FINAL GSL FEEBACK!!
Committee- UNEA
country- Brazil
Agenda- Addressing the current global fuel crisis and its environmental and socioeconomic impact on developing nations.
Honourable Chair, distinguished delegates,
For developing nations, a fuel crisis is not just about fuel. It stalls economic growth while blocking the very funds necessary to transitioning to renewable energy. Developing nations should not have to choose between a transition to clean energy and economic survival.
Brazil’s success with renewable technologies such as sugarcane ethanol and flex-fuel which power 80% of Brazilian passenger vehicles, have proven to be highly effective by cutting emissions up to 90% compared to traditional fossil fuels while also allowing for more control over oil shocks. However, not all developing nations can replicate the flex fuel model. Every nation has different geographical advantages, and the barrier to using them is capital.
To obtain these energy sources, developing nations require more funds than they currently have and according to the UN, need up to $2.5 trillion annually for climate goals, yet current pledges commit to only $300 billion annually by 2035. Additionally, up to 70% of this funding arrives as loans and debt rather than direct aid, further adding to the burden on The Global South.
To bridge this gap, Brazil demands an overhaul of climate finance. We call for grants over loans and for significantly higher amounts contributed to climate finance from developed nations. Regional Grid Interconnection technology funded by multilateral development banks lets developing nations with low capital access clean power from neighbours as they build their own renewable capacity, empowering The Global South to lead its own green transition without sacrificing their economy.