCs and the Sustainable Development Goals at national level.”

The conference also urged the Suriname government to bring to the attention of the international community, including at the upcoming First United Nations Department of Economic and Social Affairs (UN DESA) – UNFCCC Global Conference on Synergies between the 2030 Agenda and the Paris Agreement (April 2019), the “Krutu”.

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