China calls on developed countries to fulfill their obligations and responsibilities to provide financial support to developing countries, assisting in global efforts to address climate change, Foreign Ministry spokeswoman Mao Ning said at a press briefing in Beijing on Monday.
Mao made the remarks in response to a media inquiry about the outcomes achieved during the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29).
"On November 24, the COP29 was concluded in Baku, the capital city of Azerbaijan. After two weeks of tough negotiations, parties reached consensus on the new collective quantified goal, the operationalization of Article 6 of the Paris Agreement and other issues. The outcomes of the meeting embody the principle of common but differentiated responsibilities and demonstrate global effort and aspiration for climate response. The Chinese government attaches great importance to COP29," Mao said.
"The new collective quantified goal reached at COP29 requires developed country Parties to take the lead in providing and mobilizing at least 300 billion US dollars per year by 2035 for developing country Parties for climate action. It is a continuation of the commitment of mobilizing 100 billion US dollars per year made by developed countries in 2009," she said.
The conference also called for mobilizing at least 1.3 trillion dollars per year by 2035 from various sources to support climate actions of developing countries, the spokeswoman noted.
"Climate finance is crucial to supporting developing countries' climate response. China calls on developed countries to earnestly fulfill their obligations and responsibilities of providing funding support to developing countries to boost global climate actions. China will continue to enhance South-South cooperation and provide as much support as the country can for the climate response effort of fellow developing countries," Mao said.