ADDIS ABABA, JULY 16, 2015: Financing for Development Conference closed in Addis Ababa today with the release of an outcome document summing up governments’ thinking on how to generate and manage the funds necessary to allow countries to develop sustainably. The conference comes ahead of two big summits – the first in New York in September and the second in Paris in December – which seek to forge international agreements which eliminate poverty, reduce inequality and fight climate change.
Aïssatou Diouf, coordinator Climate Action Network West Africa, said from Addis:
"With climate impacts hitting home around the world and the solutions to the crisis in our grasp, what’s missing from this outcome is a strong call to richer countries to stop using flatlining Overseas Development Aid to meet the climate finance commitments they made in 2009: $100 billion a year by 2020.
It's time to start facing the hard truth: for Paris to deliver, donor countries need to come clean on existing commitments and provide increased public climate finance once the new agreement comes into effect in 2020. Ministers meetings in July should be looking into the solutions to scale up climate finance without diverting aid away from education and health: the upcoming EU-Financial Transaction Tax and EU-ETS reform provide us with two amazing opportunities."
To interview a CAN expert on the ground in Addis Ababa, please contact Ria Voorhaar – email@example.com – +49 157 3173 5568
About CAN: The Climate Action Network (CAN) is a worldwide network of over 900 Non-Governmental Organizations (NGOs) from over 100 countries working to promote government and individual action to limit human-induced climate change to ecologically sustainable levels. www.climatenetwork.org