If current trends in climate finance flows continue, Africa faces an annual GDP shortfall of $127bn by 2030. Concrete financial commitments on behalf of developed countries remain abysmal, and many climate-vulnerable countries still struggle to mobilize climate finance. Both climate justice and social justice must be intertwined to address poverty, historic and present greenhouse gas emissions by the rich, colonial legacies, and perpetuated racism. Speaking at the recent 14th Petersberg Climate Dialogue 2023, COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber emphasized the need to unlock climate finance while ensuring climate justice. “We must supercharge climate finance, making it more available, more accessible, and more affordable finance to drive delivery across every climate pillar.

Source: The North Africa Journal May 20, 2023 02:54 UTC