Debra Matabvu in ANTALYA, Türkiye
Zimbabwe has called on developed countries to honour their commitment to mobilise at least US$300 billion annually in climate finance, saying vulnerable nations need predictable and adequate funding to tackle the effects of climate change.
Addressing the COP31 World Leaders’ Summit here this morning, Vice President Dr Constantino Chiwenga said climate finance pledges must translate into measurable financial support, with developed countries taking the lead.
“The commitment to mobilise at least US$300 billion annually under the Paris Agreement must translate into transparent and measurable financial flows, with developed countries taking the lead,” he said.
Dr Chiwenga also called for the Loss and Damage Fund to be adequately resourced and made accessible, warning that communities already suffering the effects of climate change cannot afford further delays in receiving support.
The VP said the global transition to low-carbon economies should benefit developing nations through industrialisation, job creation and technology transfer.
He said Africa must move beyond supplying raw materials for the energy transition and actively participate in the industries and economic opportunities it creates.
Dr Chiwenga said Zimbabwe is targeting a 40 percent reduction in per capita emissions by 2035 under its Third Nationally Determined Contribution, while advancing climate-smart agriculture and wetland restoration.
“COP31 must move from commitment to concrete action. Zimbabwe is committed to doing its part,” he said.
