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Africa Will Be Trillions Short of Climate Funds by 2030

Africa Will Be Trillions Short of Climate Funds by 2030

Published on March 8, 2024

This article was authored by a 3rd party not related to PlanetVoters.com and any opinions or views expressed are not a reflection of PlanetVoters.com.


THOR BENSON

Mar 04, 2024

“Let’s face it, we are on the brink of failing future generations.”

A top U.N. official on Monday warned that Africa will be $2.5 trillion short of the funding it needs to fight climate change by 2030—a reality characterized as devastating for a continent that has suffered disproportionately from the impacts of global heating it has done little to cause compared to Europe and nations in North America.

“The world is at an inflection point and countries are facing impossible policy choices with far reaching social and economic consequences. But we have chosen the theme of green transitions because, whether we like it or not, we cannot ignore the challenges of climate change and the need to respond accordingly,” Claver Gatete, United Nations under-secretary-general and executive secretary of the economic commission for Africa (ECA), said Monday at a conference in Zimbabwe.

“In 2020, Africa’s total greenhouse emission was about 3 percent of global emissions,” Gatete added. “But we are the region with the most burden of impact.”

Gatete noted that the G20 estimates Africa needs an additional $1.8 trillion for climate action and $1.2 trillion for development financing by 2030, but funds designated for Africa will fall well short of that.

To read the full article, click here:

https://www.commondreams.org/news/africa-wtrillions-short-of-needed-climate-funding

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