Wealthy countries must ‘do more’ to help Africa cope with the impact of climate change. This was the message from the continent’s representatives during this week’s COP26 gathering in
The focal point is money.
Africa currently receives just 5% of global climate financing, and a 2009 pledge by rich countries to give developing economies $100bn annually by 2020 to fund adaptation and mitigation efforts has been pushed back until at least 2023.
Not only must this be honoured according to leaders from the continent, but According to the African Group of Negotiators on Climate Change (AGN), the $100bn figure needs to hit $1.3tr
annually by 2025 to make meaningful progress.
You can read the full report here.