“Climatic response costs in developing countries, 3,000 trillion won in 2030 … need support”

<Anchor>

It is predicted that the cost of responding to climate change in developing countries will exceed KRW 3,000 trillion by 2030.

Developed countries have promised aid, but developing countries that receive aid are in the position that they need responsibility and compensation.

Kwak Sang-eun is a correspondent in Paris.

<Reporter>

A report has been released that analyzes the costs of developing countries around the world to respond to the climate crisis.

According to a report prepared at the request of the British and Egyptian governments and published at the Conference of the Parties to the Convention on Climate Change, as of 2030, global investment of 2.4 trillion dollars or 3330 trillion Korean won is required.

The report pointed out that developing countries are in dire need of support as they cannot afford the cost.

In this regard, the United States, Britain, France, Germany and the European Union announced the so-called 'Fair Energy Transition' project to support South Africa with USD 8.5 billion and KRW 11.8 trillion.

Supporting South Africa to stop coal power generation and switch to eco-friendly energy is evaluated as the first specific outcome of this climate crisis meeting.

Germany and the United Kingdom, Belgium and Denmark and Austria have also pledged separate support for other climate change-vulnerable countries in Africa.

[Cyril Ramaphosa/President of South Africa: Africa needs large-scale, predictable funding and technical assistance.]

Developing countries, however, are in the position that they need compensation for damage caused by the developed countries that caused the current climate crisis, so there is no narrowing of differences in funding methods and requirements.