The Conference of Parties (COP), established by the United Nations Framework Convention on Climate Change (UNFCCC), is a convention of world leaders and scientific experts for discussing climate change. COP26 will be the next COP gathering and will take place in November, 2021. World leaders participating in COP26 will discuss topics ranging from mitigation strategies to extensive economic reforms.
The countries most capable of adapting to climate change are those who have relatively high incomes and low economic vulnerability. These countries are better prepared to deal with climate destabilization than low income countries with high economic vulnerability. This is because higher income nations can afford to invest in net-zero transition projects, adaptation technologies and more resilient infrastructure.
Lower income nations by contrast have economies that are less capable of investing in green revolutions. Dealing with decreases in crop yields and infrastructure damage as a result of climate change will also be more difficult in countries that have vulnerable economies. The least developed nations are often dependent on agriculture and other contributions from nature such as fishing or logging. Adverse weather events or changes in climate also threaten tourism in small island developing states. In the event of severe weather events, the least developed communities will face the challenge of rebuilding with rather limited finances and resources.
Which Countries Are the Least Developed?
According to the least developed countries group under the UNFCCC, the least developed countries include:
3 Burkina Faso
5 Central African Republic
8 Democratic Republic of the Congo
10 Equatorial Guinea
25 Sao Tome and Principe
27 Sierra Leone
32 United Republic of Tanzania
38 Lao People’s Democratic Republic
47 Solomon Islands
COP26 Plan for Developing Nations
Climate finances are the funds that will be provided to developing nations to aid in addressing climate change and its impacts. Funds like the Green Climate Fund were created to provide developing nations financial support for new initiatives and adaptation. Alternative methods for climate finance include loans, export credits and government donations. The pledged for $100 billion a year (by 2020) for developing nations has been discussed as a central issue since 2009.
COP26 is an opportunity for developed nations to sort out the details of their commitment. Developed nations are the primary beneficiaries of fossil fuel use, they are therefore liable for the consequences associated with climate destabilization. The territories that make up the Group of 20 (G20) generate more than half of the world’s anthropogenic greenhouse gas emissions and make up most of the world’s gross domestic product. These nations then have the greatest responsibility to help support to developing nations and small island states.