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COP21: Developed countries must quit their high-risk finance gamble

2 December 2015 - Developed countries are playing a high stakes game at the climate talks in Paris by leaving their finance pledges to the last minute.

Mohamed Adow, Christian Aid's Senior Climate Advisor, said playing their finance card early would be their best chance of getting the deal they want.

He said: "The developed world are playing a high-risk low-reward game. In order to get a deal with a ratchet mechanism and language on phasing out fossil fuels they must not hold back the issue of finance until the last minute. Otherwise they risk not giving countries time to create a deal which includes these elements.  

"Writing a cheque next Friday night won't give them enough time to cash it. 

"In order to build an alliance of both rich and poor countries working for a strong outcome, the developed world need to start talking about finance. They should get the ball rolling early. Like the five year review cycles on emissions they need to propose review cycles of increasing finance as well.

"That is how they will get the biggest bang for their buck."

Ends

For more information, please contact Joe Ware on jware@christian-aid.org or text +447870944485.  24 hour press duty phone: +447850 242950 


Notes to editors:

1. Christian Aid works in some of the world's poorest communities in around 40 countries at any one time. We act where there is great need, regardless of religion, helping people to live a full life, free from poverty. We provide urgent, practical and effective assistance in tackling the root causes of poverty as well as its effects.

2. Christian Aid’s core belief is that the world can and must be changed so that poverty is ended: this is what we stand for. Everything we do is about ending poverty and injustice: swiftly, effectively, sustainably. Our strategy document Partnership for Change explains how we set about this task.

3. Christian Aid is a member of the ACT Alliance, a global coalition of more than 130 churches and church-related organisations that work together in humanitarian assistance, advocacy and development. Further details at http://actalliance.org

4. Follow Christian Aid's newswire on Twitter: http://twitter.com/caid_newswire

5. For more information about the work of Christian Aid visit http://www.christianaid.org.uk

 

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