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