November 26, 2024 – While the new US$300 billion climate finance target agreed upon at COP29 is an important step forward in mobilizing resources to address the impacts of climate change, it falls short of the US$1.3 trillion annually that developing countries need, including adequate support to children, their families, and their communities in climate-vulnerable regions. While the loss and damage fund is operational, it remains severely underfunded. A more ambitious approach is required to tackle the financing shortfalls and the growing threats they face.
We are deeply disappointed by the lack of recognition of children’s rights within the official agreements and outcomes that emerged at COP29. Nearly half the world’s children live in countries that face a high risk of climate and environmental hazards. While all children are vulnerable to climate change, the youngest children are exceptionally susceptible given their rapidly developing brains and physiological, social-emotional, and cognitive development needs, which make them fully reliant on their caregivers. Alarmingly, nearly 90 percent of the global health burden related to climate change is borne by children under five years old. These numbers underscore the urgent need for robust, equitable, and inclusive climate action that addresses the direct and indirect impacts of climate change on children, their families, and their communities. As countries update their Nationally Determined Contributions and National Adaptation Plans, it is imperative that these plans prioritize and address the needs of children, especially the youngest.
ECDAN remains committed to driving collective action with key stakeholders to ensure these needs are at the forefront of climate action. As we look toward COP30 in Brazil, we are ready to advocate for bolder solutions that protect the youngest and most vulnerable members of our global community.