President of Kyrgyzstan Sadyr Japarov participated in the 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, on November 12, where he spoke at a high-level roundtable on climate financing organized by Pakistan.
In his speech, he emphasized that global climate change poses a serious threat to the sustainable development of all countries, and the issue of climate financing has become particularly important.
He stated that the distribution of international climate financing should be based on countries’ emission levels and economic development status. In this regard, the responsibility for supporting vulnerable developing countries should lie with those nations that bear the greatest responsibility for global emissions.
Sadyr Japarov drew attention to the complexities of the climate financing mechanism, which remains cumbersome and fragmented, hindering effective resource allocation. He expressed the view that the private sector should play a more active role in mobilizing climate funds, as it is a key driver of the «green» transition in the economy.
Furthermore, the president called for creation of innovative mechanisms and investment instruments to attract financial resources for projects to adapt to and mitigate the effects of climate change. He also supported the idea of launching a loss and damage fund as soon as possible, stressing the importance of protecting the interests of all nations, particularly mountain developing countries.
In conclusion, Sadyr Japarov emphasized the importance of cooperation in achieving the common goal—curbing global warming for the sake of future generations.
