Sunday, June 11, 2023
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Climate Change

Africa calls for climate finance tracker after donors fall short

by SAT Reporter
October 19, 2021
in Climate Change, Just In
0
Africa calls for climate finance tracker after donors fall short
0
VIEWS

LIBREVILLE, (The Southern African Times) – African countries want a new system to track funding from wealthy nations that are failing to meet a $100-billion annual target to help the developing world tackle climate change, Africa’s lead climate negotiator said.

The demand highlights tensions ahead of the COP26 climate summit between the world’s 20 largest economies, which are behind 80% of greenhouse gas emissions, and developing countries that are bearing the brunt of the effects of global warming.

“If we prove that someone is responsible for something, it is his responsibility to pay for that,” said Tanguy Gahouma, chair of the African Group of Negotiators at COP26, the United Nations climate summit in Glasgow, Scotland, which starts on Oct. 31.

In 2009, developed countries agreed to raise $100 billion per year by 2020 to help the developing world deal with the fallout from a warming planet.

The latest available estimates from the Organisation for Economic Co-operation and Development (OECD) show this funding hit $79.6 billion in 2019, just 2% more than in 2018.

The OECD data shows Asian countries on average received 43% of the climate finance in 2016-19, while Africa received 26%. Gahouma said a more detailed shared system was needed that would keep tabs on each country’s contribution and where it went on the ground.

“They say they achieved maybe 70% of the target, but we cannot see that,” Gahouma said.

“We need to have a clear roadmap how they will put on the table the $100 billion per year, how we can track (it),” he said in an interview on Thursday. “We don’t have time to lose and Africa is one of the most vulnerable regions of the world.”

Temperatures in Africa are rising at a faster rate than the global average, according to the latest U.N. climate report. It forecasts further warming will lead to more extreme heatwaves, severe coastal flooding and intense rainfall on the continent.

Even as wealthy nations miss the $100 billion target, African countries plan to push for this funding to be scaled up more than tenfold by 2030.

“The $100 billion was a political commitment. It was not based on the real needs of developing countries to tackle climate change,” Gahouma said.

World leaders and their representatives have just a few days at the summit in Glasgow to try to broker deals to cut emissions faster and finance measures to adapt to climate pressures.

African countries face an extra challenge at the talks because administrative hurdles to entering Britain and to travelling during the coronavirus pandemic mean smaller than usual delegations can attend, Gahouma said.

“Limited delegations, with a very huge amount of work and limited time. This will be very challenging,” Gahouma said.

Previous Post

South Africa’s rand gains as dollar falls back, stocks flat

Next Post

Over 3,000 Delegates Take Part in Global Business Forum Africa 2021 in Dubai

SAT Reporter

Related Posts

Ghana Aims to Cut Carbon Emissions by 64 Million Tonnes by 2030
Climate Change

Ghana Aims to Cut Carbon Emissions by 64 Million Tonnes by 2030

by SAT Reporter
June 10, 2023
Namibia Adopts Carbon Markets Framework for Sustainable Development
Climate Change

Namibia Adopts Carbon Markets Framework for Sustainable Development

by SAT Reporter
June 8, 2023
Egypt and UAE Sign $10 Billion Deal to Build Massive Wind Power Plant
Climate Change

Egypt and UAE Sign $10 Billion Deal to Build Massive Wind Power Plant

by SAT Reporter
June 7, 2023
Controversial $4 Billion Oil Pipeline in Africa Raises Climate Concerns
Climate Change

Controversial $4 Billion Oil Pipeline in Africa Raises Climate Concerns

by SAT Reporter
June 5, 2023
World Bank Grants $70 Million to Empower Women in South Sudan
South Sudan

World Bank Grants $70 Million to Empower Women in South Sudan

by SAT Reporter
May 25, 2023
Next Post
Over 3,000 Delegates Take Part in Global Business Forum Africa 2021 in Dubai

Over 3,000 Delegates Take Part in Global Business Forum Africa 2021 in Dubai

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sustainablity
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Health Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?