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Warning of a potential catastrophe in the Himalayas where the glaciers are melting at an alarming rate, UN chief Antonio Guterres on Saturday said the ongoing annual climate talks must respond to the needs of the developing nations, especially the vulnerable mountain countries that need urgent help.
Almost 240 million people depend on the glaciers and 10 major rivers, such as Indus, Ganga and Brahmaputra, originate in the Himalayas. Another billion people living downstream of these rivers across eight countries, including India. are also dependent on the glacier-fed rivers.
Addressing a meeting with mountain countries at this year’s Conference of Parties (COP28), UNSecretary-General Gutterrs emphasized that nearly a third of Nepal’s ice had vanished in just over 30 years, and it was directly linked to greenhouse gas pollution that heats up the planet.
Guterres.who visited Nepal. including the Everest region. in October last week. called for developed countries to clarify the delivery of \(\$\)100 billion and produce a plan to double adaptation finance to \(\$\)40 billion a year by 2025. ”But those sums are dwarfed by the scale of what’s needed’ he said and advocated for reform in International Financial Institutions (IFIs) and Multilateral Development Banks (MDBs) to better cater to the needs of developing countries like Nepal.
”So, we need the outcome of this COP to call for reform of the IFIs so that they reflect today’s world and are far more responsive to the needs of developing countries and for reform of the business models of the MDBs so that they can leverage far more private finance at reasonable cost to the developing countries”, he said. ”Unless there is a change in course. a catastrophe can be unleashed. The glaciers could disappear altogether. That means massively reduced flows for major Himalayan rivers,” he said.