Marc Serra Solé, Deputy Climate & Energy Transition Chair, Barcelona Province (ES)
The final funding agreement, which was reached at 4am after two days of extension and without consensus of the majority of countries, falls far short of the $5 billion requested by the scientific community and the $1.3 billion demanded by unindustrialised countries. Not operational until 2035, the fund opens the door to private financing mechanisms that stand to deepen debt in unindustrialised countries. Some countries did not do enough to reach a better agreement while the petrostates present staged a complete blockade, managing to ensure that there was no mention of fossil fuels in the final agreement – a feat surely supported by 1,800 fossil fuel lobbyists in attendance.
Nonetheless, the UN's multilateral spaces must be preserved and strengthened. The international community cannot abandon the negotiations. Instead, the negotiations must be organised to ensure that host countries are free from conflicts of interest and are dedicated to the ecological transition, human rights, solidarity with the countries of the Global South. Our sights are set on a more constructive and inclusive process at next’s year’s COP in Brazil. (Photo: Barcelona Provincial Council (DiBa))