Africa, which accounts for less than 4% of global greenhouse gas emissions, bears a disproportionate burden of climate impacts while struggling to access the liquidity needed to meet both its development goals and climate ambitions. As COP29 approaches, Africa finds itself facing a dilemma that goes beyond just climate financing. This dilemma, a reflection of […]
COP29 must remedy the injustice of climate finance in Africa Read More »
L’Afrique ne doit plus avoir à choisir entre le financement de son développement et celui de l’adaptation au changement climatique. Parce que, proportionnellement, elle ne participe que très peu au dérèglement du climat. Et parce que les règles sont avant tout dictées par les pays développés, au nom de leur sécurité énergétique. À l’approche de
COP29 : la double injustice du financement climatique en Afrique Read More »
The rise of climate change up the international agenda is an opportunity for development and poverty alleviation, those that matter for development. Overlaps, complementarities, and synergies exist between investment and to reduce emissions could come at the expense of international and national development efforts, and might be more expensive than traditional development strategies, meaning that
The End of Concessional Lending and ODA centrality: A Paradigm shift in climate finance Read More »
The debt situation in African countries has escalated to a critical juncture, as multiple factors compound the challenges they confront. Three pivotal elements significantly contribute to this predicament. Firstly, the prudential rules governing the international banking system exacerbate the existing practices of capital concentration, amplifying the disparity in access to financial resources and hindering equitable
The African debt dilemma: unpacking the three unfavourable factors Read More »
Freight trains are seen at Nairobi station of Mombasa-Nairobi Standard Gauge Railway (SGR) in Nairobi, capital of Kenya, Nov 17, 2021. [Photo/Xinhua] In the wake of unprecedented global challenges, the enduring trust forged by China’s unwavering trade and investment growth in Africa faces a critical juncture. The COVID-19 pandemic amplified existing difficulties, including limited access
Trust between China, Africa a precious asset Read More »