Page 22 - Developing Countries News Today

(This story has not been edited by THE WEEK and is auto-generated from a PTI

India has emphasized the importance of negotiated outcomes at the climate negotiations, particularly the global goal of adaptation, which is close to the hearts of developing countries. As the 28th Conference of Parties (COP28) concluded, Indian delegates acknowledged their crucial role in steering the negotiations and emphasized the importance of reaching decisions that strengthen the Global Stocktake (GST) and reaffirm trust in the multilateral climate process.

Developing countries have spent 30 years asking for a fund to cover climate change loss and damage. COP28 leaders finally set it up, but it needs private finance to work.

There is no clear path for African patients to get access to the treatments, which have multimillion-dollar price tags and are highly complex to manufacture and deliver.

In an era where global collaboration is paramount, organizations like the German Agency for International Cooperation (GIZ) have played a vital role in supporting developing countries in their pursuit of robust healthcare systems. One of GIZ’s flagship initiatives, the Hospital Partnerships Program, stands out as a beacon of hope for nations striving to enhance their healthcare sectors since 2016.

Any eventual agreement on a fossil fuel phase-out at the COP28 climate summit in Dubai must take into account "different national circumstances", South Africa's environment minister Barbara Creecy told AFP. Creecy has been appointed by the Emirati presidency to facilitate discussions on how countries are making progress on meeting their Paris Agreement climate goals.Q: Does the world need to agree on the phase-out of all fossil fuels at this COP28? 

Her comments come in the backdrop of the European Union's announcement to impose carbon tax on imports from certain sectors

Hosts the United Arab Emirates said more than $83 billion had been mobilised during the first five days of the event. The biggest single deal of COP28 saw hosts the United Arab Emirates pledge $30 billion to a new fund to invest in climate friendly projects across the globe, with $5 billion for the Global South. The World Bank said it aims to increase climate funding to 45% of its total lending, which equates to an increase of $9 billion annually.

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Eversource, a climate investment joint venture between Everstone Group and Lightsource BP, has received catalytic concessional capital from the U.S. Department of State and USAID through the Blended Finance for Energy Transition (BFET) program.