The speakers at a civil society dialogue on Saturday demanded US$ 1.5 trillion in the discourse on new climate finance goal for 2025-30 period.
They also opposed any text and criteria that shift the responsibility from developed to Least Developed Countries (LDC) and developing countries.
The dialogue, titled 'From millions to trillions: Transformations needed to finance climate justice' was held at the Climate Conference Centre at Baku in Azerbaijan during the ongoing Cop29 Global Climate Conference, according to a press release issued in Dhaka on Saturday.
Representatives from various Civil Society Organizations (CSOs) of different countries including Lidy Nacpil of Asia Pacific Movement on Debt and Development, Philippine, Ezequiel Steuermann of Network for Economic, Social and Cultural Rights-ESCR, Argentina, Patricia Wattiena of ESCR-Net, USA and Aminul Hoque of COAST Foundation, Bangladesh participated and shared their insights.
Katja Voigt of Rosa Luxemburg Stiftung, Germany has moderated the dialogue.
Aminul Hoque said the climate finance is sought for survival of MVCs and the humanity, not for any development. The draft text on New Collective and Quantified Goal (NCQG) included with 13 negotiating options with hundreds of brackets, those are in fact a dilemma and intend for trapping the countries by following a procrastinated negotiation. The absence of 'Common but differentiate responsibility with respective capacities (CBDR-RC)' principal will force the LDCs to share financial burden which is unfair.
