Arab States

Stance on 'Loss and Damage'

The Arab countries, as part of the G77, strongly advocate for a unified agenda on climate finance, emphasizing the critical need for reliable funding to support climate adaptation. They stress the importance of utilizing mechanisms such as the Adaptation Fund and the Green Climate Fund to ensure consistent financial support. The Arab Group highlights the essential role of proportionate climate financing, particularly in the context of the north-south divide. Developing nations argue that historically significant polluters must take responsibility by providing financial resources and technological expertise to help developing countries both mitigate and adapt to the impacts of climate change.

The group also expresses frustration that the $100-billion-per-year climate finance goal, outlined in the Paris Agreement, has not yet been achieved. They call for a substantial increase in financial flows starting in 2025 to adequately balance funding between climate mitigation and adaptation efforts.[1]

On the issue of loss and damage, the Arab Group emphasizes the urgent need for strengthened support to address the irreversible impacts of climate change in vulnerable regions, particularly in the Arab world. They advocate for the establishment of financial mechanisms aimed at preventing, reducing, and addressing loss and damage, which disproportionately affect developing nations. The Arab Group underscores the importance of global cooperation in the areas of finance, technology transfer, and capacity building to close the implementation gaps and enhance climate resilience, ensuring that developing countries can effectively respond to the challenges posed by climate change.

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