What is the main proposal from South Asian parliamentarians regarding climate change?

They propose regional climate multilateralism, including a potential South Asian Climate Cooperation Council (SACCC), to pool resources and address climate threats.

What are the projected economic impacts of climate change on South Asia?

South Asia could face annual GDP losses of nearly 1.8% by 2050 due to extreme weather events and sea-level rise.

What are the key pillars of the proposed South Asian Climate Cooperation Council (SACCC)?

The SACCC would focus on a regional knowledge hub, a green climate finance facility, and a scientific commission for evidence-based guidance.

Home / Environment / South Asia's Climate Pact: A Global South Solution

South Asia's Climate Pact: A Global South Solution

8 Dec

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Summary

South Asia faces potential GDP loss of 1.8% by 2050 due to climate change.
A proposed South Asian Climate Cooperation Council could enhance regional collaboration.
Key cooperation areas include knowledge sharing, green finance, and scientific guidance.

South Asia's Climate Pact: A Global South Solution

As COP30 signals the overshoot of the 1.5°C warming limit, the urgency for Global South-led climate action intensifies. Parliamentarians from South Asia are advocating for a regional approach to climate multilateralism, proposing a new framework to tackle shared vulnerabilities. This strategy aims to consolidate regional strengths in knowledge, finance, and technology.

South Asia is particularly susceptible to climate impacts, with projections indicating nearly 1.8% annual GDP loss by 2050 from extreme weather. The establishment of institutional mechanisms, such as a potential South Asian Climate Cooperation Council (SACCC), is deemed essential for coordinated action and pooling of resources and capabilities.

The proposed SACCC would operate on three pillars: a knowledge and innovation hub for sharing best practices and research, a green climate finance facility to mobilize funds and attract investment, and a scientific commission to provide evidence-based guidance. This cohesive South Asian strategy seeks to foster both regional stability and a climate-resilient future.