ASEAN leaders call upon developed countries to fulfill climate change finance commitment

Bandar Seri Begawan (Brunei ), October 27: Leaders of the Association of Southeast Asian Nations (ASEAN) Tuesday called upon developed countries to fulfill their climate change commitment of mobilizing 100 billion U.S. dollars per year by 2020 through 2025 to support the implementation of mitigation and adaptation actions of developing countries, including ASEAN member states.
The 10 ASEAN countries recognized "the potential contribution by developing countries in the form of emissions avoidance, reductions, and carbon stock enhancement, dependent on the support provided by developed countries as guaranteed by the Convention and the Paris Agreement," according to the ASEAN Joint Statement on Climate Change to the 26th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP26), issued at the 38th ASEAN Summit.
ASEAN leaders urged developed countries to "undertake a clear and comprehensive evaluation and stocktake of the pre-2020 commitments on mitigation and adaptation and finance to understand the progress made and to build mutual trust for post-2020 climate action."
They also called upon developed countries to continue and further scale up the mobilization of climate finance ahead of initiating deliberations on the setting up of a new collective quantified goal from a floor of 100 billion U.S. dollars per year, which takes into account the needs and priorities of developing countries including ASEAN member states.
The developed countries were also asked to take the lead by enhancing mitigation ambition, including setting net-zero emission targets with concrete policy and implementation, recognizing that enhanced support for developing countries will allow for higher ambition in their actions.
ASEAN countries urged developed country parties to enhance international cooperation and assistance, on the provision of timely, effective, adequate and predictable support to ASEAN member states and other developing countries for financing, the development and transfer of environmentally sound technology, scientific research, and capacity building, for mitigation and adaptation measures, as stipulated under the UNFCCC and the Paris Agreement.
The UNFCCC COP26 will be held from Oct. 31 to Nov. 12 in Glasgow, Scotland.
Scheduled from Tuesday to Thursday, the 38th and 39th ASEAN summits and related summits will also be joined by ASEAN's dialogue partners, including China, Japan, South Korea, India, the United States, Australia and Russia, among others.
Established in 1967, ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Brunei is the ASEAN chair for 2021.
Source: Xinhua