“Address Financial Flow Inequalities” -Pres. Weah Wants Pragmatic Climate Change Approach

MONROVIA – As the 27th Session of the United Nations Conference on Climate Change (COP27) kicked off Tuesday, November 8, 2022 in Sharm El-Sheik, Egypt, President George Manneh Weah has called on the international community to adjust the glaring inequality and imbalance that still exist between high and low carbon dioxide emitting countries within the climate change architecture, noting financial flows to low greenhouse gas emitting countries like Liberia still remain disproportionate and unfair, especially given the fact that Liberia has significant carbon capture capability because of its vast rainforests that are expected to be reserved to serve as the third-lung of the world but without the commensurate benefit to the populations.

Proffering remarks at the opening of COP27 yesterday, President Weah said: “So, as we assemble here once again to find a pragmatic and productive way forward, let us do so with renewed dedication, commitment, and sincerity, so that we harness our collective strengths to develop lasting solutions that will save our world, not only for ourselves, but for generations yet unborn.

The Liberian leader said they attended COP26 one year ago in Glasgow, Scotland, the world was just beginning to emerge from the negative impact of the Covid-19 pandemic.

“There was a sense of recovery and a renewal of hope that we could once again act together, in concert, to re-focus our collective efforts on mitigating the devastating effects of global climate change.

“We acknowledged our shortcomings in terms of in-equity, and admitted our shortfalls in meeting our targets for reducing our carbon emissions and footprints.  We also re-confirmed our commitments to contribute higher levels of financing to support our efforts, and reviewed and re-evaluated our chances of limiting the rise in global warming to meet our temperature target of 1.5 degrees Centigrade by 2030.

“Now, one year later, as we meet in Sharm el-Sheikh today, we are observing, waiting, and hopeful that our promises made in Glasgow will be kept, and pledges fulfilled. 

“Let us stand by the decisions and commitments we make at this COP27 conference here in Egypt to avert a global catastrophe. Together, we can implement and make our one world a better place,” President Weah intoned.

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