Venezuela emphasized at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye, the urgent need to secure at least $120 billion annually in grants for climate adaptation, the Ministry of Ecosocialism (MINEC) reported this Tuesday.
The delegation also called for immediate emissions cuts by nations in the Global North and demanded the operationalization of the Loss and Damage Fund.
Furthermore, the ministry noted that it advocated for restructuring technology transfer through the United Nations Climate Technology Centre and Network (CTCN).
The delegation was led by Moira Méndez Romero, Minister-Counselor and chief negotiator for the Ministry of Foreign Affairs and International Trade, alongside Yusbelys Belisario, Acting Director General for Climate Change Monitoring and lead technical negotiator for MINEC.
Additionally, Venezuela underscored the shared international responsibility for addressing the current crisis and reaffirmed its commitment to a transformative equity that respects the rights and capacities of the peoples of the Peoples of the South.
“If the world shares a common future, it must also share the responsibility for building it,” stated the body.
COP31 is being held in Antalya under the theme “Climate Ground Zero.” The gathering aims to consolidate the implementation of mechanisms such as “Zero Waste” and the Antalya Initiative for Sanitary Resilience with $1.3 trillion in annual funding.