Africa needs cash, science for new model of green development-leadersPresident Uhuru when he arrived at the United Nations Headquarters accompanied by President Marttipele Sirisena of Siri Lanka. Many African and other developing countries had prepared climate change action plans and strengthened their governance to be able to attract more finance, she noted. Not enough climate finance - less than 10 percent - was reaching local communities in poor, vulnerable nations, it said. A significant share of money also goes on administration costs, diverting it from helping communities adapt to climate change and develop low-carbon economies, IIED said. "We are really hoping that there will be a clear commitment to local finance ... and (to) understand the reforms in the system that are needed to enable that," she said.
Source: Standard Digital March 15, 2019 09:34 UTC