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Members of the OECD Development Assistance Committee (DAC) today
issued a joint Declaration ahead of COP26 committing to align official
development assistance (ODA), which totalled USD 161 billion in 2020,
with the goals of the Paris Agreement on Climate Change.
The Declaration states: “As the custodians of the governance of ODA,
we commit to aligning our ODA with the goals of the Paris Agreement.
Climate and environmental impacts must be considered in all ODA spend,
including in sectors not traditionally associated with climate and the
environment. Alignment with the Paris Agreement will recognise the
unique circumstances of partner countries and support their own low
carbon, climate resilient development pathways and transition towards
net zero economies, while minimising the risk of creating stranded
assets.”
This Declaration:
1. Prioritises the adaptation needs of developing countries, especially Least Developed Countries (LDCs) and Small Island Developing States (SIDS). It commits to:
2. Commits to supporting partner countries’ own plans for just and equitable transitions towards net zero, by:
3. Acknowledges that we cannot reduce poverty and leave no one behind unless we also tackle climate change. It commits to:
4. Recognises the need to mobilise more finance from a variety of sources (including from the private sector), and to incentivise innovation. It commits to:
DAC Chair Susanna Moorehead said, “Developing
countries need visibility and a voice at COP26. If you’re a poor woman
or man in an LDC or a SIDS, climate change is already making it harder
to feed your children and make a livelihood. We can’t reduce poverty
and leave no one behind without also tackling climate change and helping
poor countries to adapt. That is what the DAC has agreed to do in its
landmark Declaration.”
OECD Secretary-General Mathias Cormann welcomed the
Declaration, saying: “This is a landmark Declaration that aligns
development co-operation with the important climate goals of the Paris
Agreement. It demonstrates the OECD’s commitment to address the needs
and challenges of developing countries. And, it shows great leadership
by the DAC in pursuit of new policies to achieve better development
outcomes. This Declaration also shows how important new donor
commitments to increase public climate finance from next year are, and
that more finance is needed from all sources.”
Read the complete DAC Declaration