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Climate Minister highlights financial support for climate loss

Krista Mikkonen (Green) said rich countries should do more to help nations coping with the effects of climate change.

Ympäristöministeri Krista Mikkonen.
Krista Mikkonen is Finland's Minister of the Environment and Climate Change. Image: Petteri Sopanen / Yle
Yle News

Finland's Climate Change Minister, Krista Mikkonen (Green), said countries' agreement to cap global warming at 1.5 degrees Celsius compared to pre-industrial levels was a key takeaway from the COP26 UN climate talks that ended in Glasgow on Saturday.

She, however, noted that "we would have needed to be more ambitious."

Mikkonen said rich nations' climate financing for vulnerable countries in the southern hemisphere will be an increasingly important topic in the future.

Negotiations in Glasgow completed the Paris Rulebook, a set of guidelines for a zero-carbon future.

Despite taking five years to complete, Mikkonen said the rulebook showed that the international community is able to work towards solutions to prevent a climate crisis.

The Finnish Association for Nature Conservation (FANC) meanwhile said goals to stop fossil fuel subsidies fell short.

WWF Finland was also less upbeat than the climate minister regarding COP26's progress. The environmental organisation told Yle that although world leaders made promises, the summit was still a disappointment in terms of funding earmarked for combating climate change. WWF Finland, however, said the summit's outcome kept the hope of limiting temperature rises to 1.5C alive.

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