News

‘Not fair’: Ghana slams West over low funding for climate change | Climate Crisis News


Western countries have said they will spend about $25 billion by 2025 to help Africa adapt to climate change, but pledged only $55 million.

Ghanaian President Nana Akufo-Addo has criticized Western nations for their low financial commitment to tackle the problems caused by climate change on the continent.

“$55 million for 54 countries – this is not fair,” Akufo-Addo was quoted by French state broadcaster RFI as saying on Monday.

Akufo-Addo, who is on a six-day visit to France, where he is expected to meet President Emmanuel Macron, mentioned the commitments made in climate summit in Rotterdam last September – $23 million from the UK, $15 million from Norway, $10 million from France and $7 million from Denmark.

“The Adaptation Summit has a mission to raise $25 billion by 2025… ridiculous, while the G20 countries are responsible for 80% of emissions, Africa leaves Rotterdam with a commitment of up to 55 million dollars,” said the Ghanaian leader.

The African Development Bank pledges an additional $12.5 billion to support the cause.

The Rotterdam Summit is set up to discuss climate change funding for Africa and comes ahead of the 27th Annual Summit of the United Nations Conference on Climate Change (COP27) to be held this November in Egypt.

It also comes after warnings from the United Nations’ climate science panel that extreme weather and sea level rise are affecting faster than expected, prompting calls for more money and political will to help people adapt.

The meeting in Rotterdam – attended by former UN Secretary-General Ban Ki-moon, UN climate chief Patricia Espinosa and International Monetary Fund head Kristalina Georgieva – heard representatives of African nations, small island developing countries and other climate vulnerable countries.

‘Huge impact’

Western countries say they will spend about $25 billion by 2025 to boost Africa’s adaptation efforts to climate change. However, their commitments in Rotterdam were unsuccessful.

Akufo-Addo said: “Of course a lot, but it is mocking, at the same time reminding that the G20 countries” are responsible for 80% [gas] emissions “.

For years, African leaders have said the continent is paying a heavy price by cutting fossil fuel use, despite its low emissions compared to the rest of the world. gender.

In JuneJust weeks after the G7 pledged to end public funding of foreign fossil fuel projects by the end of 2022, Nigerien President Mohamed Bazoum said the continent was “under sanctions”.

Africa emits only 2 to 3% of the world’s carbon emissions despite being home to almost 17% of the world’s population.

It has experienced a temperature increase of about 0.7°C over much of the continent, and “with predictions that temperatures will rise further, Africa is facing a range of [climate change] impacts, including increased droughts and floods,” reads a United Nations report.

“The impacts are huge. Today, Africa loses $7-15 billion a year due to climate change, and if that doesn’t change, it will lose about $50 billion by 2040,” said Akinwumi Adesina, president of the Development Bank. Africa, told Al Jazeera during the Rotterdam summit.

Africa will need between $1.3 and $1.6 trillion this decade to fulfill its commitments to the Paris climate agreement, costing between $140 and $300 billion annually, Adesina said.

“It’s never too late [to bring about change]. What Africa needs is to mobilize resources… enable rebuilding of infrastructure, make it more climate resilient and ensure that we have better systems that are resilient many of the challenges we have today”.

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button