PARIS - Small island states sinking under rising seas are encouraged by a summit starting Thursday charged with revamping the global financial system to better cope with climate change and other 21st-century challenges, their representative to the talks said.
Sea levels sure to rise well into the 22nd century and cyclones made more deadly by global warming have put Aosis’ 39 low-lying island and coastal states on the front lines of climate impacts and UN talks.2015 Paris Agreement’s aspirational target of capping global warming at 1.
“It will set back your development years,” he added. “That’s especially true for atoll countries, they’ve got nowhere to run.” “It’s a tool,” Mr Luteru said. “We’re not saying it should or will replace gross national income ,” another standard measure of a country’s ability to produce and earn. “It’s a complement.”One of the measures on the table at the summit will be an international tax on carbon emissions from the shipping sector. A consensus in Paris could shape the outcome of a critical meeting in two weeks of the International Maritime Organisation .
Source: News Formal (newsformal.com)
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