Quebec to announce monetary help to assist growing nations struggle local weather disaster

Quebec will soon announce a financial contribution to the most vulnerable countries to help them fight and adapt to the climate crisis, one of the major themes of the COP2 conference.

In an interview with The Canadian Press prior to his departure for Egypt, Minister Benoit Charette indicated that his government will take advantage of the United Nations climate change conference to announce “significant commitments to climate justice,” without specifying the details of the contribution.

The issue of climate justice for the countries of the south, which suffer more from the effects of climate change while also often the ones who contribute the least to it, is at the heart of the discussions at COP27.

“We have seen it there for two years, it is a theme that is gaining importance, so Quebec will make its contribution. As for the amounts and the purpose of these commitments, I will have to ask you to be patient for a few more days,” said the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.

“Clearly, we are hearing this signal from several countries in the south, who say they are experiencing the effects of climate change directly,” added the minister, who is scheduled to fly to Egypt on Thursday.


The head of the United Nations Development Program (UNDP) warned Wednesday that many poor countries are struggling to raise funds to fight climate change because of their heavy debt burden.

Achim Steiner told The Associated Press that his agency estimates 54 countries around the world now face potential “debt distress.”

He said one of the proposals being discussed at the UN climate summit is to cancel some of the countries’ debt if they commit to investing in clean energy projects and adapting to global warming.

So far, there hasn’t been much progress on this issue, Steiner said.

An analysis by his agency showed that developing countries are investing several times the amount of money they receive from developed countries in climate action.

Steiner said a recent estimate of the money needed to fight climate change is between US$1 trillion and US$2 trillion per year, a fraction of the world’s total wealth of US$430 trillion.

“Are we really unable to direct public and private financial flows to the tune of $1 trillion or $2 trillion, essentially saving humanity and our economies from the extraordinary disasters that are beginning to unfold?” he asked.

This report by The Canadian Press was first published in French on Nov. 9, 2022.

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