S'pore Urges Developed Countries To Fulfil Funding For Climate Pledges

Singapore has called on developed countries to make good their promise to channel funds to help developing nations deal with climate change, even as the Republic has committed itself to doing its part in tackling the global crisis.

- Audrey Tan

Singapore has called on developed countries to make good their promise to channel funds to help developing nations deal with climate change, even as the Republic has committed itself to doing its part in tackling the global crisis.

“COP26 must deliver a strong support package for developing countries,” said Minister for Sustainability and the Environment Grace Fu at the COP26 climate summit in Glasgow on Tuesday.

“This will enable developing countries to implement effective adaptation strategies and achieve their climate pledges so that we can collectively fulfill the Paris Agreement’s goals,” she said as she delivered Singapore’s national statement to world leaders gathered at the conference.

Ms Fu urged developed countries to fulfil their commitment to mobilise US$100 billion (S$135 billion) per year in climate finance to support the climate actions of developing countries.

Rich countries have missed a 2009 commitment to jointly transfer US$100 billion each year by 2020 to help poorer nations. In 2018, wealthy countries contributed only about US$80 billion.

The mobilisation of climate finance for developing nations is a major point of contention at COP26.