November 24, 2024 – Jagan Chapagain, Secretary-General of the International Federation of Red Cross and Red Crescent Societies (IFRC), has called for urgent action to ensure climate finance reaches the communities most impacted by the climate crisis. Speaking during the COP29 summit, Chapagain emphasized that the effectiveness of the newly established global climate finance goals will be judged by the speed and scale of support provided to those on the frontlines of climate change.
“The new global climate finance goal’s success will be judged by whether increased funds reach the communities that need them most,” Chapagain stated, “and by whether they reach them fast.”
He highlighted that the impacts of climate change are already being felt daily, affecting the physical and mental health of millions worldwide. Families in vulnerable regions are dealing with extreme weather events, rising sea levels, and deteriorating living conditions, placing immense pressure on their resilience.
Chapagain urged world leaders to accelerate efforts in managing and reducing risks through stronger laws, policies, and disaster-preparedness strategies. “Let us build solidarity, trust, and real urgency of action,” he said, stressing the need for global cooperation.
As climate-related disasters increase in frequency and intensity, humanitarian organizations like the Red Cross are on the frontlines, helping communities adapt to the evolving crisis. However, these efforts require substantial and immediate financial backing to make a meaningful difference.
COP29, currently underway, is expected to finalize details of the updated global climate finance goals, which aim to secure $100 billion annually for developing nations. The outcome will be closely watched to see whether the commitments turn into actionable solutions for those most in need.
For the Maldives and other small island nations, the stakes are particularly high. Rising sea levels and coastal erosion continue to pose existential threats, making the swift and equitable distribution of climate finance a matter of survival.
Stay tuned to Raajje24 for further updates on COP29 and its implications for the Maldives.
