Browsing: COP26

France will host, in Paris, on June 22 and 23, 2023, the Summit for a new global financing pact. The Summit seeks to rethink the contract between the countries in the Global North and the Global South. The organisers aim to formulate a new pact to address the global economic crisis and climate change.…

Climate change in Africa costs a lot, and climate extremes hit the region hardest. Between 2014 and 2018, roughly $5 per year, a person was the adaptation funding to each African – standing on less than $5.5 billion per year (World Economic Forum).

It is more than fair to say without financial support, climate change will probably push Africa’s impoverishment to a whole new level, as millions of Africa might be into extreme poverty by 2030.

The latter proves Africa to be at a relatively disadvantageous position as it contributes the least to global emissions and climate change. Yet, it receives minor financial support towards adaption.

READ: COP26 All Talk, No Walk

The previous 26^TH United Nations (UN) Climate Change Conference of the Parties (COP26), dubbed “the world’s best last chance”, provided the global stage with failure.

Despite promising to double funding, high-income countries (and high global emitters) failed …

South Africa, like many other countries in the world, still uses coal to power its economy, but now the country wants to become a low carbon economy and a climate-resilient society and to do so, it has announced a major U.S.$8.2 billion deal with Europe and the US.

This deal makes South Africa the only African country to have come out of COP26 with a tangible, actionable and financed plan to make it climate change resilient. The energy embattled country has signed the deal with all the big boys, the UK, the U.S., Germany, France and the European Union.

The pact is considered the first of its kind, where the so-called ‘Global North Countries’ are funding a ‘Global South Country’ to transition to renewable energy. Granted in this case there is the interest in coal since South Africa is heavily reliant on coal and so the deal is considered a …

Gabon is one of few countries with a carbon-negative economy, thanks to the Congo Basin’s immense tropical forests, which absorb more greenhouse gases than the country’s companies, cars, and towns emit.

It just approved an ambitious climate law to ensure that its economic bases are on forests and agriculture rather than fossil fuels.

Outside assistance is required to attain this goal so that the government can continue to enhance living standards.
Many African countries rely on coal for electricity and have refused to sign a declaration signed by more than 40 countries this week calling for an end to the most polluting of fossil fuels.…

• US, EU pledge to cut global methane and greenhouse gas emissions by at least 30 per cent by 2030.
• 16 Southern African Development Community (SADC) states have recorded 36 per cent of all weather-related disasters in Africa.
• China, the world’s largest emitter of methane, India and Russia are not part of a pledge to cut down emissions.

The 26th Conference of Parties (COP26) has demonstrated to the world action towards climate change is possible.

As heads of state converge and pledge crucial issues including, the US and European Union announced a global methane pledge, cutting emissions of greenhouse gas by at least 30 per cent by 2030.

The conference, which is attended by countries that signed the United Nations Framework Convention on Climate Change (UNFCCC), has been drawing international attention as climate change impacts the global economy, especially developing economies across the world.

In that context, Africa as a region …