The financial burden of addressing climate change, coupled with limited fiscal space, creates a precarious situation for many African countries. African countries must use COP29 to tackle systemic biases that inflate risk perceptions, minimise African achievements and inflate its problems. The United Nations Framework Convention on Climate Change says developed countries are responsible for financing climate adaptation in vulnerable regions. It is meant to channel money to countries worst affected by climate change to pay for the damage caused. Fourth, the distinction between development finance and climate finance is becoming an impediment to progress.

Source: The North Africa Journal November 06, 2024 10:50 UTC