MATHANGA SAYS LEAST DEVELOPED COUNTRIES NEED FINANCIAL SUPPORT

MATHANGA SAYS LEAST DEVELOPED COUNTRIES NEED FINANCIAL SUPPORT

Minister of Natural Resources, Energy, and Mining, Honourable Dr Jean Mathanga, says Least Developed Countries require the establishment of clear global targets, measurable indicators, and robust financial support, including a tripling of adaptation finance, to strengthen their resilience in line with national plans and priorities.

The Minister said this on Wednesday during a bilateral meeting with the Secretary General of the United Nations, His Excellency Mr Antonio Gutteres, on the sidelines of the 30th Conference of the Parties to the UN Framework Convention on Climate Change taking place in Belém, Brazil.

Dr Mathanga called for the rapid and effective implementation of the Loss and Damage Fund, saying its capitalisation must be sufficient, and its procedures streamlined, to ensure that assistance reaches the most affected communities without unnecessary delay or administrative burden.

“We urge the world’s major emitters to present strengthened Nationally Determined Contributions that unequivocally align with the 1.5°C pathway. Enhanced ambition must be accompanied by credible implementation frameworks that ensure real and sustained emissions reductions.

“We reaffirm that equity and the principle of common but differentiated responsibilities remain central to the global climate regime.

“The special needs and circumstances of the Least Developed Countries—firmly established under the Convention and the Paris Agreement—must be safeguarded in all negotiating tracks. We further call for enhanced capacity-building and technology transfer to support effective implementation of our climate priorities,” said the Minister.

She further called for the Loss and Damage Fund to be made fully functional and easily accessible, stressing that least developed countries should not face bureaucratic hurdles when seeking support.

On his part, Guterres reaffirmed the urgency of accelerating a fair and just transition for Least Developed Countries, saying that financing remains central to achieving climate commitments.

He emphasised that “funding is the cornerstone of success,” urging all parties to work closely with the COP30 Presidency and prioritise finance—both for its practical value and its moral significance.

He then urged all stakeholders to engage proactively with the COP Presidency and other parties, highlighting funding as a priority—both for its financial capacity and its moral imperative.

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