Developing countries at Marrakech told “no real finance: you’re on your own”

ActionAid responds as the United Nations climate conference in Marrakech, COP22, closes today.

Harjeet Singh, global lead on climate change for ActionAid said:

“The job here in Marrakech was to start writing the rulebook for the Paris Agreement and to take urgent action.

“But the issue of finance has thrown a spanner in the works. Although several countries have made welcome contributions to immediate finance needs, rich countries have been trying to wriggle out of their pledges to help poorer countries meet the costs of coping with impacts and greening their economies.  

"Climate action will cost money that poorer countries simply don't have. The general message to developing countries is ‘you’re on your own.’

“In the planet’s hottest year ever, when parts of Africa are dealing with their worst drought in decades, rich countries’ willingness to leave developing countries in the lurch holds back climate action at a time when we need it most. 

“Without real finance, and drastic cuts in emissions from rich countries the planet doesn’t have a chance of staying under 1.5°C warming.

“Developed countries must remember that even if they have won the finance fight in the conference room, they will still be the losers on a hotter planet.”