The Federal Minister for Climate Change & Environmental Coordination Senator Sherry Rehman has warned that climate change is breaking global records while collective action falls short.
Speaking on the first day of the Petersberg Climate Dialogue in Berlin, Rehman stressed the need for real change in the pace of climate finance, adaptation and mitigation.
She pointed out that 78 developing countries require a total of $6tn between now and 2030 to meet their financial requirements under the Paris Agreement, with Pakistan requiring $348bn between 2022 and 2030, representing 10.7% of its cumulative GDP, to meet its climate needs.
“As we approach the Global Stocktake at COP28, I see global records being broken by climate change, while actions taken to match pledges fall short,” said the the Federal Minister for Climate Change & Environmental Coordination Senator Sherry Rehman.