UN General Assembly
2024

This, and similar scenarios in our region, underscore the need to build local resilience and climate adaptation through various interventions including, among others, climate financing from both public and private SOUrces. In this regard, the need for the full actualisation of the Loss and Damage Fund to help developing countries cope with climate related disasters and extreme weather events cannot be overemphasized. We urge Member States to focus their energies on achieving measurable outcomes at the forthcoming COP29 accordingly. Mr. President, It is becoming increasingly apparent that the SDGs may not be met by 2030 as only 1 7 percent of the SDGs targets are on track, while the remaining 83 percent are either stagnated or regressing. Therefore, Zambia joins calls for massive investment and scaled-up action in order to close the financing gap which is currently estimated to be around $4 trillion. Failure to close this gap will adversely impact fUtl.Jre generations.